Hello Fellow Traders! 🚀💹
🌐 Dollar Dominance Chart Analysis 📈💵
This chart holds significant implications for the dollar's dominance and the broader market.
📌 Pattern Recognition: Flag Channel 🚩
We're currently observing a crucial pattern known as the flag channel. Typically, this pattern is bullish (confirmed upon breaking out from above).
💡 Key Insight:...
Bitcoin has made an unusual move; with a long wick to the upside; peaking into the 56/57K resistance cluster and getting rejected. A lot of speculation has been going on; whales, facebook, manipulation, bear market sell off etc. None of them correct; the answer is found in this chart which directly correlates with the very use case of Bitcoin; the hedge against...
BTC & EUR CORRECTION:
The Dollar and Bitcoin are pegged in a negative way; when USD goes up, BTC goes down and vice versa.
Currently the dollar is having a small breakout to the upside; and thus the EUR and BTC are correcting.
At this very moment many people believe the BTC correction is over, I do not think so.
Another bad factor for crypto is a new pump for...
