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This post does not provide financial advice. It is for...
Hello Guys, This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use...
Traders, US30 showed bullish signs in last 2 sessions of the week and month of July 2020. This very well follow the suit of SNP500 as it usually does. So what it there in the store for us from technical analysis point of view?
Lets sees in this multi time frame analysis of down jones index.
OK. AFTER 3 ATTEMPTS TO SHORT THE DOW. WON ALL 3 OF THEM BUT CHECKED OUT EARLY BC IT JUST WASNT RIGHT. 4 TRANCHES NEXT WEEK TAPERING UP: 10%, 20, 30, 40 FOR M T W R. FRIDAY IS NFP. PRS IS PICKING UP A BAD SITUATION FOR EVERYONE AND EVERYTHING. THE WORST BEING SILVER, DOW, AND MAYBE BITCOIN.
Will update with time.
After the temporary end of the Dow Jones fall in March 2020, we entered the main wave of an annual expanding triangle.The present scenario is currently in the form of a dual combination of zigzag + X-wave + flat C-terminal. This pattern can propel the Dow Jones to the 14,000 range in the form of a C-wave.
Due to previous double top chart pattern formation, the price fell but it has a consistency to form a higher high onto the trend line. After the coming higher high, due to fundamental analysis that USD price will continuously fall, the price of US30 might fall down to 25500 support level.
Guess airlines are buying tankers now. USOIL will be forced back into its channel overshooting $45 a barrel and perhaps quickly back to $70 pulling back from $80.
Then another jump to $100, ready to retrace 2014 and as hyperinflation develops hit $160 by Sep 2021. Followed by a replay of July 2008, deep recession..
This chart illustrates Bitcoins performance vs. the US30 stock index.
In many ways it resembles the BTCUSD chart, which supports the idea that there is a correlation between US equities and Bitcoin price.
A key difference obviously is that if BTC were to go flat while stock prices climbed, the "price" on this chart would drop as BTCUSD was being outperformed...