This is an analysis of the potential moves of the dollar given where current price is, and the nearest supply and demand levels. Positions in other markets are being set based on these levels of the dollar. Further details in the attached notes.
Look at this Shooting Star on the 1 Hour chart. Investors are ready for it. That shooting Star (part of the Hammer family) shows itself and bang!, look at that drop! A nice reminder that traders are ready with all eyes on this overbought index. -Happy Trading!
growth concerns still looming large, just lurking in the background. eurozone data and FOMC language may drive bond volatility higher. eurozone M3 showing the printing press is on
in order to weaken the euro participants are likely to buy DXY. in order to buy DXY theyre likely to buy bonds. we're in for weird awkward times where everyone trips over their...
Bitcoin's dominance rate reached 55.07% today - Its highest rate since Dec 16,2018. As of today it is currently 0.3% away from reaching its highest levels since September 2018.
But was does this mean exactly? Since Bitcoin started its rally many Alts have both been taking a hit in both Sats and Dollar value. However, i believe Alts will be in for a relief rally...
I don't currently have a position on the S&P500. I was washed out of a few shorts last week. I am fully confused as to whom is buying up this inflated market built on debt? But, I'll trade the charts I guess, I'll be a coiled spring waiting for some confirmation of trend change, like we have seen before when it happens it happens so swiftly. Good Luck y'all