About meTrader, chartist, entrepreneur, fiat currency realist who is heavily invested in cryptocurrency. My views are my own and does not constitute financial advice.
The DXY is approaching a meaningful trend change! Don't be fooled by the Fed, the USD will soon reverse course no matter how much the federal reserve wants a strong dollar, the fiat currency seems to be approaching extreme overbought territory on the weekly chart on every momentum and price oscillator I could find. Be on the lookout for risk on assets to reverse...
As you can see, BTC is back at the bottom of a confluence of two long term support lines, $20k now is the same as $10k from a few years ago. I'm expecting a bullish break out soon to cross above the red downtrend resistance line and retest the top of the current black channel it is in to $40k, the chop sideways in the channel until 3/2023 - 5/2023 which is...
$RYCEY - LONG -
TA/GANN/Indicators/Chart patterns = On the Quarterly chart, there's a double bottom in 1996 and 2021 @ 1.36-1.50 zone, Huge volume spike these past quarters. Momentum on the quarterly chart will flip to the bull side over the next few quarters as it's extremely oversold on the quarterly chart. I expect a revisit to the $8.00 area in one year...