The US dollar has been in a frenzy for the past 30+ days.
With the recent FED meeting it can be speculated that the end may be near for our beloved dollar. FED has stated it will start withdrawing its EMERGENCY funds. The inflation in talks is simply the corp finance worlds inability to recook an already cooked balance sheet.
The word of the month is...
NAS HAS BEEN ALL GAS NO BREAKS FOR THE LAST 30 DAYS (Q4 BULL RUN)
Tech is at an all time high world wide with WFH continuing as well as vaccine mandates that have citizens returning to office.
The recent crypto run can be said to be a fuel to the NAS fire. TESLA going to 1K+ is another great indicator of a healthy nas bullish trend.
I would love to see a slight...
Doge has been in consolidation since late august with the last .35 test.
Once it failed the .35 test it dipped to its support level of .20 to regather momentum for this Q4 rally.
While all other ALTS are somewhat pumping DOGE has seemed to stall out as of recent.
we are not out of consolidation until we successfully close ABOVE .31 (looking to shoot thru my...
XRP has formed a support level at .70
My fixed range volume profile has marked out .87 as the POC (point of control)
This .87 range also has a lot of upward volume mobility, the next stop would drive up back to $1.
we should take into consideration the dying DXY as fear of the delta variant and another shutdown looms on the horizon.
If you zoom out on the...
XRP has made its way out of the volume box at 1.32-1.43 and turning upward.
- 80M at the volume looking for extra 15M added for the push to test APR ATH 1.83.
MA 9 acting as foundation for bullish outbreak
MA9/21 signaling bullish on 1HR/4HR/DAILY
May test 1.54 for impulse wick/ invalid under 1.48 as it will look to test volume zone again from that area....
Gold has found its way back inside my liquid box (1740-1733)
As gold failed to close over 1760 we now test some limbo lows of 1728-1714 levels in lewd of possible bottoms sub 1700.
this is simply a test as it perfectly rolled off my 1738 Q1 support line.
**Invalid if close above 1740.8**
under 1726 look for 1704 levels*
Incoming DXY strength from rd3 of the US Stimulus!
Liquidating from 1800 all the way to 1680 we saw a 1 way down turn, BUT GOLD has gained support and looked to test 1740 which it failed the 1st test. This high 1720 area may look to test 1740 impulsively but I do not think it will last.
the DXY strength is not going to last forever just long enough to get the...
My 9 and 20 EMA have just crossed upward signaling a potential bullish outbreak. Watch ELON and the common citizen haul buys into this crypto is fueling the rocket for that .10 new ATH test! The parabolic movement on DOGECOIN is insane!
We could very well test .25 by JUNE 2021 (as long as DXY still on ventilator)
looking to test demand zones .80 and .84...
XRP has been on a tear since 2021 began!!
From a new ATH of .75 on Feb 1 we saw a MAJOR .40 correction (outside of our consolidation box)
The consolidation box is .41-.48 just showing alot of push-pull momentum.
Feb 10th we saw a breakout test for .54 that failed.
We are now consolidating around our last ATH of .50
I anticipate a breakout upward to the...
INCOMING DXY STRENGTH FOR THE 2021 INAUGURATION.
1.19.21 CANDLE CLOSE BULLISH AND REJECTING 37K. WE SHOULD NOW TEST THE SUPPORT LEVELS OF 33K TO POSSIBLE 30K WICKS.
TRADE BLOWN IF OVER $38.5K*****
DXY was on a defibrillator since SEPT 2020 when it crossed under 94.6. Impulse bulls strengthen the dollar as the US citizens looks to hone in on a new democratic leader.
DXY has been turning upward since Jan 7 2020 because of the recent runoff as well as the shift in political power.
I do not see DXY rebounding past 94.6 levels.
*MA 9 HAS CROSSED ABOVE...
The Past week of chaos in the US government + the continuation of Stimulus Check distribution + Biden's 2021 Inauguration will bring an incoming strength to the US dollar. DXY is showing signs to test 91.5 or potentially 92.6 levels.
BTC has begun the selloff 1/10/21 around 6AM EST.
$10,000 drop to liquidate impulse buyers in the crypto market.
Can dip to...
we have shaken out the 13k waking zone
Shot past the 15k resistance
next target is 17.5k then we should rocket to 19K!!!
23.5k is my market target but we could see a massive drop after 19k peak to 17-15k levels to retest. '
**Biden winning US election can jump start new "digital age" in the USA**
**a WAR will cause an inverse on both XAU and BTC watch...
major weakness in dollar + weary US election uncertainty (runoff guaranteed)
forming higher lows and failing to drop under major support 1840 (triple bottom here)
next 2 weeks can be shaky
bottom wick could form at 1898-92 upon market open*
1940-1970 demand zone to drive price higher
looking to close above 1908 on MONDAY 10/27/2020
Struggling dollar going into a senior citizens election.
Wants to test 93.24 and may possibly rebound to attempt a 94 bullish impulse but shall inevitably fall to 92.60.
(can possibly fall lower to SUB 92)
Early 4th qtr test