DXY is expected to dump but could in fact fuck around for a week (unlikely).
Could metals have one more leg down?
I'd love that. I'd chuckle like a little newborn baby.
I really can't tell here. I'll play both ways.
It has been quite correlated with EURUSD lately and I'm bullish on EU so I guess I'm leaning bullish on silver as well.
But always cool to have the...
This is based on
* a DXY turnaround North on 2nd of Nov.
* a stock market crash
* and that bitcoin will dump with the stock market.
I give this story 1/10 -> very unlikely.
But if you see this and you still haven't been purified from the bull market hysteria in 2017, maybe this can serve as an antidote.
This is still my main hypothesis. But it can change every...
I see this as the most likely path for DXY
1. We need to get down there to pick up liquidity.
2. Going north from where we are would be almost impossible due to very little preliminary demand
3. Extreme volume in selling from this 94.475 top.
4. All tells the story towards DXY will go down, hit that 90.xx liquidity on maybe election day, at that point we'll...
Looking at the daily, it only supports this idea in my opinion.
This is no light re-test which would indicate strength in the market.
Remember that these analyses are all about the probability of the future. And NOT what must happen.
We've seen less and less volume over the last few years.
Now, the sell-offs seen have been more and more violent.
When weakness of buyers becomes more and more prevalent and then now sellers are stepping in, I would not be an investor in the stockmarket.
This is the classic time to go short as we just developed an up-thrust I highly believe. High volume selling...
As soon as demand line is crossed is when I get on high alert and admit that we're in a bear market.
If we make a lower low, then I'm in bear mode.
But why go crazy right now and try to guess these things?
No ticker-tape reader ever did that.
I find CHFJPY in quite an awkward spot at the moment, squeezed and sandwiched. Deciding if it shall go up or down.
There is no clear liquidity to me except the ones below I've marked out.
I'll only take these entries if there is absorption, sellers fade and buyers step in.
The price might also take off north from where it is right now. Wouldn't surprise me.