DXY WATCH PARTY: TIME TO PAY ATTENTION!
Updated
DXY UPDATE // Looks like its at support. All risk markets over extended SPX500 hit my target pretty much (see below), DXY correction overextended, Euro overextended, Gold is up by 16% and BTC 28% in that same time. BTC hits major resistance at 64K and I dont see it being broken without a correction; also check the wave count on my latest BTC chart below. I see a short term reversal for the DXY and smart money is slowly exiting the risk markets into gold and fiat. So when do we know crypto and stock get a correction? When the DXY prints that double bottom (W). Its right at the 0.5 FIB support level. Also look at that confluence with my correction target for BTC; 8% on the last correction from ATH and now with the neckline of inverse hs as a target; (59,5K) also exactly 8%. Too much confluence and too much hyper euphoria; this cant keep going on forever, sorry to kill the bull vibe... I'm alway a bit early and I have slight regret I didnt ride waves today but better that than riding this wave down because esp. in alts it will be fierce. Dropping this here on a low time frame to keep an eye out... Newly arrived retail has no clue.
SHORT / MID TERM:
- DXY: LONG
- GOLD: LONG
- Risk assets: SHORT
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
SHORT / MID TERM:
- DXY: LONG
- GOLD: LONG
- Risk assets: SHORT
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Note
DXY UPDATE: on the moment I post; you see a vector green candle. Profit taking? I wouldnt be suprised to see massive profit taking tomorrow; end of the week. Alt coins might go on a last pump giving market maker the highest possible shorts. Follow the market maker; trade the reversal; as much money to be made on the way down.Note
IMPORTANT UPDATE: for you smart asses in here, what will not happen to us? Getting rekt on a dump! We got this! S&P 500 HIGHEST TARGET: 4200 // current: 4161 // CRASH in 3...2...1... 
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.