Is the DXY in a long term downtrend? DXY Downtrend
The 6 month candle chart suggests we could be in for at least two red quarters which would suggesting positive markets..... which seems contradictory to the current sentiment BUT not the current charts (S&P, NASDAQ,etc).
The weekly chart currently shows the critical resistance at $1.00 and we appear to be heading straight for it.
I genuinely think that given the 10 month SMA turning to the downside will act as resistance and the three tests of the underside support may puncture the resistance and lead to further downside.,
As always there are no guarantee's but the DXY chart in my opinion currently looks bearish long term.
I am currently looking at a time based analyses at the which will follow
Time will tell
PUKA OUT
Dollardeath
Break out into blue sky past historical high, ascending triangleThis is very, very bullish and we'll have the world in FOMO (Fear of missing out). The art in the next few days/weeks/months will be buying on the dips if they happen but we're sitting on a rocket it seems?
We're passing the critical $20K USD level and we'll likely see $25K very, very shortly.
We are crossing bullish on the MACD and histogram is turning green on the daily. Weekly is still overbought so don't expect a shooting star but then again, don't be surprised getting on as Funds, Pensions and ETFs start pouring billions into Bitcoin's limited supply of coins (18.5M circulating, 21M total).
How many people do you know that owns crypto and bitcoin? Ask your friends. Most average joe don't. It's too complex for the average person. Those who own Botcoin don't actually own it, the Exchanges have them in their custody. For trading, Trade on exchanges like Binance which is the #1 crypto exchange in the world, followed by Coinbase? When you Invest long term in Bitcoin, don't do it via an Exchange, hold your own secret/private key in a safe place offline such as a paper wallet (free) or hardware wallets.