The Bitcoin Bears Return!Traders,
It looks like the bitcoin bears have returned, here's what we need to watch!
Stewdam.us
Dxylong
U.S. Dollar the Bull in a field of Bears - USD longThe U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro,
Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since
then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets.
USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR.
The US will likely be able to avoid a recession and a stronger economy.
So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later.
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DXY - BREAKOUT STORYDOLLAR INDEX has once again giving a breakout from its recent high of 103.600. Recently as highlighted on the charts the breakouts remain successfuly specially after FED Hawkish View.
Will this breakout succeed ?
DXY Chart H4Here is my view for DXY on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY MARKET MAKER BUY MODELDXY looking like its setting up a market maker buy model with the high 103.949, i will be excepting further correction to the downside targeting the fvg sat below SSL 103.160.
From here if we show bullish PA then we can expect another correction on all cross assets.
What's key here is how crypto run while dxy corrects we want to see impulsive PA to the upside offering little retrace
XAUUSD H8With the important fund, today the market determines its trend. The two important level of $ 1830 and $ 1850 have the ability to change the trend in gold. Loss of support of 1830 and trend line can give a drop to the gold market.
👤SecondChanceCrypto
📅04.May .22
⚠️(DYOR)
Thanks for your Likes and Comments
Will DXY break above very important resistance?(long term view)Since 2015, USD Index is trading in two ranges: one between 92 and 100, and the large range boundaries, between 90 and 104.
After a strong and clear break in mid-April of 100 resistance, DXY has accelerated its gains and now is trading exactly under 104 resistance.
If you also look at the daily chart you can see that a small triangle is forming under this resistance, giving us the idea that a break up is imminent.
I expect another 10% rise for DXY to around 115 and only if the index falls back under 100 I will change my very strong bullish outlook for the Dollar
DXY skyrocket soon 120!!!This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
DXY(USD INDEX) SHORTS SHORT TERM 📉📉📉Expecting bearish price action on DXY on a short-term basis as pprice rejected a bearish orderblock on the H1, and shifted the market strucutre on the H1 from bullish into bearish.
From a medium-long term perspective i am still bullish on the DXY.
What do you think ? Comment below.
All hail the USDDXY is bursting through the roof to hit 109-110. With a cash rate hike of 50 basis points in the coming days there is no stopping this or inflation. I believe Risk-on markets are set to cool off for a couple of months and cash in households is going to become tight. Trade against this if you dare ;)
DXY LONGS AND HAWKISH FOMCHey traders, in the coming week we are monitoring DXY for a buying opportunity around 103.1 zone, in the 4 of May we are coming across the FOMC event where we expect USD to gain strength and remains bullish prior to that.
we highly recommend taking a look at DXY in the beginning of every trading week if not everyday, that will help you to spot the direction of USD pairs and trade them more professionally.
trade safe, Joe.
DXY. MARKET REVERSE. BULLS TIME TO WAKE UP.An important indicator of the state of the market is the dollar index. It is from it that we can see the big picture. Is the dollar in demand in the markets? Where is the market heading?
At the moment, we are approaching the zone of a possible market reversal. The price tag is 104-105 points per dollar. Taking into account the fact that several more Fed rate hikes are planned this year, we can slip through this zone and go to the global goal.
The global target for the growth of the dollar index is 112-113 points. From there, I expect strong growth and an outflow of capital into risky assets, as well as a rebound in the stock market.
After working out the targets for growth, I expect a global working out up to 90 points on the dollar, from there a strong correction and red days for the stock and crypto markets.
DXY & Bitcoin Correlation ( $300 Target In 2025 )DXY V/s Bitcoin Correlation :-
TF:- 2W
✨DXY is currently at $103 Level.
✨Multiple Price Rejections are seen from Support & Resistance zones.
✨RSI bearish Divergence is also seen, While RSI is in OverBought levels.
✨Bearishness is expected in DXY by looking at Current Price Action.
✨We need to wait till the confirmation of Price Rejection from the Resistance zone .
✨ If the Price reject then it can go to the levels of $95 , $93 or $90
✨ For Bullishness in DXY = Price needs to give a Breakout of $103 level with Strong Bullish Green Candle and should give closing above it.
✨If DXY gives a Breakout, Then the Price can go up to levels of $115 - $120 or higher.
Conclusion =
= If DXY Breakout Above $103 Mean Bitcoin Super Bearish and Target would be $25000-$30000 Again.
= If Rejection as per the chart then we can see Bullish Mode Continues And Target would be $52800/$100k
Folmula = Y = 1/X
Where Y = DXY
and X = Bitcoin
Thank you for Reading.
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Bear scenario in BitcoinThis is a pretty compelling bear case for Bitcoin right now. Macro head and shoulders on weekly chart. Price could retrace to bottom of the ascending channel. That will be a huge price test. If it fails, we could see a retracement back to the 200 VWAP which happens to coincide with/around the last cycle's prior high. That would be a great are to accumulate more as the price of Bitcoin has historically rallied back quickly to the 200 VWAP. It would also make the chart look a bit more like previous cycles as well.
More importantly though is comparing it to the $DXY chart. This is super interesting as it coincides very well with the current $DXY value within its local symmetrical wedge. If the $DXY breaks out of that wedge, it will likely make a strong run to ~$108.
Not 100% convicted in this but it's curious and is worth keeping an eye on over the next few weeks/months.
DXY Harmonic 04292022The DXY is being attracted to the high timeframe imbalance with a target of 118 to 124 institutional whole levels.
