Made this idea in June, should of published it. I think DXY sinks into the feds next easing cycle into 2025. Should find support around 90. This also aligns with the Yen carry trade as Japan is forced to sell US debt, The US has to buy the debt by printing money aka DXY debasement.
This is not a trade! I only buy and hold. Anyways, I think we are in for a ride soon but don't expect anything big until after the halving in april. Unless there is a catalyst I think we chop around these levels until summer months. Price targets? Anyhere from 2x to 10x in the next couple years. Zoom out. You will not outperform this bullmarket buy trying to out...
Eth looking very strong hopefully we get another bounce on the 14day rsi similar to 2017, if so we could have a green january and indicating this is not the end of the bull run.
Bitcoin is looking to close this week holding the 50wma. We have yet to close under the 50w indacator and have bounced off a few times but have not broket it yet this bullrun. Doing so, the bulls could possibly lose control but until then this bullrun remains intact.
Zoom out, look at the bigger picture before you turn bearish. Is ascending triangle a bullsih pattern? If we close a weekly candle confirming the break of this pattern to the downside then that is my signal to close my long position. Stay calm yall
Eth still looking very similar to previous bull run breaking out of ascending triangle but not before coming back down to retest, which is what we see going on here.
This is the trendline we all are watching it also lines up pretty close to the 50 week MA. if we close the week under either of these that would give us a bearish sentiment, so far still bullish.
I still remain bullish until we break important supprt levels. So far price is looking a lot like it did in 2017 just before going parabolic and ending with a blow off top on Dec 17th. I am not predicting the date or price at which I think bitcoin will reach, I am simply showing the similarities between the two cycles.
This is as far as my TA goes with the snp500. What the Fed has done in the past year is irreversible and they will do what ever they can in their power to keep these stocks making new all time highs. To the moon.
Nov 1st 2017 retest off previous ath and then a parabolic move in the span of two months which resulted in a blow off top. If Eth did the same thing in these next two months, that puts price at almost 20k. Will we see a blow off top in coming months? I think its still possible.
