With price now hitting previous resistance at 1.0940, we may now start to see a correction in the market after the latest 500+ pip move from the bulls. Watch for a change of cycle on smaller time frames.
Targets @ 150 & 151 (TP) - 1.5bn @ 145.25 - Scaled in already at the Asian Open
The U.S. House of Representatives voted 292-132 to overturn an IRS rule requiring crypto platforms, including decentralized finance (DeFi) entities, to collect and report taxpayer and transaction data. The resolution, backed by a bipartisan majority, mirrors a similar move by the Senate last week. Missouri Republican Jason Smith argued that the rule could “harm U.S. […]
In a strong downtrend. Every pullback on the 4hr and Daily chart will be hyped by the bulls & super cycle evangelists as a "WE'RE BACK" moment. I will continue to take this same setup, selling Major swing highs on 4HR & Daily chart on BTC until the Daily Chart flips bullish. Until then or some news come out, we will remain in the downtrend until we hit the target shown in my last analysis, see link below. https://www.tradingview.com/chart/BTCUSDT/mPE7L9KI-Welcome-To-The-Long-Awaited-BTC-Bear-Market/
Take a look at this idea. My lines are very precise hewre.
probably indicates a possible reversal during an uptrend it's only and a idea it's not a obligation to invest Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
It can be seen that DXY is bullish in long term as President Trump initiates trade wars with other countries. This will pave way for a strong pump for the DXY soon. This will further weaken the currencies that are pegged to the US dollar..
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This is so interesting, I had to share! Not in every correction I can find a strong convergence of trendlines. Eg in I couldn't find any convergence in March 2020 correction except for the standard horizontal price support. Pinch me in the comments if you think I am dreaming and wake me up
Yh, I know you guys focus on the major pairs but I think this pair too is ready to move up. Dont joke with it. This will also set the stage for USDCAD to fall. If you're seeing this too, short USDCAD, I will post charts soon