US Dollar IndexShort
DXY - Bearish reversal #Altseason
Dollar strength index - forming a bearish wedge. Volume increasing sell pressure but not quite enough to confirm a bearish move! market's opening tomorrow will be the decider.
- expecting another leg down for the dollar, although we have Fomc coming up 26th july.
- 12th july CPI
- room to reach the bottom of this wedge before the fed fear begins.
- if the fed pause's again i would expect this bearish wedge to play out.
* Bullish for asset's.
*Bullish for stocks.
*possibly bullish for metals too, likely be weakens from the equity's strength.
*Altseason is forming, volatility in BTC/ETH should pump liquidity into the Altcoin's
interesting times! Altcoins are defiantly in need of some liquidity.
*Attached a link below - my thoughts on the Altseason.
leave your thoughts below.
- expecting another leg down for the dollar, although we have Fomc coming up 26th july.
- 12th july CPI
- room to reach the bottom of this wedge before the fed fear begins.
- if the fed pause's again i would expect this bearish wedge to play out.
* Bullish for asset's.
*Bullish for stocks.
*possibly bullish for metals too, likely be weakens from the equity's strength.
*Altseason is forming, volatility in BTC/ETH should pump liquidity into the Altcoin's
interesting times! Altcoins are defiantly in need of some liquidity.
*Attached a link below - my thoughts on the Altseason.
leave your thoughts below.
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