I'm always going to take the contrary position to the herd, especially if it would be obvious in hindsight.
Both SPX and BTC are stopped at the upper end of a channel. DXY is plausibly in a reversal zone, and UVXY is forming an inverse H&S.
EVERYTHING REST ON WHETHER OR NOT DXY CONTINUES DOWN, OR REVERSE BACK UP. With that said, think about the global economic meltdown we're in the beginning of. Do you think the dollar is going to be more or less needed. Have you felt the greed? Have you not felt anxious to chase the gains everyone else is getting? This is dangerous.
Both SPX and BTC are stopped at the upper end of a channel. DXY is plausibly in a reversal zone, and UVXY is forming an inverse H&S.
EVERYTHING REST ON WHETHER OR NOT DXY CONTINUES DOWN, OR REVERSE BACK UP. With that said, think about the global economic meltdown we're in the beginning of. Do you think the dollar is going to be more or less needed. Have you felt the greed? Have you not felt anxious to chase the gains everyone else is getting? This is dangerous.
Note
DXY idea
Note
BTC idea
Note
Looking at UVXY
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.