BTC, GOLD, DXY & S&P comparison - Who won yesterdayI have not posted this chart for a while.
For me, I find it an excellent way of looking at the general Market sentiment.
And I see determination to NOT fail.
And interestingly, It is the $ that won out yesterday ( Monday 7 April 2025 )
The charts are 4 hour.
The DXY got a Boost as other currencies fell in value against the $, so making the $ the winner.
Also interesting to see how the British £ continued to dive against the Euro, despite the lower Tariff %
But today,. Tuesday 8 April, we see the DXY is Dropping steeply as other currencies pick each other up. Going to be interesting to see how this plays out this week.
The 2nd strongest was BITCOIN with a Solid but cautious recovery.
Again, today we are seeing a pause as PA comes up under resistance.
However, the MACD is in such good shape now and the Histogram currently showing a softening of the Bear with a white candle...
This is the weekly MACD chart
We are still in early week, so we need to watch this
On the 4 hour, MACD has bounced off the OVERSOLD line and has a LOT of room to move higher, and the ability to do so. BTC PA is now like a coiled Srping...
GOLD was a surprising Looser with sharp drops and a slow sluggish recovery.
The MArket Cap on Gold is HUGE and so moving PA is tough but for me, just the fact that the "safe Haven" has been selling off shows us all that Gold is exhausted after its recent, slow, methosical rise to ATH. It is Overbought, as IIIIIIIII mentioned in a previous post when compared to BTC.
As we can see, Gold is currently Under a line of Local resistance that could prove strong enough to reject it again. We need to watch this and if it sells off, find out where the Money is going.
S&P500, like many marketd, eventually began recovering but Slowly.
The Biggest Losers and still to show recovery are London and European.
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The chart is the London stock excahnge 4 hour. As you can see, a recovery was attempted but so far has failed. The Europeon is slightly better.
Over All, Trumps plan is working, Boosting the $ internationally against foreign currencies and Bitcoin has picked up the real money. We have yet to see the full results and things can change quickly.
To many extents, this is good timing as to upset the worlds Economies ( when gauged against he $) in Spring allows foer the dust to settle before Summer sets in and the Markets settle for the Sumer holidays ( in the northern hemisphere )
Interesting days ahead
