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J-DXY

Using DXY to Predict Bitcoin 📈 Winter for the EuroHi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. If you're following multiple markets you'll e aware that the Euro trades at a 2-Decade low against the dollar, and that the Dollar Index (DXY) is trading at a 20 year high. Things are about to get much worse for the Euro - winter is coming. Russia recently added to Europe's energy crisis by shutting of key gas taps. With this, there is pressure on the ECB / Europe Central Bank to tighten monetary policy. As noted by Bloomberg, there are expectations for the central bank of Europe to raise rates with 75 basis points as soon as Thursday. This is bearish for the Euro, and bullish for the Dollar, as imports from the US increases over winter time. This is, in short, how I come to my conclusion and expectation of the continued rise of the DXY over the next few months. The only natural target, would be the previous ATH / resistance zone. EURUSD Chart : This brings us to the next topic, the correlation of the DXY to the Bitcoin chart. For this, it's quite simple to use the correlation coefficient technical indicator and too overlap the BTCUSDT chart. By doing so, we realize that there is a mostly inverse relationship between BTC and the DXY. Thus, to state the obvious, if the DXY continues to rise, we can expect the price of BTC to continue to fall. Interestingly enough, there are two confirmations around the $12K price mark for Bitcoin. Thank you for watching, tune in again tomorrow ! _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
TVC:DXYShort
by CryptoCheck-
23
Could today’s NFP confirm the USD breakout? Hello all, welcome to today’s update. Today’s video focuses on the USD index after buyers made another strong move in yesterday’s NY session. In today’s video, we run over the price current price action and trend structure after buyers made a breakout yesterday, clearing 109 resistance that held buyers back during this week. The USD continues its fantastic run in 2022 as Fed policy maintains buyer demand. Price jumped to new 2022 highs yesterday and continues to track nicely on its current fast trend. Attention moves to today’s US employment data, as this could maintain the run or lead to a pullback as traders will be waiting to see if we see another hot payroll figure. The last several releases have beaten expectations and come in hotter, so if we do see this pattern continue, will this be the confirmation for yesterday’s resistance break? We think a lower figure will most likely have a negative effect on the USD index and could cause a failed break. Attention could also be on major risk currencies like the EUR, AUD and GBP as they sold off yesterday, and if we see another push higher on the USD today, this could continue their pain. Tonight’s US employment data will be released at 10:30 pm AEST / 8:30 am ET. Thanks for stopping by to check out our latest analysis. Enjoy the rest of your day and your weekend.
EIGHTCAP:USDX
by Eightcap
Entering the ER months - SPY USOIL WEAT BONDS GOLD DXY BTCSeptember 1 and that fall reversal may be in the air. Looking for a reversal from the falling wedge, but believe me it could easily end up as a false breakout. I'm sure many eyes are on it at this point. If we do rally from here, is it a minor rally? If so, we may set up another, larger, head and shoulders pattern. OIL is at support, Bonds are sucking and probably go into the 120's even if they bounce. Wheat futures / ETF at support as well. Gold needs to hold 1675 level but the Dollar is very strong long term. The USD may pull back here though. BTC is holding up well. Tomorrow at 8:30 is Jobless claims and then ism at 10am, you can watch for economic news on this nice economic calendar us.econoday.com
AMEX:SPYLong
by the_sunship
1
💦 $MSTR filled (most of) the gaps [$BTC's time to get Bullish?]The power of gann fanns, fibs and gap analysis doesn't continues to impress me more and more everyday! Sure, one can't really know what the future holds, and this weekend and 2 next weeks leading into the Jacksonhole FED announcements might spill more blood in the streets, but in my best estimation, it's really time to start getting bullish again! The signs are there that the liquidity bubble is being filled, gap by gap. So if you're not accumulating at these levels, you're definitely making a mistake! What the video for more explanation of my thoughts on what we're seeing in the charts with technical analysis ... what follows is more of a soapbox brain dump than anything. As I predicted last week, we were in for either one of two clear scenarios. A) we fill the gaps up in the $300-350 range left behind in August. Or B) we fill the gaps down in the 200-250 range, which we were opened back in July. It was 50/50 which way we might go at my last estimation, and the market has decided to fill the punish the bull's this month a bit more, and keep the apparent bearing momentum driving home. We still DO HAVE ONE **nasty gap** remaining down in the 100-120 range too, which is a 50% drop from current levels! OMG! Painful to thunk... right? If these gaps do almost always get fill though... mustn't it be accepted and acted upon as fact? sometimes they're filled in a day, sometimes in a month, sometimes in a year. Sometimes in 10 or 20 years... only when we really have a serious depression on hands... eventually! Hard to say... And so maybe we've hit the bottom for now, maybe we're not. But the closer we get, the strong the gap's magnetic pull might be... so... either way, as $MSTR is getting it's ass handed to them now with all the bad news, Michael Saylor lawsuits and more... it feels like maybe we'll get through the $100 gap sooner than later... and $BTC holders will suffer as a result, unfortunately. But tis' life. ACCUMULATE ALL THE WAY DOWN! and BE CAREFUL WITH YOUR LEVERAGE! DCA in and take your profits along the way on the pumps. So where is the signal to get bullish in all this mess? Well. There's only ONE BEARISH GAP LEFT ON THE CHARTS. *Look* at all the gaps left now on the upside!. So we will see scenario B) play out, sooner than later. That's the reason to get bullish, ofc! Anyway, it's the reason I'm getting bullish... since I believe that all gaps will be filled (market makers... make the market, and will move it back to where they've left liquidity on the table...) and i'm accumulating! I'm betting on it that $300-350 get filled. Also that we will see $390, $490, and all the gaps back up to the tippy top around $1200 filled as well. Or is it just coincidence that Blackrock and other massive investment firms have been buying up $MSTR in massive quantities? Are they not just as likely pushing the price back down and scooping up our shares and FUDing us so we sell them ours? (I mean... don't you think!?). Look at the SEC filings; look how many companies now own more than 7% of the public float of $MSTR. Do you really think they're making a losing bet? I don't, they have deep pockets... very deep pockets. What feels like pain to us, is just stacking sats to them. The patient will win. And we all know there *is* a bright future for $BTC. Nothing, fundamentally, nothing has changed in that thesis.... at all. Sorry for such a crappy write up... but my day's coming to an end. Wanted to share my thoughts... hope they at least gave you something to think about, even if you disagree. :) Thanks for reading! Be safe out there!
FTX:CROUSDLong
by calmrat
RSI divergence in EURUSD and USDJPY suggests DXY down, BTCUSD uphi there, fellows. we've shown in previous idea the inverse relationship between DXY and BTCUSDT. the main components of DXY are EUR and JPY. we see an RSI bullish divergence in EURUSD, as well as an RSI bearish divergence on USDJPY. that being true, DXY won't breakout the 109 resistance, thus now will BTCUSDT breakdown the 19k support meanwhile. coupled with the greatest accumulation in BTC history, we expect an upward move in BTCUSDT in the short term, potentially within 21k2, 22k5 range. that does not change the downtrend on BTCUSDT, nor the uptrend on DXY, rather we see it as a short term relieve. best regards.
Long
by greenfield_br
🙀👀💪 Huge moves incoming! [$DXY $CRO $BTC price divergence!]Currently Holding: $CRO LONG Trading targets for the day... LONG distribution (taking profits) in the .1250-.1260 range, with short accumulation in the .1270+ range, expecting still a pull back to .1230 and below in the coming 24-48h. I don't believe the market makers and whales are quite ready to raise asset prices for us small fish... Stop losses are around .1225-.1220 range, with an expectation to begin accumulation shorts in this same area again if we don't reverse in that range and recover .1230 as support. LONG accumulation zone will be .1180-.12 zone, with initial LONG buys at .1208-10, as this does indeed appear to be the current floor price attracting the most accumulation volume as of this week. Very interestingly, $DXY is out of whack today, signaling to me that a change in the direction is upon us. I follow a huge vector candle live in today's video with clear predictions on how the market's will react. Let's see how it plays out! Give me a like if I get it right! ;) Let me know how you see it. And don't forget to check my profile for more links and other interesting tidbits you might find useful. Be safe out there folks! And remember, friends don't let friends trade without stop losses and profit taking!
FTX:CROUSDLong
by calmrat
🥴$CRO Day Trading Plan and Review [$DXY, $BTC move as expected]Current position: LONG $CRO My analysis from yesterday was pretty spot on, even surprisingly to myself! 🤣 Makes me happy either way. The intuition that Gann Fann analysis allows, along with volume profiling and general understanding of market movements after having been trading now for the past 3 years seems to slowly be paying off. The main level's and ranges i'm watching for $CRO are as follows... .1250 - .1265 is 'accumulate shorts' zone .1169 - <= .1180 is accumulate longs; zone Ultimately I anticipate a pull back to the golden pocket around .12175-.1220, sooner or later, before the #Jacksonhole speech. If we don't bouncer there, expect a further pull back into .1160-.1180 range, maybe as far back as .1140, before hitting a decent spot for retracing back upward again once we have whatever news we might have from #JeromPowell and the #FED. If we fail the .1230 level today, expect blood in the streets. We will almost certainly be heading toward the golden pocket around .1220, as mentioned. It would mean we've left the rising wedge structure we've been bouncing around the past week or so, and this usually implies a continuation to the downside. Honestly, I do expect that the next 2 weeks will continue to be bearish and we're likely to see touches within those lower ranges. I don't like it, but it's what i'm seeing in the charts. There's a ton of support in the charts around .1169 -.1180 though, so at least there's that. It's where i'm looking to accumulate a larger long position again. With only smaller trades here and there along the way as we process the daily volatility before the month closes tomorrow end of day. Good luck everyone! Watch the video's for more. Check my profile 👇🏼👇🏼👇🏼 for other information, and don't forget to let me know what you think with a like and subscribe! Be safe out there and do your own research too, ofc. Seeeee ya!
FTX:CROUSDLong
by calmrat
👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at? The market seems to expect more dovish announcements during the upcoming Jacksonhole FED event; my take based on Chair Powell's speech in June is that we could indeed expect rather a 100bp hike (very hawkish) or at least 75bp, again like last time. The doves are hoping for a 50bp hike. If we get 50bp, does it feel like the market will be ready for a rally? I stopped out of the majority of my $cro short around .13. Looking to add more back in some more if we dump through the .1285 - .13 range and retrace back to these levels. I expect 20750 to be an important stopping point for BTC and opportunity for quick long scalp for a few points if the dumpiness continues during the EU trading session, as I would expect the US brinks to put a little long pressure on before it shows it's true intention for the day to either continue the $dxy dump and move into longing other asset prices, or to reverse and really dump the markets at market open. Summary, SHORT. My analysis still isn't solid and clear; but i'm hoping you're following along and interested anyway. Comments, suggestions, questions welcome! GL out there!
FTX:CROUSDShort
by calmrat
ARIASWAVE MARKET UPDATE - It's Never All About One Chart.In this video I give you a rough outline as to what I believe is going on in the economy in general. There is obviously not enough time to go into all of the small details for every chart. It's more about understanding that the confluence on each chart leads to the overall view. That view is that we are heading into a very important time for the long term pattern for each chart. In summary it appears as though we have only just entered a bear market that will last years. My observation is that the more a corrective pattern expands the more it needs to correct. Corrections can be very deep and in some cases up to 100% over long periods of time. There is no set rule for how deep corrections retrace or for how long. The probability that you will give back any profits you make without proper knowledge of the waves is extremely high. Understanding how the waves operate means understanding that each wave component has very specific and unmistakable characteristics. An extremely strong US Dollar means that everything else will fall in value relative to it. What I mean by extremely strong it is that the US Dollar is in an impulsive 5-Wave move to the upside. Whether that be a Wave (C), 1, 3 or 5. If you have no idea which one then you must use the rules and process of elimination. I am not talking about the corrective portion of it like we have seen in the years between 1985 and 2021. But instead what we are seeing right now. If you do not know how to go through the process of elimination it is simply because you do not understand wave components or what to eliminate during that process. There are 4 stages of competence, I encourage you to rate yourself according to this model in order to gauge your understanding of the waves. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
TVC:DXY
by AriasWave
4
Distribution signals flash at EU Open [$CRO, $MSTR, $BTC]EU Open today bring more sideways action for us all. +-1-2% moves over night, nothing much, all things considering. The market has clearly tightened it's range for the past 2 days, anyway. Volatility is still expected, as we remain sandwhiched between two massive gappers on either side of $MSTR current levels in the $210-235 $300-325. $DXY continues to show strength, but given the double top, it's possible for a short-term reversal, if not a all out dump in September when the Jacksonhole rate hike announcements are made. Stay tuned! My custom Accumulation / Distribution scripts are warning that the market is likely over heated (on the 15m scale), which aligns with the fact that BTC also rejected it's approach to the golen pocket formed from the most recent dump. All this is to say, i'm still holding only my $CRO short position for the time being. Last night my take-profit limits only managed to cover 25% of my open position as I slept, when Asia brought us down into the .126 range before retracing back to current levels as EU opened. With only 4% gains at the moment, it's nothing to write home about, but i'll be looking for good opporutnities to accumulate more shorts, as my overall thesis remains about the same as it was yesterday. Lots of resistence around the .13 levels for $CRO. And lots of resistence for BTC at 21450-21500 (golden pocket). Same like 282-285 for $MSTR. Watch the $DXY! If it continues to rise quickly, expect asset prices to further collapse!
NASDAQ:MSTRShort
by calmrat
DXY importance to current setups!Just a bit of a reminder to always cover risk and never forget market structure. This is why I have already taken some profit on AUDUSD as the US dollar is still on a bull run in the longer time frame.. been a forex trader is about creating the best opportunities and limiting the amount of risk, this is why I believe the way I trade and analyse the market works so well for me because I understand that the market has a mind of its own and you have to treat it like that!!
TVC:DXY
by jamison_fx
$MSTR Lines of Liquidity [$CRO short in action, $DXY pump]I'm still working out how trading view recording works, and it seems the upload failed, so i'm not sure exactly what will be connected to this post, but let's see.... $MSTR opened strong today on the back of a slightly higher $BTC since yesterday's US market close. My hypothesis remains that volatility will be the name of the game in the coming days, as we are sandwhiched between two pre-market gaps. One from last Thu-Fri session at 300-325, which was nearly 5%, and multiple smaller ones down near 210-230. The shorter term gaps are more likely to be filled in the coming hours/days than the longer term-ones which have already failed to fill. But they'll all be filled, which means we can expect a range of at least 210-300 or 30+% moves in the coming days/weeks while we wait for summer to end and the US FED to announce it's highly anticipated rate hikes - estimated to be between 50bp and 100bp, depending on the inflation CPI numbers and other factors. I'm active in a CRO trade, accumulating with anticipation for a move to the downside. I'm shorting through .125 - .129, with a stop loss set at .13. Looking to cover at ~.12 And I'm slowing distributing my open MSTR trade between 280-300. The $DXY continues to pump, while $BTC remains relatively flat, which in my book indicates a divergence worthy of our close attention and a surprise up someone's sleeve. Who's playing games out there, who is it, really!?
INDEX:BTCUSDShort
by calmrat
TA Update - No Livestream Today- BTC, ETH, DXY, SPX, NDXLittle bit of a video update since we couldn't do a stream today Normie markets are retracing hard as Crypto is sideways building liquidity to the upside and downside. A bit of a no trade zone for me unless you're looking to short the local resistance and long the support. Downside continuation is expected however, I would still like to see a bit more of a bounce to retest levels that we dumped through quite hard. Back tomorrow at 13.15 UTC for a Live Stream
Short
by TrendmasterOfficial