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Dollar bulls on the rise? (DXY)The American Dollar Index (DXY) appears to be forming a double bottom pattern similar to the one it formed in March 2022. This pattern is considered a bullish chart pattern that indicates a potential trend reversal from a downtrend to an uptrend. A breakout from this pattern could trigger a significant rally in the dollar, possibly up to the 110 price level. However, this bullish outlook for the dollar could have implications for other markets, particularly the crypto and stock markets. Historically, the dollar and these markets have had an inverse relationship, where a strong dollar usually leads to a weaker performance in the crypto and stock markets. Therefore, if the dollar rally materializes, it could lead to end-of-year lows for these markets. Traders and investors should monitor the DXY closely for any breakout signals from the double bottom pattern and adjust their trading strategies accordingly.
TVC:DXYLong
by Blast910
SHORTS TRAP BTC, WATCH OUTDo not fall for the trap of Market makers, BTC short trap will form in the midst of a double bottom before we head up. NO, we should not fall to 26500, I see some YT people saying that but it's fake news, it will be a MM massive fail if we do and could send people into a very dangerous second sell-off due to lack of trust and they do not want that, but that's so highly unlikely. I call for a wavey start to this week and then a moon shot, The longer we stall for a rally bull run, the higher it will go. and we are at the start of a 4-year bull run. Also, big whales are not selling off, they are moving coins into smaller acct: for tax reasons for the upcoming bull run gains. stay focused and God speed.
BITSTAMP:BTCUSDLong
by walkndeadbigfoot
Analysis of the Gold Market 1H TFEIGHTCAP:XAUUSD Hello, let's dive into a simple chart analysis of the gold market and identify future opportunities. Don't hesitate to provide detailed comments or questions. Wishing everyone good luck, trade safely this week and always remember to secure your profits. *Don't forget to fuel up with coffee ladies and gentlemen! :coffee: :peace: --- Please note that these ideas are for informational purposes only and should not be taken as IDEAS . It is important to conduct your own research and make informed decisions before making any trades. ---
EIGHTCAP:XAUUSD
by GDB333
2
Happy New Year!Hello everyone! So the year 2022 has come to an end! Time flies! There were many ups and downs, there is no trend without corrections! The year was not easy, many events affected the market and I tried to help you overcome all market obstacles. We have learned a lot, done a lot, gained experience and are now ready to take on a new fight next year. May all our goals be achieved in 2023, our desires be fulfilled and we will become even better and will not stop improving. May the market always be on our side and profit does not leave us! Happy New Year!
FOREXCOM:XAUUSDLong
by Lingrid
9
NKLA - Is a (dark) Phenix?If we look at the consequent lower maximum price for NASDAQ:NKLA , we can see that the trading pressure is lowering too: indeed, the time between each max-price and the following is increasing. Usually, when this happens means that the traders are liquidating their positions and then not coming back. Considering all the scandals in which this company was involved in, that's quite reasonable. --- BUT --- Will they come back? In my opinion, it depends on the next earnings: EARNING +: If the company will provide proofs of good conduit, reaching the targets and being in line with their schedule, we can see a huge bounce up in the price of the company; EARNING =: If it will release a just below the line results, essentially the bull-bear match will be rescheduled to the next earnings; in this case we will see a price ranging from recent max-min prices; EARNING -: If it won't meet most of the targets, we will see falling the price probably under 4$. However, I believe in the new management, so I prepend for the EARNING + exit; let's go!
NASDAQ:NKLALong
by LoScacciaTopi