DXY - Feds Gone Louco ModeFeds keep printing MOARE of that junk currency we call USD, Los Saudis ain't playing ball no more, they are refusing orders from the yankees if they ever announce a switch to another currency let's say like hmmmmm ze Chinese yuan? or Bitcoin? Then that will be the day the yankee dollar will be going Kansas Bye Bye!
DXY seems to be setting up for a monthly bearish divergence, u know wut happens next right? right?
- Monthly MACD (Bullish)
- Monthly Pekipek's Divergence BETA (Bullish)
- Monthly RSI (Bullish)
- Monthly Stochastic RSI (Bullish)
- Monthly Cipher (Bearish)
- Monthly OBV (OBV gone AWOL)
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Shorttheponzi
The Infamous BTC Bulls Prepare to Test Bear's Strength @ $41.9KSmall charts under 1D have been extremely choppy which has made for a ton of liquidations on both sides of the market. I myself included.
Thank heavens for risk management and stop losses.
Zooming out to the 1D chart, we can see a much clear picture and pattern at play.
The previous Leading Diagonal formation which I was expecting to play out, unfortunately has already occurred without my notice.
Being that Wave 4/1 jumped into the area of Wave 1/1's price zone.
Now that we're beyond the completion of Wave 5, we can expect the price to retest the very tip-top of Wave 1/1 (near $41.9K)
This is essentially do or die for Bitcoin Bears (and Bulls alike; without $42K - the great reset is still possible).
The current zig zag levels also point toward the $41.7K price tag.
With A = $9641 in price, we can expect corrective Wave C to be near equality.
Looking forward to seeing how this pans out. Still confident in the Big Bear :)