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USD trade ideas

USD: Not a Climax topUSD just experienced an extremely high volume reversal with many calling this a "climax top". This is in no way a climax top. A climax top is a major topping formation after a parabolic advance. At the final stages of this parabolic advance, euphoric action to the upside is your signal of the final stages of this advance. Yes we had a high volume reversal on this candle, but was their any euphoric buying action before this bar? No. This is an extension shakeout, which essentially is a short term capitulation bar. Two things usually happen after this kind of candle, volume dry up into the 10 or 20 day avg, and then upside continuation, or general consolidating action without too much of a direction. A climax top will occur eventually, just not yet. Take SMCI for example. Many were quick to call it a climax top, but it quickly rebounded at the 10 day line as volume dried up and price set up for new highs. Parabolic, euphoric action on high volume to the upside will be your signs of a climax top.
AMEX:USD
by jjmatsjr
USD/BTC | EVERY BTC TOP AND BOTTOM IS HEREI ve been experimenting with charts for 2 years now to find the right chart to do my BTC buying. What a surprise when I found the USD/BTC chart which, in my opinion, removes all the noise from the BTCUSD charts. What you are looking for when spot accumulating BTC is to have the wind blow from your back. that ignites the bullrun. In other words, when USDBTC is rising that when a short or deep correction occurs. When it is falling, BTC is primed for a rise. This weekly USD/BTC chart may be found just by typing USD/BTC in trading view and hit enter. No need to find the correct one from the list. You may have noticed by now, that trading view can also generate charts using math, ie combining charts together. BTC/M2 is another useful one, showing BTC Vs the Money Supply M2. All other charts imo simply create noise caused by leverage, market makers and temporary effects of news. So, assuming that the BTC will ever be stronger than the USD (infinite USD printing vs fixed BTC supply), we may conclude that USD/BTC will break market structures to the downside every chance it gets. This weekly chart shows that. The circled points is every time USD/BTC tops, the purple graph is BTC price going back in 2015 (further back is not useful as it provides week structure). If one bought on these tops, together with the Stochastic RSI topping on the indicator below, its been an excellent buy!! At the moment, USDBTC stands on the lower end of this rising wedge and seems to be breaking it. Confirmation will come in 2 days time when weekly candle closes. I expect a small continuation to the downside, to strongly confirm the break and I wait for the retest of the wedge up. The Retest and Stoch RSI toping is my signal to go all in. Timing is irrelevant, could be in Oct 22 or Nov 22. Bear in mind, these are weekly candles. Also note that around 19800 is where the 5 year MA for BTC is sitting. That's supposedly BTC fair price over the past 5 years, which is always a good opportunity to buy. Assuming no World War 3 is about to start, this may be a very solid buy.
AMEX:USDLong
by Kon-v
2