This is my long term (monthly) technical analysis of the DXY. I use four methods being basic price action/chart patterns, channel lines and patterns, fib. retracement levels and the RSI. We then discuss possible scenarios. For the purpose of this analysis I will refer to the Index as a "price" for consistency. This analysis is for educational purposes only and not...
After the 2020 dump and recovery to new all time highs in Nov 2021, price could move sideways/down for some time e.g. until late 2024/early 2025, until a new uptrend. This is if it fails to push past $110 to new all time highs in the short term, in a scenario similar to 2008-2009. Key levels are around 110.19, 93.60, 77, 60.42 such that: 1) Above 110.19 and...
I thought I would do a simple analysis of the "bitty coin", as it looks ready to take over the world as the reserve currency and number 1 store of value once it can achieve a market cap more than Apple's (lol). This is not financial advice, you should form your own opinions and decisions. I will use round numbers for convenience (precision matters little anyway...
Recent pumps puts the RSI in the overbought region, some room to move higher to touch Fib extension level 2.54, but should come back to reality at some time, at least retesting the previous high 0.97 level.