The Dollar Currency Index hit a yearly high of 91.6, its highest since the 1st of December 2020. DXY and the Market (Bitcoin included) have a loose inverse relationship to one another. DXY Pump = Market Dump and Vice Versa. Interesting few days coming up to see if the 'Ole Corn' is going to keep moving up or if we are going to breakdown and go lower... Our...
Great news at least in the short term with BTC making higher lows, breaking resistances, and getting back into the lower 50k region. However, we urge caution. The asymmetrical descending triangle was a reversal pattern that lead us to this pump. In the same way, this asymmetrical ascending triangle could cause a corrective dump. Because the triangle patterns...
BTC/USD is finally looking positive for the first time in a week. New month new fresh opens, and lots of bullish news for the general market over the weekend. We broke above the Trendline that we had since the top, retest, and moved up which is great. Now we are testing more local trendlines and key levels. The goal for 100% Bullish is a close above $51,100....
This massive dump as a result of Extreme greed and a "domino" effect of liquidations once they started piling in. And guess what? IT WAS IMMEDIATELY BOUGHT BACK UP! Some exchanges embarrassed themselves and showed they clearly DO NOT have the traffic capabilities to handle massive user surges... Don't believe me? Look at KRAKEN ETH/USD on the 1 second... ABSOLUTE...
Wow this one came out of nowhere and wow are we happy we hold CRO. A 70 Billion CRO token burn means the total circulating supply jumped to 80%! The main Net is on the way and this means they are ready to be 100% DeFi and NFT Ready! Crypto.com just raised the bar
So Yesterday we posted the bullish pennant and it played out beautifully easy money. We are however back inside our upward channel and at the top of it. Everyone is still super long take profits and keep stops tight
Bitcoin is going to the Moon so buy the dips
We broke the 50k ATH level on the Coinbase BTC/USD chart, our "Go-To" as far as charting Corn. That being said we are now back in the Macro upwards channel and back in the lower time frame bullish pennant (flat top trendline, upward angle lower trend line). We are also still making higher lows and holding inside of this bullish pennant. Priority is still...