As we are approaching the closing of weekly candle, BTC had a 10-15% sell off 4 hours earlier, effectively shows that the break out earlier this week has failed.
With halving approaching in less than 48 hours time, it seems likely Bitcoin will remain not go beyond $10K anytime soon.
I predict another round of sell-off post halving as traders take profit.
DXY broke through multi-decade wedge pattern briefly in March 2020 ($103), before taping down artificially due to Fed Reserve's strong monetary actions (Repo + Dollar Swap + Unlimited QE).
It would be interesting to see if Fed Reserve can counter the global market forces single handedly. Assuming dollars flow to US companies, it would be hard for it to flow to...
30 Apr - BTC failed to break long term trend line at $9500, hit $9450 abruptly before falling back to $8000 range.
We are in the midst of COVID19 pandemic, and right now we are in the 'hope' phase as Europe and US are reopening up their economies. In the earlier phase of this pandemic, there was a liquidity crisis and all asset classes were sold in urgent bid to...
