TIL that the M2 money supply index is actually a pretty reliable indicator for predicting Bitcoin's trend! By offsetting the index by 70-75 days, it's crazy how well it correlates with BTC's price. According to the analysis, it looks like we're in for a 13-day consolidation period starting from October 2nd, followed by another rally. And get this - this rally is...
Price will seek sell-side liquidity and then reverse to fill in the fair value gap created last Friday. Afterwards we might see it reverse after moving towards the marked bearish order blocker, since it is bearish on the daily timeframe. #ICT #DXY.
DXY will most likely retrace down towards the M15 Bullish Order Block before expanding upwards.
I will be looking forward to going long on Gold when it touches the orange trendline or the red trendline as it seems that it is trading in a channel.
From my analysis, the pair is in a weak uptrend and it is likely that the lower line on the standard pitchfork will act as a line of resistance. Any new ideas or corrections on my analysis is warmly welcome!