kalvitethehodler

kalvitethehodler Updated 

Seemingly the dollar was much weaker when BTC was created. What will happen with the raising of rates and reduction in bond purchases? It will stocks but what about crypto

kalvitethehodler

look at the bitstamp chart, look at the dxy. April 2014-jun 2015 dxy pumped hard from lows and btc bubble popped. The legacy trend line has held support and i am bull above it. I think dxy will break down to where it was two or three months ago at least

kalvitethehodler

Why has btc been moving up with stocks and BTC the past year. Will we see some explosive breakout in dxy and btc probably. My question is if the dollar crashes will btc even moon, or if they breakout will they be opposite direction as you would expect.

kalvitethehodler

Yearly wedge may cause an end to the dollars rally. Interesting to compare this to stocks and crypto rally over the past year

kalvitethehodler

We are ready to push resistance or test support. A couple thousand dollars higher and I think a push toward 70k cant be denied

kalvitethehodler

I think DXY will spike and cause BTC to crash. We could push higher from here but it would be very blown out, getting a nice sell of and RSI reset is better

kalvitethehodler

are yall bullish? at first glance i am not. Both BTC and ETH are facing the macro ascending wedge which could send us down so far

kalvitethehodler

After a nice pump I think this is the structure we are in. Hard to not go full bull and soon

kalvitethehodler

It looks like BTC has broken out of the descending wedge and is now in a new ascending wedge. I do think when we get the breakout from this formation it will determine bitcoins big macro move. If we get that breakout from the descending wedge it should take the price to about 70k. I would imagine then the resistance from the ascending wedge will be support and BTC...

kalvitethehodler

I still think it could make a move towards 64k from here.

kalvitethehodler

As long as we hold that resistance flip support I don't see how this does not continue higher in the short term. If we fall back into the wedge and below it then it can go bear fast I think. Lets see if it can get back to the devils number

kalvitethehodler

More consolidation into the wedge and a bullish breakout? I think this is very possible

kalvitethehodler

target 69420? Or is this just a fakeout before further consildation?

kalvitethehodler

waiting for the breakout of this ascending wedge... for all the marbles. Or will we some manipulated breakout and fake out I dont know

kalvitethehodler

Just something I saw while I was looking at the SHS. Either way i think btc has a good chance of finding support and breaking out of this macro wedge bullish.

kalvitethehodler

I think btc will trade lower from here. Unless it can break 60k again this looks like perfect resistance and retest for the SHS breakout

kalvitethehodler

Rocket from here or test 50k support? Can btc even break bullish? When are you buying and when are you selling? What is BTC fate

kalvitethehodler

Because of the wedge, it has the potential but low probability of breaking that perfect support trend flip resistance trend line. It can continue up and giga nuke shorts more, but wedge could still break down. And that would be bad...