dibz1996

DXY - Bearish reversal #Altseason

Short
CAPITALCOM:DXY   US Dollar Index
Dollar strength index - forming a bearish wedge. Volume increasing sell pressure but not quite enough to confirm a bearish move! market's opening tomorrow will be the decider.
- expecting another leg down for the dollar, although we have Fomc coming up 26th july.
- 12th july CPI
- room to reach the bottom of this wedge before the fed fear begins.
- if the fed pause's again i would expect this bearish wedge to play out.
* Bullish for asset's.
*Bullish for stocks.
*possibly bullish for metals too, likely be weakens from the equity's strength.
*Altseason is forming, volatility in BTC/ETH should pump liquidity into the Altcoin's
interesting times! Altcoins are defiantly in need of some liquidity.
*Attached a link below - my thoughts on the Altseason.

leave your thoughts below.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.