Crypto Trades
Global market review. Really not clear situation today. I suggest to hold away from trading. S&P500 at 3763 support and bounce is possible, but globally its in downtrend. Plus keep in mind that FEDs soon start dropping the balance sheet by about $50 billion…
Global market review.
Dollar Index growing to re-test 106.57 (December 2002 open) and up to 107.31 (Dec'02 high). If break above next will be 109.77 (Sep'02 high). Obviously while DXY is growing its hard for the other assets to compete. Especially risky like crypto. So hold your shorts till it get to the nearest SR zone at least.
@CryptoTrades #DXY #DollarIndex
Dollar Index growing to re-test 106.57 (December 2002 open) and up to 107.31 (Dec'02 high). If break above next will be 109.77 (Sep'02 high). Obviously while DXY is growing its hard for the other assets to compete. Especially risky like crypto. So hold your shorts till it get to the nearest SR zone at least.
@CryptoTrades #DXY #DollarIndex
Crypto Trades
Global market review. Dollar Index growing to re-test 106.57 (December 2002 open) and up to 107.31 (Dec'02 high). If break above next will be 109.77 (Sep'02 high). Obviously while DXY is growing its hard for the other assets to compete. Especially risky like…
Dollar Index bouncing from 106.57 SR and potentially target 107.31 - all these levels were targets in previous DXY review and as you can see now acted as SR in past price action.
If DXY get rejected there, that will be the bottom for the dips. If breakout - probably correction for BTC/ETH will start.
@CryptoTrades #DXY #DollarIndex
If DXY get rejected there, that will be the bottom for the dips. If breakout - probably correction for BTC/ETH will start.
@CryptoTrades #DXY #DollarIndex