Crypto Trades
S&P500 at 3811 support but doesn't look strong. 3760 is waiting below. Bitcoin will surely follow if SPX does that second leg down. @CryptoTrades #SP500 #Stocks
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 per month, so the market will surely feel the pain. And risk assets like crypto especially.
Dollar Index raising in anticipation of what I wrote above. Current chart already look like consolidation within bull flag since June 14th, so when it breakout reaching ~110 will be a matter of time. Not long, couple of weeks maximum.
@CryptoTrades #DXY #SP500 #StocksDollar Index
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 per month, so the market will surely feel the pain. And risk assets like crypto especially.
Dollar Index raising in anticipation of what I wrote above. Current chart already look like consolidation within bull flag since June 14th, so when it breakout reaching ~110 will be a matter of time. Not long, couple of weeks maximum.
@CryptoTrades #DXY #SP500 #StocksDollar Index