As DXY seems to have possibly found bottom coming into this weeks trading session. We can can start to see the correlation between its price and bitcoin or entire crypto market actually. Created short opportunities for a low lev short with tight stop loss as we possibly swing down to close some gaps on Bitcoin. Keep s/l tight on your crypto shorts bc we have the...
As buying volume seems to be decreasing, and as we start to fall onto support down price. This could open us up to a potential double bottom scenario from dec 27th price action. With ichimoku showing us a red twist on the 3hr and wider resistance on the 4 hour it seems to be pressing that direction. That plan obviously could be shot off course with some buying...
Starting to show signs of happiness in the market usually meant a decent drop. I think sentiment and the correlation here has the potential to put us in the high 4400's. If those are met I can see a push to the 4900 range. Ichimoke looks to have a set up for a bullish tk cross, but we will see soon. Send it Lets Go!