Higher yields may cause a bigger correction on DXY, as yields can be still looking for wave 5 by Elliott wave theory. Yields higher, USD strong, stocks down. Risk-off flows may not be over just yet if yields are in fifth wave. However, when yields will make new high and then top after 5th, thats when DXY can complete B/2 rally, with a lower high, when focus will...
AMEX:JNK is an ETF that tracks rated high-yield bonds or "junk bonds". These are the bonds rated Ba1 & BB+ by Moody's Investors Service, Inc., & Fitch Inc. respectively. The bullish divergence with the ROC is pointing out that a bottom is near. Bonds bottoming is a good sign for the market and breakout to the upside should confirm a healthy uptrend for...
Price has pulled back today & reached the previous lower high of the downtrend, along with the 50 fibonacci retracement & is at the previous structure support zone now turned into potential resistance. From this region here, I am looking for signs of a bearish reversal for price to resume the Current downtrend for a lower low into the key area of support
Dollar and EM markets. A non Brainer with 1:1 correlation. The DXY (black line) is inverted to show the coorelation with EM. Strenthening Dollar means weaker EM and vice versa. Soince with rate ris eback inti the limelight, the DXY should rally an dEM would be under pressure. The weakness of Chines Equity markets which makes up 31% of MSCI EM would also be a factor.
Price has reached a key area of previous structure now retested as new support rejecting off the previous higher low of the current uptrend. There are also 2 alignments of fibonacci in this key region, & this upcoming week I am anticipating for price to resume the uptrend for a higher high into the key trend line resistance above, which aligns with major...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on USDT.D to feel the overall crypto market. 📚 And today I want to show the correlation between BTC and USDT.D 📌 BTC has been stuck inside a range in the shape of a flat rising broadening wedge (in red) BTC is currently approaching the lower bound / red...
The BTC and SPX correlation has been going on for a while. I have been spending time on studying BTC correlations as the market classification of BTC seems to keep changing, as of lately it seems that it is shifting from a risk-class asset to a store-of-value asset "this shift will probably take some more time", the reasoning here is that populations from emerging...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my trading plan / routine, I update my charts and alerts every Sunday night to be ready for the upcoming week. Tonight, while going over all the charts, I noticed that these there assets / tokens are forming similar price action. LINK - DYDX - SUSHI || Weekly...
Looking sell from here aligned to a duplicate tl. Also, we have the D100EMA. Considering market sentiment as well as Nikkei alignment at the tl. SP500 is approaching a level of interest for me for a sell after its recent over extension. With this alignment occurring, this zone is a hot spot for a sell for me in GBPJY. A modest downside target is expected when all...
Crude oil prices in most of the world's physical markets have started the year with a rally, as China has shown signs of buying more, and traders fear sanctions against Russia could tighten supplies. Early indications show there has been an increase in activity, which means oil demand will increase. The EU and G7 coalition will cap the prices of Russian products...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on USDT.D to feel the overall crypto market. 📚 And today I wanted to show the correlation between BTC and USDT.D - Last week, BTC broke above the last major high in orange and blue 19k resistance, while USDT.D broke the last major low and 8% support. -...
I think I made up that word Correlationship but it sounds good. As I always mention about correlations. They are only as good as the amount of data and current time position that occurs. They correlate until they don't. They inverse eventually. And that's because the economics of currencies are so complex with with exposure of the currencies, compared to the...
26000 mqo demand divergence indices long dollar weakness
Liquidity issues continue and long-term holders are still selling in losses. While many on-chain cycle indicators (eg. realized price) are showing BTC is in the cyclical bottom, on-chain recovering signs are missing. The yield curve has inverted (the interest rate spread between the 10-year Treasury note and the 3-month Treasury bill). With such inversion...
📝Definitions According to IntoTheBlock , we can classify bitcoin addresses by the amount of time they have held their investments. The classification is done by looking at the weighted average time an address has been holding, split into three groups: 🧑🦳Hodlers — Addresses that have been holding for over one year. These are seen as long-term...
A clean trade on US Dollar vs Japanese Yen was taken on December 5th and here is it's full breakdown: We see an example of Drop-Base-Drop market movement. We took a Base of this movement as an Supply zone and went into shorts with the goal at the local low, because: 1) Fibo discount level (0.62) 2) Clean supply zone 3) Correlator DXY was showing short signal...
A little adjustment to gold, we have seen a nice correction from latest weekly resistance test down to previous weekly resistance (now support) confluence zone sits on our 1780 handle, whole number price, with weekly and hourly s/r. Healthy 50-618 correction from recent bullish breakout. Lets see where this H1 closes.
This is how I use the markets' different points to confirm the trades that I usually take