Since we have G20 and the OPEC meeting next week, I wanted to take look at the dollar during the last 10 G20 summits. The dollar's strength during this time could shed some light on those of us who trade the majors.
Hi friends, pay close attention and check
1) Link G20 letter - There will be regulation. Do not believe the fake up news you're not going to, because that was the way the whales unloaded more before a deeper fall.
www.fsb.org
2) Crossing the averages in the weekly chart, which has not happened since 2015.
3) Loss of LTA
Protect your capital, I want you to stop...
Looking at BTC on the 4hr we can see that we are still within short term (white dashed) and long term (bold pink) trend lines. We are also facing a combination of resistance on the way up in the form of the longer term trend lines and the EMA50. Until we close above this price point in the $8400-8600 range it doesn't seem we can guarantee a reversal.
On the other...
If Ethereum breaks the current support at $465, it could fall to $300 where there is strong support.
RSI is oversold on the daily. However, it doesn't look like it is even trying to get back up.
The G20 summit hype is really affecting the price of all cryptos. Ethereum held it's price last time BTC crashed to $6k but this time, it looks like ETH has taken a...
