Commodity prices are still going, several commodities have gone past all time highs, such as Palladium, Lumber, Steel... And grains are also going up very strongly, Corn hit an 8 year high after 6 years of price stability, and they're all not far from ATH. Corn imports have fallen as buyers are put off by the high prices (they are going against the trend, what if...
Looking for signs of a reversal here soon for the DXY. Structure looks clean, just need price action to confirmation to begin to scale. Good Luck
Once again countries trying to stop bitcoin and creating FUD could be giving us a good chance to go long, trend still is UP and the fundamentals are stronger than ever: Institutions coming into the market and BTC withdrawals at an all time high.
No, the money printer just needs more toner. They have not turned it off. Standing at the current junction, from a monthly chart perspective all is well for continued consolidation around these levels until price is ready to take off. On the daily price is still ranging forming the larger flag, albeit in notoriously choppy fashion. No reason at this point to say...
Update to the original post. Price pushed up more impulsively for the first wave than originally expected, so the pullback down to 1817 should be sufficient to generate fuel for the next push up. Today's intraday fed-induced short-covering seems like a spark for another push.
Could just be a big double bottom consolidation phase before boom boom diggity. We are going to have to buckle up and see what happens. Printing more USD will potentially add more fuel to the fire(Most likely they do a lot more printing). I am no financial pro/advisor just a dude who enjoys drawing lines on charts to see if maybe I can tell the future in my own...
This is not investment advice just the ramblings of an insane trader. I call this a thesis because its been 3 years in the making. Anyway, when it dipped below 4 the second time I became very interested because "utility monopoly", cant go tits up unless broken up by super gavin. So I bought in the red circle. Then sold in the green circle, the blue X is where...