AdvancedPaperTrading

AdvancedPaperTrading

This is a massive big picture view. It shows the complete market action since the conception of DXY. About 36 years worth! During this time, a relatively well defined level of support and resistance has been laid out and we are currently about 4% away from resistance. Last time we tested resistance was in 2020, starting in March, and spent a couple months breaking...

AdvancedPaperTrading

On Jan 5th 2022 we broke below the main support diagonal. The last time we broke below this support was on July 17th 2021 but in just 2 days the price recovered back above the line. But this time, we remained below for several days (about 1 week) and it is now slightly above the support line. This drawing is only to show where we are at on a bigger time frame...

AdvancedPaperTrading

I zoomed out so we can clearly see the entire bull run so far which roughly started in mid September 2020, when Bitcoin was at $10k USD. I then added support (yellow trendline) and orange for the resistance. Market seems to be respecting the lower trendline more, considering the price does not break below it for longer than aabout a day, and it only broke below...