Never mind the fastest rate hikes in DxY history with more to come..
Never mind FEDs literally telling us 2% or bust, and while everyone has said they will stop raising rates, FEDs have proven them wrong every time.
But technically speaking, this pull back is where you would actually long the dxy, the drop was a text book exhaustion pull back before heading to it's target of 120, at 120, we'll see bear divergence to confirm and should see the real drop and BTC bull run... gl!
how do you even formulate this analysis', I don't understand it at all, everything is based off "what ifs", not actual data or setups that point to price movement, everything is just guessing
LevRidge
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@BiggWigg, dont blame me that you dont have a basic understanding of double bottoms how to trade them or even macd divergence.. youtube is your friend.
treasurefish
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Not too sure. MACD looks very weak and Ichimoku cloud is very negative on the weekly. Still showing SELL on weekly UCTS indicator, and flashing SELL (unconfirmed) on monthly. I don't think faces will melt, but smile.
LevRidge
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@treasurefish, fastest rate hikes in history is our clue that this was just a pull back, and again, technically speaking this is where you would buy for a double bottom play, after the exhaustion pull back.