Crypto Explorer
Crypto Explorer

Crypto Explorer

40 Members

Hello ,

Looking at the bigger picture for DXY ( Dollar Index ).

As I've mentioned in one of my first snips , it is to be expected that the DXY will stay high in the upcoming years - having recession and tightening of the monetary policy.

Currently the monthly Stochastic is at level of 60 being strong support historically . One possible scenario is to see a bounce and an uptrend in the upcoming months , which will result in a new crash for the markets.

Meaning the global macro situation , I believe is likely to see at least a range btw levels 104 - 116 for the DXY in the next 2 years. ( hopefully not a break out above the 116 - 120 level )

Of course that is just a scenario I see as a possible one.

We will keep tracking ...

#stocks #dollarindex #bitcoin #crypto

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Hello ,

This is Stochastic ( on a monthly ) , with specific settings I'm using.

By definition under the 20 level for the Stochastic means oversold.

As we could see the last bottom was exactly below the 20 level.

Currently it looks like #bitcoin will get rejected from the downtrend line , having the last crash and the Stochastic will get below 20 .


Then going back above 20 will mark the new bull market for #crypto

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Hello ,

This is crazy ...

The previous bottom for the monthly RSI , being a support and actually a bottom in the last bear markets for #bitcoin is now turning into resistance ! ( yellow line )

The FTX crash was right on time to prevent BTC from breaking the downtrend line ( the red one )

Is Bitcoin going to break back above or we are about to see new lows , for the RSI as for the price of Bitcoin and the whole crypto market ?

#crypto

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Hello ,

If #bitcoin fails to hold the 20EMA support on the 1D chart , we could expect retest of the bottom of the range - 15500 , or the bottom of the falling wedge at 15200.

Also the RSI is hitting the most important 50 level as a resistance.

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Hello ,

Hidden bearish divergence about to be formed for the SPX . 4200 level is the danger zone.

It looks we are near to correction , the question is how deep and if we will have a higher low or not.

#stocks #crypto

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