$DXY (the USD) is about to hit top levels of it's current micro Parabola.
Price will reach multi-year Fibonnaci Resistance @ 110.252
Stonks & Crypto have already started to bounce upwards, in my opinion we'll be retracing back downwards to revisit the previous lows, however I do not believe we'll see "another leg down" before the $DXY parabola breaks.
A retracement in $DXY, followed by the anticipation of dropping inflation should cause a market reversal as everyone jumps over each other to 'Buy the Dip'.
By the time a drop in inflation is officially announced, the bottom will have already been formed.
Nigger it’s way overbought. Any ducking retatd can see this. It will come down. Hard.
Justin Bennett
TA is okay but you also need to factor in actual information besides patterns. That said dxy why is going into 120 neighborhood before any real pullback. Maybe comes down to 100 short term but then rockets backs up. All other currencies are garbage and no one wants them. USD is great either its just the least shitty.
"I personally don't understand why people are so bearish.
I see current environment to play a fractal of 2008 crash. $DXY still has a bit more room to grow, but these seem like top levels to me.
Once inflation starts to peak & pivot, I think the casino just opens up for business once again as everyone tries to jump over each other to 'buy the dip'.
Overseas economies always get hit last with the ripple effects, which just opens up opportunity for western investors to come in and buy on the cheap, thus dumping the much needed liquidity back into their economies.
I think the anarchist characteristics of crypto community just adds fuel to the dollar milkshake theory fud fire. But I'm not buying it.
I'm a Bulliever. Humanity is more resilient than that."
I don't take just TA into account, I also take FA into account. You're treading down the path of Dollar Milkshake Theory, which I agree with to a certain extent except for the fact that an increase in $USD valuation will push USA investors to 'buy the dip' on overseas investments. Currently we're seeing inflation become stagnant, which I believe will create the pivot point for a reversal.
During that time, Wall Street will be hopping over each other to buy the dip both domestically & internationally. This will pump much needed liquidity into international markets, which should slow down their need to print more.
America is basically liquidating them... before buying them out. Kind of like what Alameda is doing with Crypto.
Isaiah Young
Everytime people start pointing out a parabola it's already ended. Especially when their justification for higher points are 'fibonaccis'.
Cameron Bailey
Never understood this. "I'm not going to make the move until a confirmation signal shows me I should have made the move one week ago" The difference between a systematic investor and a good investor I guess
Adam Powell
Yeah. I'm pretty risk-on right now. I'm good with my job and living situation, so every single buy is one on which I'm long. This is a really good time to be long.
Oliver Williams
Except inflation isn't going to get better any time soon
Luis Evans
The more accurate inflation measures show it as peaking in may. Even the notoriously delayed CPI figures showed the rate of increase dropping a lot. Are you female?
Oliver Roberts
I expect it to top in November-December.
If you are in the US, now is the time to do some research on investing abroad. Markets have fallen and the dollar is strong so you can get some bargains. Although the risks with deglobalization have increased as well. And don't buy now. Wait until the end of the year or perhaps first quarter of 2023.
Carter Carter
does this come as a surprise to people, Any Forums has been saying this for 2 months already as it become clear in early june that inflation peaked in may and the gov statistics are just horribly behind not to mention the bond market priced this in a while ago, now it seems crypto is on reversal
the only question that remain how long will the bears screech this rally will fail like the others before they buy back in and how far will they be gone at this point eth might as well be doubled
Connor Diaz
See you all at 9k bitcoin in September and 6k in early 2023.
As winter rolls into the northern hemisphere it'll pull the brakes on the market and show you real pain.
Asher Clark
you retarded? no prices have went down AT ALL lmao.
Jose Mitchell
Holy word salad. Good job saying fucking nothing you retarded bullfag nigger but thanks for the new pasta
Owen White
here's what i think is going to happen. 4hr MFI bottomed (this is the 4 hour chart).
