JJ not sure if you remember but here’s my comment from your article on March 3rd: “Dollar is still bluffing rejecting from its Hull MA on the weekly chart.“
This is really game over if it gets to 97 and doesn’t hold
Your 97 level has confluence with the 200-day WMA I mentioned above, send me some charts on Twitter @JlabsJanitor if you have time. Would love to share more ideas
You never know. don't forget that volatility indicator is just now breaking out. There's nothing to say we couldn't see an early-2020 style redux where prices crash temporarily before continuing the macro uptrend
Though I think a wick back towards March's lows would be a better entry point, only time will tell. Keep those stink bids open ;)
Good question Kurt, the answer as you might expect is very nuanced:
Of the examples I listed below the dollar surged only in the case of COVID, and that pump - though brutal on the immediate timeframe - lasted less than 10 days before the fed stepped in and devalued it with force. This led to another technical breakdown lower lows for DXY, higher highs for BTC by the summer of 2020
Though there can be knee jerk rushes to DXY on the near term, the only solution to the deflationary crisis that would cause is further debasement and inflation, which leads to the dollar losing more and more of its purchasing power over time
Thank you, it's time to take the bull by the horns!! I had bet on the dollars but I was wrong
Bravo JJ! Mine eyes are squarely focused on the DXY right now. Even when I sleep. :)
You and I both Mr Marcus!
100% J.J
Thank you.
Thx JJ
JJ not sure if you remember but here’s my comment from your article on March 3rd: “Dollar is still bluffing rejecting from its Hull MA on the weekly chart.“
This is really game over if it gets to 97 and doesn’t hold
I do remember Max! Strong call
Your 97 level has confluence with the 200-day WMA I mentioned above, send me some charts on Twitter @JlabsJanitor if you have time. Would love to share more ideas
The East moving away from USD will have meaningful consequences
It appears we are entering into a Brave New World
Kudos kid
Thank you Uncle Zybot
oof. guess this means my dreams of buying BTC below 12k are off the table
better luck next year
You never know. don't forget that volatility indicator is just now breaking out. There's nothing to say we couldn't see an early-2020 style redux where prices crash temporarily before continuing the macro uptrend
Though I think a wick back towards March's lows would be a better entry point, only time will tell. Keep those stink bids open ;)
Doesn’t the dollar typically spike in black swans?
Good question Kurt, the answer as you might expect is very nuanced:
Of the examples I listed below the dollar surged only in the case of COVID, and that pump - though brutal on the immediate timeframe - lasted less than 10 days before the fed stepped in and devalued it with force. This led to another technical breakdown lower lows for DXY, higher highs for BTC by the summer of 2020
Though there can be knee jerk rushes to DXY on the near term, the only solution to the deflationary crisis that would cause is further debasement and inflation, which leads to the dollar losing more and more of its purchasing power over time