Today, @POTUS signed an Executive Order on crypto-assets. I look forward to collaborating with colleagues across the government to achieve important public policy goals: protecting investors & consumers, guarding against illicit activity, & helping ensure financial stability.
The Dollar Index, DXY looks to be peaking today. Today's level was my expected maximum level and we have reached it. Nothing is a certainty in this market, but I suspect the DXY will start showing weakness soon.
In this mornings video:
"In order for this thing to continue following, you know, what would you expect relatively soon? Within the next 2-4 hours? Some type of pop back up to about $39,000."
🤯
Today's video began with "DECISION TIME".
While I'm not too fond of predicting time, because I'll get it wrong so often, a multitude of things were flashing a move for Bitcoin today.
As we know, Bitcoin has been following this, not just with levels, but with time, for 5-months.
#Bitcoin daily candles since October 2020.
The red & white indicators use linear regression analysis to measure the slope of the regression on different time frames (slow vs. fast).
Crossovers are bullish/bearish depending on the direction.
Bullish crossover happening now...
+ Confirmed reversal bar on #BTC weekly with the following candle closing higher. Indicator by @Tradingalpha_
+ Weekly Heikin-Ashi green
+ Daily Supertrend green