DXY 2/2/2021

업데이트됨

Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Continuation Technical Analysis on the previous one in the related ideas.

I will be careful on making positions of Bitcoin and ALTcoins now.

I just long on ADAUSDT & YFIUSDT currently in profit with a protected SL to my profits.

For Bitcoin? I'm not trading it yet. I see that BTCUSD is in a sideways while ALTs most likely pumping.
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1W
Seems like anytime US Dollar Index may bounce higher as there is a hidden bullish divergence on RSI, Stoch RSI & MACD. Aside from that, it aims to break EMA 9 (Green) - We will see it in weekly close this week but small time frame has convincing explanations. Just continue reading this TA.

1D
Aside from Bullish Convergence that I see in the Daily chart, notice that EMA 9 & MA 50 is about to make a bullish crossover soon. It confirms that an uptrend but on a corrective because the general trend for US Dollar Index is down trend.

4HR
1. Bullish Crossover of EMA 9 & MA 50;
2. Bullish Divergence on RSI, Stoch RSI & MACD; and
3. Potentially nearing to an end of accumulation phase and starting an advancing phase.

1HR
Possibly making a pullback to moving averages then go up.

Elliot Wave count, Fibonacci and Pattern
As the US Dollar Index is in accumulation phase after the end of a prolong declining phase, it forms a pattern called Inverse Head & Shoulder which is generally a bullish pattern. For me, I consider it as a corrective pullback on this prolong down trend. It needs to break the 0.618 Fibonacci as I stated in the chart. If it breaks, the target is at 1.618 Fibonacci or can be extended to 2.000.

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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT

노트

1D
The Daily candle close tomorrow is very important. If US Dollar Index pumps, there is a higher probability of a dump on various markets which includes cryptocurrencies. This why I'm very careful on my ADAUSDT Position and closing my YFIUSDT position. Note also, MACD is heading into positive zone 'I expect buyers"

4HR

1HR

노트

Be careful on making positions on cryptocurrencies as US Dollar Index bulls is looking for an assault. Potential dump may come soon on cryptocurrencies. Potential pump on US Dollar Index.

On my Crypto Long Positions, Stop out in profit on LINK, YFI and KAVA. Letting other positions to run.

1W

4hr

1hR

노트

Sorry for late update:

Manage to make Long position on LINK and KAVA with SL above entry price.

For YFI, due to negative news that may affect the price that " exploit by attackers in its blockchain which suffers 11 million USD loss ". I will not make a position.
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US Dollar Index makes a break of resistance. I think it will a retest before moving up again. Just be careful making positions on Cryptocurrencies.

4HR