Flagging cumulative data for the S&P, Game of Trades continued to argue that all was in fact not as bad as it seemed.“The cumulative advance/decline line speaks to the underlying strength in the market, which many investors are failing to notice. Despite the SP500 being double digits away from the ATH, the indicator has entered new highs.”U.S. dollar targets September 2002 levelsclassic
inversely correlated relationship, dollar performance versus risk assets is in the spotlight thanks to the U.S. dollar index making new twenty-year highs this week. At the time of writing on Aug. 29, those highs are still playing out, DXY having hit 109.47 in its highest spike since September 2002.“If the dollar keeps going, it's going to really break things. It has literally done parabolic,” Raoul Pal, founder of Global Macro Investor,, warning that there was “literally nothing until 120” in terms of resistance on the DXY chart.
Cointelegraph contributor Michaël van de Poppe was equally alarmed, including DXY as a factor creating a “moment of truth for the entire crypto market.”
Source: Digital Coin News (digitalcoinnews.net)
If bitcoin goes well below 20K I'm going to spend more usdt
Bigger bags at a discount? buythedip
Bitcoin forming double-bottom, i'm taking up half position and the other half if it crashes further. We're almost there.
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