When you zoom out and trade as “deep and wide” as I do……you don’t let the small squiggles get in the road of your larger “macro economic view”.
Mind you…..On occasion I love to get down in to the trenches as well…( short-term trading an hourly chart – something I call fun! ) but rarely as…..the short term trend works best when matched up with both the medium and the long.
In this case – Short U.S Dollar / Long Bitcoin.
Teetering on the edge….the precipice as it where. U.S D ( as suggested ) looking to fall off a cliff.
Little to add on a slow Wednesday, short of Thursday ( generally seen as a “news day” ) on deck – and likely larger moves in markets.
It’s still just early September.
The big boys / overall trading volume still quite low……I don’t expect “fireworks” for another week er so, when the USD slide becomes something “discussed” in the main stream media.
Keep in mind…..a weak dollar benefits Trump’s general plan / The Fed’s overall plan, and the only way forward for the incredible “recovery in the U.S”.
Stars align. Very little brain power needed.