Cryptocurrency & Forex Trading: Why Dollar Cycles & Indicators Reinforce Projections for Imminent Bitcoin Surge. Watch Late-March/Early-April for Confirmation!
Cryptocurrency & Forex Trading: Why Dollar Cycles & Indicators Reinforce Projections for Imminent Bitcoin Surge. Watch Late-March/Early-April for Confirmation!
03/20/19 Weekly Re-Lay Alert – Dollar Checklist:
The US Dollar is fulfilling the first few criteria needed to signal a multi-week and potentially 3 – 6 month peak. Before elaborating on that, consider the following:
What Has Every Republican Administration (since 1984) Had in Common?
What Might be the Biggest Resolution to Current Trade Struggles?
What Could Spur the Next (and Potentially Biggest) 2019 Surge in Gold?
What Does a Consistent ~38-Month Cycle Portend for 2Q/3Q 2019??
What Could Be Signaled With Just One More Corroborating Weekly Close?
What Was Just Reaffirmed by a Unique 12-Week, 6-Week & 3-Week Cycle Web???
What Could Bring Many Commodities Back to Life?
If you answered ‘A weaker Dollar’ or ‘A weaker Dollar in the next 3 – 6 months’, you are correct.
During the first Reagan Administration, the Dollar Index surged – almost doubling in value from ~90 to ~165. Since then, and since the Plaza Accord of Sept. 1985, a declining Dollar has accompanied each Republican Administration – partially due to its expected (positive) impact on trade.
The Dollar dropped from Feb. 1985 – Nov. 1987 (Reagan #2 term), from June 1989 – Sept. 1992 (George H.W. Bush), from July 2001 – Dec. 2004 (George W. Bush #1), from Nov. 2005 – March 2008 (George W. Bush #2) and from Jan. 2017 – Feb. 2018 (Trump).
However, if history is any indication (and if prevailing technical and cycles are accurate), that 2017 decline was only the beginning…
In 2001, the Dollar saw an initial sell-off and then rebounded into Jan. 2002… before plummeting for the next three years. The decline from 2017 also appears to be the first phase of a larger decline. That could have far-reaching impacts on many markets!
Here are some intriguing aspects to the Dollar’s current structure:
— The timing for an expected Dollar plunge (beginning in March but really taking hold in April – June ‘19) aligns closely with the period already forecast for the next advance in Gold. That is likely to impact the magnitude and intensity of a future Gold rally and could spur a surge to new 5 – 6 year highs… and more…
— Bitcoin, as detailed in the March 18, 2019 issue of The Bridge – Currency Wars & Cryptos II, is also poised for an April – June rally. It’s biggest moves of 2017 – 2018 have been in (inverse) lockstep with the Dollar…
— The Dollar has consolidated since Dec. ’18, allowing stocks to rally sharply and validate projections for an equity surge from late-Dec. into late-March/early-April ’19 and potentially into late-May ’19…
If the Dollar Index is able to rebound… it would be in the ideal setup to enter a larger-magnitude decline in April 2019.”
Dollar action corroborating potential for Bitcoin to surge from current levels, likely accelerating higher in April 2019. Bitcoin recently triggered a second round of buy signals and now has multiple indicators turning positive. They project an accelerated advance in the coming weeks – with an initial surge to ~5050 likely within weeks. Dollar cycles and indicators concur and pinpoint April as a bullish time for Bitcoin.
See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.