The peak of liquidation of the shorts at 20K has disappeared, so either the shorts no longer believe in the downside and close their positions at break even or in a small loss on the level of 19.2K
Otherwise if it's a manipulation to show that it will go up to hunt the shorts, but before falling the market makers close their Longs via the peak of liquidations at 20K to start the Long squeeze in the south without looking for the 20K in the north, and trap the Longs via the peaks of liquidations from 17.5K to 14.5K.
Why the dollar to the moon?
Almost 99% of the assets fall in the bear market, except the dollar is quietly in bull run.
- The answer:
Interest rates that increase to lower inflation with strong demand for the dollar, it allows to protect the capital in the event of a stock market crash, and then make nice profits on the rise in the price of the dollar, and for institutions that's allow them to earn interest of 4% to 5% annually on their billions of dollars.
Here is my opinion on the rise of the dollar which is the safe haven for the bear market in 2022, and since the rates will continue to rise I think that we are not yet at the end of the bull run on the dollar in negative correlation with the BTC and the S&P 500 which are in the bear market.
I think there are still 3 to 6 months to see if the fed will not lower interest rates and if so it will be the start of a dollar in the bear market, but who knows it may last another 6 months to 1 year!!!
https://www.tradingview.com/x/pNsrake9/
S&P 500 shows sign of weakness from buyers after rejection of 50 level RSI and hidden bearish divergence on MACD and RSI
A strong move up or down will not take long as the Bollinger bands are very tight.
Price is in an accumulation range followed by top and bottom manipulations before the next distribution either up or down!!!
My feeling: 40% Bullish / 60% Bearish
https://www.tradingview.com/x/4UOV9hRN/
There are a lot of signs of reversal in Weekly, that leads me to believe that we can bounce off 3585 at least in the short term Daily before the confirmation in Weekly, but otherwise the trend remains bearish, finally we need a large swallowing candle who will confirm the next trend, or who knows it will be another fake break out and another manipulation to add to the counter, well until then we will see the price action!
👉 Follow the links below to the best & Secured Exchanges that I use for trading & often gives rewards for using their platform like Learn & Earn Program, making deposit & Trading on spot or Futures, Trading Competition, ...etc.
📈 Bybit: Get up to 4030 USDT in rewards just by signing up!
https://www.bybit.com/app/register?ref=7Wgmj
📈 Binance: 10% discount on Binance Futures trading fees!
https://www.binance.com/en/futures/ref/38451215
📈 FTX: Sign Up Bonus of 5% fee discount on all your trades.
https://ftx.com/referrals#a=1768923
📈 Phemex: Up to $180 in welcome bonuses waiting for you.
https://phemex.com/register?group=718&referralCode=BAR9K
📈 Kucoin: Rewards for users Up to 10 million USDT
https://www.kucoin.com/ucenter/signup?rcode=Kvyf2d
📈 Bitmex: Up to 80 BMEX Tokens Welcome Offer.
https://www.bitmex.com/app/register/xXePh3
👀 Follow the Links Bellow to my Telegram Channels:
☑️ English: https://t.me/tradingwithbinance
☑️ French: https://t.me/Adaminssane1