USD broke out of downtrend with CHF but overbought
The sharp rise in 10y US Treasuries got people excited over the USD. I'm forced to looked at foreign exchange, FX, because with crypto and stablecoins impact, it's critical. More than just charts.
From a chart perspective, nice setup breaking down of the converging triangle. Enjoy the ride up and take profits and set your stop loses. I'm expecting the USD to go down from the 92/93 to the sub 90s in the coming weeks. Stimulus passed and all.
With over a quarter gazillion dollar world debt, look it up!, a trillion dollar Bitcoin as "reference currency" seems to be what the world governments all need at this point to make everyone accountable.
FIAT, as it continues to be debased, will survive and morph into Central Bank Digital Currencies CBDC which should become the stablecoin for stable counties and unstable coins for unstable countries.
Isn't Switzerland one of the most stable countries in the world from fiscal perspective? Please comment if you use a better FIAT pair to check the health of comparable FIAT worldwide.
Bitcoin was just in time and has survived the test of time. Now with L2 like Lightning, dealing with the transaction scaling and costs, they future will be very interesting
From a chart perspective, nice setup breaking down of the converging triangle. Enjoy the ride up and take profits and set your stop loses. I'm expecting the USD to go down from the 92/93 to the sub 90s in the coming weeks. Stimulus passed and all.
With over a quarter gazillion dollar world debt, look it up!, a trillion dollar Bitcoin as "reference currency" seems to be what the world governments all need at this point to make everyone accountable.
FIAT, as it continues to be debased, will survive and morph into Central Bank Digital Currencies CBDC which should become the stablecoin for stable counties and unstable coins for unstable countries.
Isn't Switzerland one of the most stable countries in the world from fiscal perspective? Please comment if you use a better FIAT pair to check the health of comparable FIAT worldwide.
Bitcoin was just in time and has survived the test of time. Now with L2 like Lightning, dealing with the transaction scaling and costs, they future will be very interesting