jojofang0901

Is it no more USD in the future ?

BITSTAMP:BTCUSD   Bitcoin

Hello everyone:

2020 year has been a wild ride for everyone. Certainly going down in the history book for sure.

Financially, we have seen the rise of BTC, and the fall of the USD. What can we expect moving forward into the 2021 and onwards?

BTC -
Certainly going up in time, but is it the right time to buy now or wait for larger correction ?
we broke previous tops and continue up aggressively, and as USD continue to tank, expecting the bullish continuation structures to form would be more ideal and better R:R entry.
This will no doubt continue the USD weakness as we can expect short-mid term.

USD -
Higher time frame, we can see that historically, USD has been much lower, and from 2018-2012, it was just in a large consolidation overall.
However, price eventually reverse, and we see the up move of the USD from 2014 -2017.

What we can expect is more downside in the short-mid terms, but will the USD continue all the ways to all time lows, and then continue to drop?
or
we can see some USD push back and get back to its good old days of early 2000's ?

Let me know what you expect USD to do in the upcoming year.

Thank you :)


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