So during the red market today I bought what I could and got some ETH at a pretty decent price. After it rebounded I decide to take a nap and then it hit me!... "a lot of us are waiting for the dollar to collapse".
After taking a look at a Dollar chart and ended up viewing quite a few dollar markets and this is what I found.
Come on its the peso, this isn't mainstream, this is obvious.
screenshot on monthly chart USD/MXN
My thoughts : doesn't look pretty strong to me, I won't be in denial, it's obvious, however as a trader it take much psychological thinking and calculation to decide if this will even recover anytime soon due to the mass awakening that's been happening all recently.
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Any Thoughts ? feel free to comment