Perfect Storm Index™ | Daily Update 🚨 Today's PSI Reading: 76/100 Risk conditions remain elevated. A reading in the mid-70s suggests that multiple macro, sentiment and technical indicators continue to align in a risk-off direction. While markets can still rally in the short term, the probability of heightened volatility and downside risk remains above normal. Key drivers: • 📉 Liquidity remains restrictive • 💵 DXY firm • 🌊 Elliott Wave suggests the current move is still corrective • 😨 Sentiment remains complacent relative to macro risks Remember: The Perfect Storm Index™ is a probability gauge, not a prediction. It helps identify when risk/reward becomes increasingly asymmetric. Stay disciplined. Manage risk. #Bitcoin #Crypto #Markets #Macro #Trading #PerfectStormIndex
Matthew Dixon - Veteran Financial TraderShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.