@everyone DXY on the monthly chart - 15 days left till candle close
I would like to see the monthly candle close below 107. the patterns and indicators show overbought and good place to not be buying
as you may know, the DXY trades opposite of BTC. So if the DXY goes down, BTC goes up (most of the time) because people are trading cash for crypto. There is a bullish and bearish scenario here... if DXY closes above, then BTC will continue to fall here down to the 7.5k mark, if DXY closes below, then it either gets a relief rally, or this is the bottom and its headed for 124k from here...
Until it breaks that 2017 all time high with a 2 day candle I am either way at this level. Ive got indicators showing that every bear market ended "here" with major long term bullish signals popping... I am still 80% bearish to fill that gap at 9.8k and measured moves that drop the price to 7.5k. most of the indicators showing bearish but I wanted to say that there is a small change it can turn around.
I would like to see the monthly candle close below 107. the patterns and indicators show overbought and good place to not be buying
as you may know, the DXY trades opposite of BTC. So if the DXY goes down, BTC goes up (most of the time) because people are trading cash for crypto. There is a bullish and bearish scenario here... if DXY closes above, then BTC will continue to fall here down to the 7.5k mark, if DXY closes below, then it either gets a relief rally, or this is the bottom and its headed for 124k from here...
Until it breaks that 2017 all time high with a 2 day candle I am either way at this level. Ive got indicators showing that every bear market ended "here" with major long term bullish signals popping... I am still 80% bearish to fill that gap at 9.8k and measured moves that drop the price to 7.5k. most of the indicators showing bearish but I wanted to say that there is a small change it can turn around.
KRJcrypto