DXY to 88 ushers in the next Crypto bull run
업데이트됨
DXY has been experiencing a downtrend since October 2022. Usually, crypto is negative correlated to DXY. A bull run should have been initiated in November 2022 but the FTX Ponzi collapse artificially brought crypto down. Sam Banksman Fried aggravated the crypto dump by shorting first USTD and then ETH with customer deposits in order to salvage his Ponzi. Sam claimed that the remaining customers deposit that were not fraudulently transferred to Alameda and lost, were stolen by hackers after he declared bankruptcy. All these events have been verified by blockchain activity to whish the authorities in the USA are turning a blind eye. Currently, Sam is out of jail on 250 million dollar bond. It is a mystery how Sam came up with the 250 million dollars when he claimed in an interview that he had only 100,000 dollars left to his name post the bankruptcy. Sam now lives at his mother’s home in California with police protection. Sam faces 150 years in jail but Sam's next court appearance will be at the end in October 2023 and apparently the case will drag to 150 years as well.
FTX manipulation of the market is clearly seen as the decorrelation of crypto from DXY in November 2022. In November, crypto should have started its bull run as I described in one of my ideas below.
Since January 2023, Crypto has recovered from the FTX manipulation and is following the intended route that was lost in November 2022.
For the last week the crypto bull run has paused because DXY bounced of support. However, there are many Alts that have done spectacularly in that last week.
DXY has formed a rising wedge on the lower time frames, and this is likely to break down back to support. On the higher time frames DXY has formed a head and shoulders pattern, that if it is to breakdown will send DXY to 88. 88 is the measured move of the Head and Shoulders. If DXY falls to 88 it means that the crypto market will experience a decent bull run. In case of a breakdown of the head and shoulders, DX will most likely follow the fractal of its 2002 to 2004 dump.
I have included the hypothesis that DXY bounces of the heads and shoulders support. In this case it will form a descending channel since DXY will remain bearish due various factors that I will explain later.
This idea estimates in all cases a peak for the crypto market around April 2024 which bodes well with the crypto lengthening cycles theory.
FTX manipulation of the market is clearly seen as the decorrelation of crypto from DXY in November 2022. In November, crypto should have started its bull run as I described in one of my ideas below.
Since January 2023, Crypto has recovered from the FTX manipulation and is following the intended route that was lost in November 2022.
For the last week the crypto bull run has paused because DXY bounced of support. However, there are many Alts that have done spectacularly in that last week.
DXY has formed a rising wedge on the lower time frames, and this is likely to break down back to support. On the higher time frames DXY has formed a head and shoulders pattern, that if it is to breakdown will send DXY to 88. 88 is the measured move of the Head and Shoulders. If DXY falls to 88 it means that the crypto market will experience a decent bull run. In case of a breakdown of the head and shoulders, DX will most likely follow the fractal of its 2002 to 2004 dump.
I have included the hypothesis that DXY bounces of the heads and shoulders support. In this case it will form a descending channel since DXY will remain bearish due various factors that I will explain later.
This idea estimates in all cases a peak for the crypto market around April 2024 which bodes well with the crypto lengthening cycles theory.
노트
DXY broke down the rising wedge. Crypto is going to pump.노트
DXY has completed its Head and Shoulders, a breakdown will result in a market wide crypto pump. 노트
common for DXY to do a shoulder before a big drop 
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