Watch DXY tonight when pre trading opens.
Rejection from here is possible but the MACD has th eroom to push it over that trend line and to turn it into support if the DXY Bulls decide to try it
If they do, it will be very interesting to see if the Selling pressure takes over again.
A Drop from here would be Good for Crypto......
One thing that Shows that rejection may happen is the increase in GOLD price recently
This is the GOLD USD daily chart and shows money flowing out and into gold.....
This will only happen while Bitcoin is cooling off after 14 months of Rise and it may not yet be finished.
This is the Daily #Bitcoina nd shows it breaking out but questions remain as to how long that may last, Hence the flow into Gold
ALL EYES ON DXY
Rejection from here is possible but the MACD has th eroom to push it over that trend line and to turn it into support if the DXY Bulls decide to try it
If they do, it will be very interesting to see if the Selling pressure takes over again.
A Drop from here would be Good for Crypto......
One thing that Shows that rejection may happen is the increase in GOLD price recently
This will only happen while Bitcoin is cooling off after 14 months of Rise and it may not yet be finished.
ALL EYES ON DXY