thoughts about where the DXY could be heading, stocks & btc

2020년 12월 26일

Where is the DXY heading ?
This is the question that's in everyone's mind, so here are some quick thoughts.

After a solid .618 X .618 touch, the DXY fell to 90 which is the 0.5 gann box level and the 1.618 from both previous impulses.

So far it is finding support here but if it falls a bit lower I can see it at ~86-85 fueling another major bullish leg on stocks and crypto currencies like BTC.

However finding support here could signify a top or an area that's very close to the top if it starts reversing because I only see the neckline at 94 as a stopping point next.

It could as well just hover in between 91-89 for an extended period of time before the next gann seasonal date hits.

These are just quick thoughts and I actually didn't spend much time on FA and TA, but that's what I'm seeing in the chart.

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