DXY Tanking!!! Asset price appreciation: Bitcoin, stocks, gold

I posted about a month ago that the DXY was in a diamond pattern dating back to 2014. These patterns break up about 30% and down about 70% of the time.

I bet on the anomaly saying it was going to be a half staff with a target of $120 because of the US dollar denominated debt around the world (maturing debt is a demand for denominated currency). Basicly I agreed with Brent Johnson of Santiago capital and his dollar milkshake theory.

I WAS WRONG!!!

The US helicopter money was more than enough and the dollar is breaking out to the downside as I type! This happened in the 70s and we saw about 10 years of stagflation. This is when gold went on its largest run up in history!!

The bottom fell out of the diamond reversal pattern and you can see our new target shown on the graph above.

This is the time to go long assets and get out of the US dollar!! I am personally placing the majority of my bets in the crypto market and more specifically bitcoin due to its limited supply. In a time of inflation, bitcoin will be the fastest horse in the race. In my opinion the next couple years are going to see a cryptocurrency bull run of magnitudes similar to the 1970/80s gold run. This could go down in the history books so don’t get caught sleeping!!

I’d love to hear opinions regardless of weather you agree or disagree. Ray Dalio says challenging each other makes us become better. I want to make sure my analysis stays sharp. Thoughts??
Bitcoin (Cryptocurrency)BTCUSDChart PatternsCryptocurrencydollarEthereum (Cryptocurrency)GoldTechnical IndicatorsLINKUSDSilverTrend AnalysisUSD

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