Big potential moves ahead for DXY. If this occurs we're going to see a very bad effect on all crypto markets. this fit with wave C that BTC is forming for weeks, which might take the price to the 30k zone again. (consider it as a red flag until the opposite is proven right).
C wave on BTC chart :
Previously on DXY chart:
C wave on BTC chart :
Previously on DXY chart:
Note
Note
Note
DXY is over extended it may need some correction. That would; if it happens, let BTC return to 32 k area for some time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.