On this DXY chart or 'map' I've outlined where the corresponding Bitcoin and crypto price movements should go with the DXY rising or falling.
Weakness in the dollar, and the specter of losing it as the world reserve currency, and more countries joining the BRICS nations, the DXY is under heavy pressure.
In this graph we can see that the BRICS GDP has now surpassed the G7 GDP, and we can see that there is a clear change in trend.
i.redd.it/m1cdaau8t2na1.jpg (Not my chart)
Based on this, a continuation of the DXY falling here should correspond with a rally in BTC, ETH, and crypto as a whole.
A break of the DXY below 100, and we're into the 'Crypto Super Pump Rally Zone' and I see Bitcoin shooting up to the
48K-
52 Golden Pocket retracement zone.
What do you think?? :)
Weakness in the dollar, and the specter of losing it as the world reserve currency, and more countries joining the BRICS nations, the DXY is under heavy pressure.
In this graph we can see that the BRICS GDP has now surpassed the G7 GDP, and we can see that there is a clear change in trend.
i.redd.it/m1cdaau8t2na1.jpg (Not my chart)
Based on this, a continuation of the DXY falling here should correspond with a rally in BTC, ETH, and crypto as a whole.
A break of the DXY below 100, and we're into the 'Crypto Super Pump Rally Zone' and I see Bitcoin shooting up to the
48K-52 Golden Pocket retracement zone.What do you think?? :)
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
Related publications
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.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
Related publications
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.