I posted this chart (slightly revised) months ago, with these levels of where the DXY could take us in terms of overall crypto market direction, especially Bitcoin.
It's taken awhile to get here...
But today's XRP news, all signals are pointing to an incoming rally for the crypto markets.
Granted, the inverse correlation between DXY and Bitcoin / Crypto may have been weakened, as the Dollar has other negative forces in play. Namely the BRICS states move away from it.
Nevertheless, this is a handy chart to keep on hand and refer back to.
Hopefully we'll see the DXY continue to drop, Bitcoin break and close above $32k, and then push up to the Fib Golden Pocket zone at
48K-$50k which I think is likely.
What does everyone else think?
It's taken awhile to get here...
But today's XRP news, all signals are pointing to an incoming rally for the crypto markets.
Granted, the inverse correlation between DXY and Bitcoin / Crypto may have been weakened, as the Dollar has other negative forces in play. Namely the BRICS states move away from it.
Nevertheless, this is a handy chart to keep on hand and refer back to.
Hopefully we'll see the DXY continue to drop, Bitcoin break and close above $32k, and then push up to the Fib Golden Pocket zone at
48K-$50k which I think is likely.What does everyone else 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
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
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.