DXY -What's everyone in Crypto is Missing
Updated
March 2020 :
Covid-19 was declared a Global Pandemic from the WHO (World Health Organization) .
Markets tumbled due to fear from the unknown virus which brokeout in Wuhan,China surprising and spreading around the Globe rapidly and viciously so Lockdowns started taking place World-Wide.
Investors jumped into the Dollar out of Stock Shares and other Markets selling everything.
March 12-13, were extremely volatile days for Bitcoin, putting a bottom as low as 3.850$ after the 'crash' ended due to Feds supporting the Markets with heavy money printing.
Since than up to date, Bitcoin has had an Amazing Rally especially after the Halving Effect took Place on May, breaking the old All-Time High of 20K and creating
AllTimeHighs after another, stop at 65K which now is ATH and the next Milestone for Bitcoin to BREAK Above within this Year <3 .
Beware on the Short-Term, and try to stay updated to Fed News Policies.
If DXY starts to rally, Bitcoin would have to stop from rallying empowering itself from Buyers and more Institutions coming along on its board buying below 30K level
We need to see the correlation of Bitcoin breaks with other markets,which started on 20kATH of 2017
- Down below I will post a Chart Screenshot of an Bitcoin Scenario in case 30K with a 29K wick was the ultimate Bottom.
NOTE THAT THIS IS NOT FINANCIAL ADVISE!
Please consult your financial advisor and do your own research before partaking on any trading activities based upon this IDEA.
Covid-19 was declared a Global Pandemic from the WHO (World Health Organization) .
Markets tumbled due to fear from the unknown virus which brokeout in Wuhan,China surprising and spreading around the Globe rapidly and viciously so Lockdowns started taking place World-Wide.
Investors jumped into the Dollar out of Stock Shares and other Markets selling everything.
March 12-13, were extremely volatile days for Bitcoin, putting a bottom as low as 3.850$ after the 'crash' ended due to Feds supporting the Markets with heavy money printing.
Since than up to date, Bitcoin has had an Amazing Rally especially after the Halving Effect took Place on May, breaking the old All-Time High of 20K and creating
AllTimeHighs after another, stop at 65K which now is ATH and the next Milestone for Bitcoin to BREAK Above within this Year <3 .
Beware on the Short-Term, and try to stay updated to Fed News Policies.
If DXY starts to rally, Bitcoin would have to stop from rallying empowering itself from Buyers and more Institutions coming along on its board buying below 30K level
We need to see the correlation of Bitcoin breaks with other markets,which started on 20kATH of 2017
- Down below I will post a Chart Screenshot of an Bitcoin Scenario in case 30K with a 29K wick was the ultimate Bottom.
NOTE THAT THIS IS NOT FINANCIAL ADVISE!
Please consult your financial advisor and do your own research before partaking on any trading activities based upon this IDEA.
Note
Larger Time-Frame of DXY on the Weekly Note
PERFECTLY NAILED <3 TRADE SAFE
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