The DXY is one of the MAJOR influences across all markets and including Crypto and I feel that on a longer term Time Frame, we are about to see an over all rise but its probably not for longer than about 8 Weeks
I am looking at what happened Last time DXY went up to the Upper trendline and eventualy, when it rolled over, it came down to the 0.5 Fib line ( Arrow)
It then recovered for around 2 months before dropping back down to and past, till it hit the 382
Could thi shappen again ?
YES
These is to be another Rate rise in March we are told and thi swill certainly Boost the $ as long periods of high repayments always do.
Lets see what happens, It may play out very differnetly...Only Time will tell
I am looking at what happened Last time DXY went up to the Upper trendline and eventualy, when it rolled over, it came down to the 0.5 Fib line ( Arrow)
It then recovered for around 2 months before dropping back down to and past, till it hit the 382
Could thi shappen again ?
YES
These is to be another Rate rise in March we are told and thi swill certainly Boost the $ as long periods of high repayments always do.
Lets see what happens, It may play out very differnetly...Only Time will tell