DXY Dropping Into 'Crypto Super Pump Rally Zone' -- Here We Go!
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?
23-year investor, trader, and early investor in Bitcoin & crypto.
For more information visit:
Moonstream Crypto: www.Moonstream.io/M3
Custom Indicators: www.CryptoMastery.org
Blood in the Streets Report:
www.moonstream.io/report
For more information visit:
Moonstream Crypto: www.Moonstream.io/M3
Custom Indicators: www.CryptoMastery.org
Blood in the Streets Report:
www.moonstream.io/report