Doing your thing DXY! Update
This idea was originally published on New Year’s Day (linked below), and it played out almost perfectly. The bullish divergence was followed by a push of DXY to the upside, although slightly lower than depicted. BTC started a retracement as anticipated, although later and from a higher level that I could have imagined. This only proves my limited understanding of BTC’s behavior :).
At the moment for DXY there is one more bump upward in the making, most likely resulting in a lower high. A touch to the MA 100 (dotted green line) is expected just like in the previous wave. After the bump DXY will be facing a long slide downwards offering upward potential for cryptos, stocks and precious metals.
I hope you found these insights useful. Circumstances can change, so do your own analysis before making any investment decisions.
Trade safe and take care
Cheers
Whoop
At the moment for DXY there is one more bump upward in the making, most likely resulting in a lower high. A touch to the MA 100 (dotted green line) is expected just like in the previous wave. After the bump DXY will be facing a long slide downwards offering upward potential for cryptos, stocks and precious metals.
I hope you found these insights useful. Circumstances can change, so do your own analysis before making any investment decisions.
Trade safe and take care
Cheers
Whoop
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