DXY ANALYSIS | WAVE 2 CORRECTION ABCDE BEFORE CRYPTO BULLRUN
Hello,
The DXY is caught up in a large Wave 2 , ABCDE Expanding Triangle Correction.
At the moment we are working on the last wave, wave E, which should take it towards 108 Zone, but this obviusly depends on the time that it takes to reach there.
The DXY performed a 5 wave downside starting September 22nd, which after some months lead to the recover of the Crypto and Stock Market.
At the moment Crypto and Stocks are caught in a correction, which is matching this up movement from the DXY trying to reach the 108 zone technical target.
If you are waiting on the sidelines, I suggest to wait un Cash/USD until this 108 target is match. This will probably mark the end of the bearish preasure in the risk assets and will resum the continuation of the bull market towards new All time Highs.
Explosive times are ahead for Cripto overall when DXY starts falling as we've always seen in the past. This time it is not going to be different.
My thoguhts: DXY will be topping out as late as second week of May and crypto will resume its next wave to the upside.
The DXY is caught up in a large Wave 2 , ABCDE Expanding Triangle Correction.
At the moment we are working on the last wave, wave E, which should take it towards 108 Zone, but this obviusly depends on the time that it takes to reach there.
The DXY performed a 5 wave downside starting September 22nd, which after some months lead to the recover of the Crypto and Stock Market.
At the moment Crypto and Stocks are caught in a correction, which is matching this up movement from the DXY trying to reach the 108 zone technical target.
If you are waiting on the sidelines, I suggest to wait un Cash/USD until this 108 target is match. This will probably mark the end of the bearish preasure in the risk assets and will resum the continuation of the bull market towards new All time Highs.
Explosive times are ahead for Cripto overall when DXY starts falling as we've always seen in the past. This time it is not going to be different.
My thoguhts: DXY will be topping out as late as second week of May and crypto will resume its next wave to the upside.