Update on DXY

* As expected, DXY has trended up in the short-term.
* However, it will be meeting heavy resistance by ¬11 Oct'21.
* BTCUSDT has an inverse relationship with DXY.
* Thus if DXY trends downwards, that might signal the end of the mid-cycle consolidation for BTCUSDT.

Commentaire:

* It is earlier than what I expected, but DXY indeed bounced off the resistance level we drew.
* Let's see if we can break throgh the resistance levels at 92.450 and 89.212.

Commentaire:

To those with kids, do not disparage your kids when you see them "just drawing lines". These imaginary lines on the chart have brought me much profits!

Commentaire:

* It's still wait-and-see time. And what better to do than to upskill oneself?

* Here are two articles that reveal how much we do not understand about macroeconomics.
www.nytimes.com/2021...conomy-analysis.html
www.federalreserve.g...files/2021062pap.pdf

* Keep an open mind. Be flexible. Form hypotheses, then test them brutally and relentlessly. Pride is for losers. Winners go home and f*ck the prom queen.
www.quickmeme.com/im...500fe64c39376248.jpg

Commentaire:

* Not enough people are looking at this chart.
* As expected, DXY is trending downwards this week (debt ceiling, approval of 2HFY21 budget plans).
* This will provide much strength to BTCUSDT.
* However, there is great resistance at the previous BTCUSDT ATH, and it will probably be range bound for some time.
* This will be good for alts.