Pushing on key key levels. Downtrendinf reistance from the last few lower highs aroun 104.6. If dxy pops and holds as support it could be headed to the neckline of this potnetialW we have been talking about forming since 101 area.
Btc is coming into old recent low of 25,850 which can be a double bottom setup also over some time… Howver if dxy is going to contiue pushing up to 105 it’s possible Btc can break firther Howver if we see a rejection around 104.6 and it’s a dipper correction then Btc could get another leg up.
This is getting wild bcusse markets are pushing key reistances. Some making new highs in big tech (nvda). Dxy is a solid indicator usually for tops and bottoms in markets and especially Btc an gold.
If dxy is going to contiue this boom, then it’s showing the money supply flipping out of stocks and risky assets into cash. Howver from the charts on some big tech stocks, it sure doesn’t feel that way!!
Either way I’m going to contiue to watch this setup and see what pans out. Good luck to anyone who took this long with me at 101 low
Let’s see if dxy can see some breakouts or rejection for a good sign if crypto has more into it or not
Btc is coming into old recent low of 25,850 which can be a double bottom setup also over some time… Howver if dxy is going to contiue pushing up to 105 it’s possible Btc can break firther Howver if we see a rejection around 104.6 and it’s a dipper correction then Btc could get another leg up.
This is getting wild bcusse markets are pushing key reistances. Some making new highs in big tech (nvda). Dxy is a solid indicator usually for tops and bottoms in markets and especially Btc an gold.
If dxy is going to contiue this boom, then it’s showing the money supply flipping out of stocks and risky assets into cash. Howver from the charts on some big tech stocks, it sure doesn’t feel that way!!
Either way I’m going to contiue to watch this setup and see what pans out. Good luck to anyone who took this long with me at 101 low
Let’s see if dxy can see some breakouts or rejection for a good sign if crypto has more into it or not