When the DXY trends in one direction, Bitcoin eventually follows the other way. The DXY tends to lead Bitcoin a bit so waiting for the DXY to begin a new downtrend would probably be a good time to start putting money back into crypto/Bitcoin.
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Well this seems to be playing out nicely.
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Still more pain ahead
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Both are showing a sign of reversal, not sure if this is the moment or if it's gonna take a bit more time.
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Was wrong - still parabolic. The wait continues
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DXY showing lots of weakness here, even if it bounces again I believe it's still a great time to be dollar cost averaging.
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DXY on a tear right now. Not sure if it will reach it's recent ATH of 113 or reverse before. Once clear signs of reversal begins capital should be fully deployed.
Commentaire:
Downtrend confirmed on DXY, lower highs.
Spot ETF before EOY, halving in 165 days, election year.
Everything setup for the next leg up for BTC.
Spot ETF before EOY, halving in 165 days, election year.
Everything setup for the next leg up for BTC.