đź’Žâ‚żTC: The Only Reason Still Bitcoin Will Dump Hard.
Updated
Hello Dear Traders,
Last 3 days are Extremely volatile and uncertain. Greed and FOMO is on the Peak. Anything is happening in stocks and crypto.
Today i would like to show u one last possibility tht bitcoin will dump hard in upcoming weeks.
as u can see in chart on march 2020 BTC dumped hard to -50% in a day, and tested 3500$ zone. why it happened?? we know all bcoz of covid panic sell off bt just look at DXY chart in march 2020 world markets and btc was dumping and DXY pumped hard.
after cool off , in april 2020 DXY started dumping and btc and stock market started to rise.
in aug-sept 2020 btc was stable and range bound, reason was DXY was showing strength. again in oct 2020 dxy started dumping, and btc started pumping from 10k.
the current situation is identical , dxy found strong demand and in upcoming weeks DXY is going to rise upside.
once dxy started rising, btc started dumping from 42k area. on weekly time frame BTC is already very bearish bt today bcoz of elon musk BTC suddenly pumped.
not only btc is weakening bt all other currencies like EURO,JPY,AUD are showing correction.
if in upcoming days btc and dxy starts pumping, then this year will be exceptional, and soon btc will test 50k.
Please Share ur views on this in comment section.
Last 3 days are Extremely volatile and uncertain. Greed and FOMO is on the Peak. Anything is happening in stocks and crypto.
Today i would like to show u one last possibility tht bitcoin will dump hard in upcoming weeks.
as u can see in chart on march 2020 BTC dumped hard to -50% in a day, and tested 3500$ zone. why it happened?? we know all bcoz of covid panic sell off bt just look at DXY chart in march 2020 world markets and btc was dumping and DXY pumped hard.
after cool off , in april 2020 DXY started dumping and btc and stock market started to rise.
in aug-sept 2020 btc was stable and range bound, reason was DXY was showing strength. again in oct 2020 dxy started dumping, and btc started pumping from 10k.
the current situation is identical , dxy found strong demand and in upcoming weeks DXY is going to rise upside.
once dxy started rising, btc started dumping from 42k area. on weekly time frame BTC is already very bearish bt today bcoz of elon musk BTC suddenly pumped.
not only btc is weakening bt all other currencies like EURO,JPY,AUD are showing correction.
if in upcoming days btc and dxy starts pumping, then this year will be exceptional, and soon btc will test 50k.
Please Share ur views on this in comment section.
Note
DXY gave Breakout form Trendline
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