We all know the drill, if 
DXY is moving up, more speculative assets like 
BTC and other #crypto #altcoins will trend down. Pressure is on as DXY aims to reclaim the lost ground between 108/109 as the EU traders move to exit and US pre-market gets their ☕️'s brewing.
If we push back through to 109 and past 109.5, I expect to add onto my short
CRO positions and sell more of my 
MSTR when pre-market opens for the day. We've been rejected at a few too many key levels for my 
LONG comfortzone this week. If, and only if we can recover 21500 BTC and then 21800 BTC with strong volume, will i look at switch bullish and slowly accumulate LONG positions between 21400-21700 with a target of 22400 to exit.
I'm targetting an initial 25% exit for myCRO short position at .1233, with a reversal and initial 25% LONG position starting at .1205.
We very very very well might go lower though, so my expectation is to keep my DCA range tight. The volatility is going to be insane going into the first 2 weeks of September! Gooooo #ETH (consensus layer merge!)
IfDXY retraces during the US Brinks (pre-premarket) though, watch for the fakeout! THere's a lot of pressure building up (volume), the moves will likely be fast.
DXY is moving up, more speculative assets like BTC and other #crypto #altcoins will trend down. Pressure is on as DXY aims to reclaim the lost ground between 108/109 as the EU traders move to exit and US pre-market gets their ☕️'s brewing. If we push back through to 109 and past 109.5, I expect to add onto my short
CRO positions and sell more of my MSTR when pre-market opens for the day. We've been rejected at a few too many key levels for my LONG comfortzone this week. If, and only if we can recover 21500 BTC and then 21800 BTC with strong volume, will i look at switch bullish and slowly accumulate LONG positions between 21400-21700 with a target of 22400 to exit. I'm targetting an initial 25% exit for my
CRO short position at .1233, with a reversal and initial 25% LONG position starting at .1205. We very very very well might go lower though, so my expectation is to keep my DCA range tight. The volatility is going to be insane going into the first 2 weeks of September! Gooooo #ETH (consensus layer merge!)
If
DXY retraces during the US Brinks (pre-premarket) though, watch for the fakeout! THere's a lot of pressure building up (volume), the moves will likely be fast.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.