Dow Jones is getting one of my bearish targets whilst the DXY is close to topping out.
This is what crypto looked like the last 2 times the DXY topped out and headed into a retracement.
coinmarketcap.com/historical/201...
coinmarketcap.com/historical/202...
The DJI found support and closed on the 400D MA.
More downside for the DJI is possible but I think in general this is the ideal time to buy Crypto and move your fiat out of the $ and into other currencies.
The pink boxes on the DXY indicate every bitcoin /crypto bull run.
Possible inverse head and shoulders forming on Total 3 so this might not be exactly where the market reverses.
Total 3 could fall as low as $611bn before a reversal comes in.
This is what crypto looked like the last 2 times the DXY topped out and headed into a retracement.
coinmarketcap.com/historical/201...
coinmarketcap.com/historical/202...
The DJI found support and closed on the 400D MA.
More downside for the DJI is possible but I think in general this is the ideal time to buy Crypto and move your fiat out of the $ and into other currencies.
The pink boxes on the DXY indicate every bitcoin /crypto bull run.
Possible inverse head and shoulders forming on Total 3 so this might not be exactly where the market reverses.
Total 3 could fall as low as $611bn before a reversal comes in.
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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.