DXY at reversal point - Falling Wedge (edu)
Updated
The DXY is on very important zone and it is consolidating around the support line in Falling wedge formation. This is a very powerful pattern and also a bad for Crypto. Meaning that the value of USD increases and it pushes the price of crypto down.
We have very similar pattern which broke last year around march and be sure that everyone saw it already.
Be careful with crypto in near future!
Trade with risk management!
We have very similar pattern which broke last year around march and be sure that everyone saw it already.
Be careful with crypto in near future!
Trade with risk management!
Note
DXY confirms the upper channel. What is next?Note
FactsL1. DXY show some sign of action on the upside.
2. BTC at 50k
My strategy
1. Follow 80/20 rule for now. 80% is my cash position and 20 my asset allocation.
Note
Note
We have confirmed break on daily chart! Nothing good in the next months for Crypto
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.