DXY sell off to 93.5 AKA crypto commence!
Updated
The US dollar has been in a frenzy for the past 30+ days.
With the recent FED meeting it can be speculated that the end may be near for our beloved dollar. FED has stated it will start withdrawing its EMERGENCY funds. The inflation in talks is simply the corp finance worlds inability to recook an already cooked balance sheet.
The word of the month is "transitory aka TRANSITION TO A STABLE COIN AKA CRYPTO WORLD.
The 2nd word of the month is "tapering" aka the DUCK TAPE IS FALLING OFF THE BOTTOM OF THE BOAT (think flex seal commercial)
Prepare to long XXXUSD and short USDXXX pairs.
notice my MA about to cross (blue/ orange = bullish ) (orange/blue = bearish)
last 4HR candle closed UNDER MA = more bearish confirmation
93.75 is a safe entry if you want to strictly trade DXY.
may test 94.1 before the drop
I am looking for DXY to take a liquid dip to 93.5 as there is clearly a point of lower support. DXY has failed to test the 94.6 key levels (last touched 9/28/20.
In my eyes this is q4 crypto pumping DXY dumping time. ALTs on the breakout daily, BTC looking for the 75K mark ETH looking for the clear 5K mark.
With the recent FED meeting it can be speculated that the end may be near for our beloved dollar. FED has stated it will start withdrawing its EMERGENCY funds. The inflation in talks is simply the corp finance worlds inability to recook an already cooked balance sheet.
The word of the month is "transitory aka TRANSITION TO A STABLE COIN AKA CRYPTO WORLD.
The 2nd word of the month is "tapering" aka the DUCK TAPE IS FALLING OFF THE BOTTOM OF THE BOAT (think flex seal commercial)
Prepare to long XXXUSD and short USDXXX pairs.
notice my MA about to cross (blue/ orange = bullish ) (orange/blue = bearish)
last 4HR candle closed UNDER MA = more bearish confirmation
93.75 is a safe entry if you want to strictly trade DXY.
may test 94.1 before the drop
I am looking for DXY to take a liquid dip to 93.5 as there is clearly a point of lower support. DXY has failed to test the 94.6 key levels (last touched 9/28/20.
In my eyes this is q4 crypto pumping DXY dumping time. ALTs on the breakout daily, BTC looking for the 75K mark ETH looking for the clear 5K mark.
Note
Retested 94.6 but could not close ABOVE this price point which indicates bears have a stronger hold than bulls. (This may have been top wick for a fully bearish candle.) high 93s
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