$DXY -Relief rally for the Markets?
Updated
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DXY has been showing the first signs of weakness in price action with 'indecisive' candlesticks printing,regarding it's downside potential after hitting 20 Years High and slipping from it.
Is it time to for the 'mighty dirty dollar' to cool of a bit ? (End of Wave 5)
Or will momentum of current macro economic environment strengthen Dollar as a 'safeheaven' go-to asset in a slowing economic performance?
Compared to last April of 2021, in 2022 CPI numbers are up a positive a red hot +8.3% !
As DXY has been rallying, we witnessed Major FInancial Markets performing worse since March 2020.
Tech stocks getting slapped on the face, like Netflix plunging.
Cryptocurrencies struggling as well, with #Bitcoin slipping below 30.000$ level of strong Support, having previous summer lows to that of 28.500$.
Bitcoin is on a critical Support Level (range area) for now , it's Decisive action !
If Bulls do not show up, Bears will certainly try their best to drag the price below.
But we have strong diamond hands as a community and on-chain Data is Strong, already claiming victory for #Bitcoin.
Luna's rug-pull is not to be excluded as it's 'stable pegged' UST showed it's face!
Will investors lose confidence on stable-coins now?
I see regulatory frameworks coming as they were discussed as well issuing central stable coins.
We live on strange and interesting times!
What is your opinion on how Markets will continue to play out?
Are you a BULL or a BEAR ?
We anticipated 2022 as Bears, seeing it entering on RED, selling most of our positions prior 2022.
Feel free to engage at the comment section expressing your own bias :)
We warmly welcome financial advice :D , is great sharing perspectives and different views.. it grows us.
TRADE SAFE
Note that this is not Financial Advice!
DXY has been showing the first signs of weakness in price action with 'indecisive' candlesticks printing,regarding it's downside potential after hitting 20 Years High and slipping from it.
Is it time to for the 'mighty dirty dollar' to cool of a bit ? (End of Wave 5)
Or will momentum of current macro economic environment strengthen Dollar as a 'safeheaven' go-to asset in a slowing economic performance?
Compared to last April of 2021, in 2022 CPI numbers are up a positive a red hot +8.3% !
As DXY has been rallying, we witnessed Major FInancial Markets performing worse since March 2020.
Tech stocks getting slapped on the face, like Netflix plunging.
Cryptocurrencies struggling as well, with #Bitcoin slipping below 30.000$ level of strong Support, having previous summer lows to that of 28.500$.
Bitcoin is on a critical Support Level (range area) for now , it's Decisive action !
If Bulls do not show up, Bears will certainly try their best to drag the price below.
But we have strong diamond hands as a community and on-chain Data is Strong, already claiming victory for #Bitcoin.
Luna's rug-pull is not to be excluded as it's 'stable pegged' UST showed it's face!
Will investors lose confidence on stable-coins now?
I see regulatory frameworks coming as they were discussed as well issuing central stable coins.
We live on strange and interesting times!
What is your opinion on how Markets will continue to play out?
Are you a BULL or a BEAR ?
We anticipated 2022 as Bears, seeing it entering on RED, selling most of our positions prior 2022.
Feel free to engage at the comment section expressing your own bias :)
We warmly welcome financial advice :D , is great sharing perspectives and different views.. it grows us.
TRADE SAFE
Note that this is not Financial Advice!
Note
DXY at 50EMA
Will it hold Support there on the Daily ?
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