DXY Dump Incoming? What’s Next for Cryptos!The fractals in the chart are insane and indicate a drop in the U.S. Dollar Index (DXY) that can fuel significant moves in the crypto market:
Bitcoin & Altcoins Surge:
As the dollar weakens, cryptocurrencies become more attractive, expecting strong rallies in BTC and altcoins.
Commodities Rise:
Gold, silver, and oil typically gain, making crypto a competitor in the “store of value” race.
Risk-On Sentiment:
Investors shift to riskier assets like crypto, increasing prices.
Global FX Shift:
Other currencies gain strength, making crypto a go-to asset for global investors.
Bottom line: When the dollar drops, crypto thrives.
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Daily Signals:- telegram.me/thecryptorphic
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Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.