We are approaching the .5 line on the Fibonacci retracement. This is a DECADE long Fib! In my opinion, if the Crypto markets want to continue moving up, the DXY must break the .5 level! If it double bottoms and starts moving back up, the crypto markets will be put on hold. However, I do believe it will break. There was a DEATH CROSS on the weekly chart mid November. The last time that happened was JANUARY 2003!!! It then proceeded to drop over the next 5 years by over 30%!!! We could be witnessing the collapse of the U.S. Dollar right before our eyes!
I have a different view, this is my analysis ahead of the stimulus plan
Barrabert
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If it will break this level, crypto will skyrocket. Based on the fundamentals I give it 70 percent chance.
FiveDayCrypto
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@Barrabert, I like our odds in the coming months! Short-term anything is possible, but I think the tides of the world economy are turning! Crypto era approaching. We are still early!
Barrabert
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@FiveDayCrypto, I agree. The crypto future is near while the whole world is in "flames"