DOLLAR INDEX ( DXY )
Since inception of the Dollar were trading overall on the macro in a downwards channel with ultimate target is zero
but this is another story for another day ...
Why u should even care ? To understand the macro picture u need to understand that crypto is in generell an "anti FIAT "asset and having a very high negative correlation with the DOLLAR index ~ dollar uptrend = risk on assets / anti fiat down.
so with that having in mind , currently were breaking out of a 100y channel which last time happend 1984 at some point in future ill expect a revisit of this channel and ultimately another touch of the BOTTOM OF THE CHANNEL ---> THIS will be the time to UNLOAD as much ASSETS as u can & probably one of the best selling times of our lives.
Eitherway to break this macro channel is very bullish and very bad for crypto and the majority of assetsfor the shortterm/mid untill the vibration/TREND is changing...
so lets zoom more in to find out whats up in there :
Since inception of the Dollar were trading overall on the macro in a downwards channel with ultimate target is zero
but this is another story for another day ...
Why u should even care ? To understand the macro picture u need to understand that crypto is in generell an "anti FIAT "asset and having a very high negative correlation with the DOLLAR index ~ dollar uptrend = risk on assets / anti fiat down.
so with that having in mind , currently were breaking out of a 100y channel which last time happend 1984 at some point in future ill expect a revisit of this channel and ultimately another touch of the BOTTOM OF THE CHANNEL ---> THIS will be the time to UNLOAD as much ASSETS as u can & probably one of the best selling times of our lives.
Eitherway to break this macro channel is very bullish and very bad for crypto and the majority of assetsfor the shortterm/mid untill the vibration/TREND is changing...
so lets zoom more in to find out whats up in there :
DXY on the 1D
were currently in an active upside formation on harmonic vibration ~ strong uptrend
current targets are 111.11-112
theres also overperformance possible which we have to see when its time
at the time of writing 27.may.2022 were retracing a littl bit but on balance of prohabillity i have to expect targets to beeing hit .
TO CHANGE the macro trend we need to revisit the channel and ultimately breaking 94.5 support from that moment in time i turn insanely bearish.
untill then we will see what kind of structure we get after reaching targets , which could result into more selling pressure for crypto & all our loved other assets.