cheesetoast
Short

Dollar to lose strength

TVC:DXY   U.S. Dollar Currency Index
Head and shoulders pattern has trigger on DXY .

What does this mean for cryptocurrency?

One possibility is that we are about to see USD flow back to Bitcoin . Could this be the reason for the resurgence in Bitcoin prices today?

In a buy position on a number of USD crosses.

Trade safe.

Please give this trade idea a THUMBS UP and I will keep you updated!

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Comment: Geez, this head and shoulders pattern played out perfectly!
Comment: Further downside likely, larger H&S pattern forming.

Could this be a major turning point for the Dollar?
Comment:
Trade closed: target reached: Forgot to give an update.

Dollar capitulation at its best.
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