WARNING: the bearish spring has arrived...
The dollar index shows how strong the dollar is compared to other currencies in the world.
When the DXY goes up, stocks, commodities and crypto go down and vice versa - this is simply because the dollar outperforms assets.
The DXY has been bearish for a long while which created inflated prices for assets and thus bull markets but now the tables have turned.
We can expect a mid term bearish momentum throughout the markets and strong corrections are not to be excluded.
I do not think this is the end of the crypto bull market but a bearish spring has arrived...
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
When the DXY goes up, stocks, commodities and crypto go down and vice versa - this is simply because the dollar outperforms assets.
The DXY has been bearish for a long while which created inflated prices for assets and thus bull markets but now the tables have turned.
We can expect a mid term bearish momentum throughout the markets and strong corrections are not to be excluded.
I do not think this is the end of the crypto bull market but a bearish spring has arrived...
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Comment:
DXY UPDATE: DXY retesting and finding support at the 0.382 FIB level; looking very bullish to me. Especially because the USA is still asleep; I expect more gains today and more corrections on the commodities, stock and asset markets and I expect this trend to continue for the coming weeks.
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