PLEASE LIKE SHARE AND COMMENT THIS IS WORTH TAKING A LOOK AT!
If you aren't paying attention to the digital asset market. Now is the time. MAY IS IMPORTANT and so will NOV AND DEC be of this year for many reason and some I cannot share.
In the near future we will see a lot of transfer of wealth between fiat currency and digital assets because the new market is destine to be designed by the leaders of the world we have today. I believe that a massive drop is imminent. I had to show the weekly because I can literally see so much in it.
The dollar dinosaur is about to take another bite. You can see by how much resistant and slow chicken scratch movements we have had in this market since May of 2018. You can also zoom out and see that the weekly is a downtrend and we had a QUICK correction up to 61% on the weekly for our fib zone after the pinch of the DXY on July 7th 2014. Just recently we filled a gap that was on April 17th 2017... This was the exact timeline that bitcoin and alt coins started to make a run for its money to the ATH of the digital asset realm. By Jan 2018 the digital asset bull run was over and new millionaires were born. Imagine that? The downtrend of the DXY stopped the same month and found support perfectly on the red ribbon at 89-90. As people pulled out their profits... out of this 800 Billion dollar market (at that time)... we started to slowly see the bear market form for 2 years & at the same time the dollar began to go back up..Now we are heading into phase 2 of the digital asset realm, we have the corona virus on the verge of another global health crisis, we had trade wars and still do, OIL is making a run to 60 if not higher and by the end of the year 2023 the dollar will once again return strength into the market and this is where we can see a massive run up like we had in 2014. ...
Now all of this is a story telling us that we are heading into a new era. But there is a lot of fundamental truth behind these movements from our recent past years leading into 2020 and to me it says back to 90 - 87 we go.
Current status - Dollar can go as high as 101 but will fail
When we get to 92 its all up to you. HERE IS NO MANS LAND and we can either turn quickly bullish or ABCD down to the marker of 2023 (the orange circle). This would close the 2014 mini gap, break the low of Jan 2018 at the 127% pullback zone marking point D and give the dollar the kinda push it needs to jump to making a wave 3 beyond 100. This to me will happen around late 2023 - 2025 (marking another 2 yr DXY bullrun)
If you find this useful please hit that like button and show some love. Comment your thoughts below and let me know what you think! As always GLHF, manage risk, and lets keep grinding!
PS> ZOOM OUT OF THIS WEEKLY TO SEE MORE DETAILS
If you aren't paying attention to the digital asset market. Now is the time. MAY IS IMPORTANT and so will NOV AND DEC be of this year for many reason and some I cannot share.
In the near future we will see a lot of transfer of wealth between fiat currency and digital assets because the new market is destine to be designed by the leaders of the world we have today. I believe that a massive drop is imminent. I had to show the weekly because I can literally see so much in it.
The dollar dinosaur is about to take another bite. You can see by how much resistant and slow chicken scratch movements we have had in this market since May of 2018. You can also zoom out and see that the weekly is a downtrend and we had a QUICK correction up to 61% on the weekly for our fib zone after the pinch of the DXY on July 7th 2014. Just recently we filled a gap that was on April 17th 2017... This was the exact timeline that bitcoin and alt coins started to make a run for its money to the ATH of the digital asset realm. By Jan 2018 the digital asset bull run was over and new millionaires were born. Imagine that? The downtrend of the DXY stopped the same month and found support perfectly on the red ribbon at 89-90. As people pulled out their profits... out of this 800 Billion dollar market (at that time)... we started to slowly see the bear market form for 2 years & at the same time the dollar began to go back up..Now we are heading into phase 2 of the digital asset realm, we have the corona virus on the verge of another global health crisis, we had trade wars and still do, OIL is making a run to 60 if not higher and by the end of the year 2023 the dollar will once again return strength into the market and this is where we can see a massive run up like we had in 2014. ...
Now all of this is a story telling us that we are heading into a new era. But there is a lot of fundamental truth behind these movements from our recent past years leading into 2020 and to me it says back to 90 - 87 we go.
Current status - Dollar can go as high as 101 but will fail
When we get to 92 its all up to you. HERE IS NO MANS LAND and we can either turn quickly bullish or ABCD down to the marker of 2023 (the orange circle). This would close the 2014 mini gap, break the low of Jan 2018 at the 127% pullback zone marking point D and give the dollar the kinda push it needs to jump to making a wave 3 beyond 100. This to me will happen around late 2023 - 2025 (marking another 2 yr DXY bullrun)
If you find this useful please hit that like button and show some love. Comment your thoughts below and let me know what you think! As always GLHF, manage risk, and lets keep grinding!
PS> ZOOM OUT OF THIS WEEKLY TO SEE MORE DETAILS
Comment:
Remember...we get to 92... RISK ON because buyers will attack!
