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!
If it collapses, would it ever go back up or it is done? Besides crypto where else do you hide. Emerging markets (which emerging markets), Euro (they are also in bad shape).. any ideas are much appreciated.