This is using the idea of a Fractal taken from DXY PA from 1995 - 2002 - Similar 27% push up and then a retrace and then more
But the PA of DXY is pushing against the Neck line of a long Term Cup that has a lid at around 118 - DXY may keep trying to break it as it has previously but failed.
As mentioned in a previous post about Bitcoin, It has a choice to make by Mid April, which on the DXY chart, you can see has paused ( if it follows this fractal)
DXY may then push up once again to test 118 - this will lead Bitcoin to retrace below the long term support as it did in 2008, spiking down 29%
BUT as DXY gets rejected again off 118, BTC will recover strong....This is Just an idea BUT it seems to have confluence across a number of charts
Also, note the rejection after 3 rd attemp and sharp drop, also ties in with the 2024 New ATH for BTC on other charts
No proof of any of this
May not happen
Just something to watch
But the PA of DXY is pushing against the Neck line of a long Term Cup that has a lid at around 118 - DXY may keep trying to break it as it has previously but failed.
As mentioned in a previous post about Bitcoin, It has a choice to make by Mid April, which on the DXY chart, you can see has paused ( if it follows this fractal)
DXY may then push up once again to test 118 - this will lead Bitcoin to retrace below the long term support as it did in 2008, spiking down 29%
BUT as DXY gets rejected again off 118, BTC will recover strong....This is Just an idea BUT it seems to have confluence across a number of charts
Also, note the rejection after 3 rd attemp and sharp drop, also ties in with the 2024 New ATH for BTC on other charts
No proof of any of this
May not happen
Just something to watch