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Shotokhan
Feb 6, 2023 3:28 PM

DXY, 8 months and a pattern Long

U.S. Dollar Currency IndexTVC

Description

I think I've identified this Adam&Eve pattern and drawed that trendline around 8 months ago.... last week price retested the same trendline and seems to be bouncing. That's the magic of TA!

About DXY: it's going up, the first move was already as high as the EVE curve, I'd expect it to reach that high again but I wouldn't know if it'll rip over it. If this happens It means BTC and crypto will bleed. Assuming my analysis is correct I stand firm on the idea that bottom isn't in and new lows will come!

Good luck
Comments
JoeChampion
I agree on USD strength, keep it up Pal!
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