When the DXY trends in one direction, Bitcoin eventually follows the other way. The DXY tends to lead Bitcoin a bit so waiting for the DXY to begin a new downtrend would probably be a good time to start putting money back into crypto/Bitcoin.
Comment
⋅
Well this seems to be playing out nicely.
Comment
⋅
Still more pain ahead
Comment
⋅
Both are showing a sign of reversal, not sure if this is the moment or if it's gonna take a bit more time.
Comment
⋅
Was wrong - still parabolic. The wait continues
Comment
⋅
DXY showing lots of weakness here, even if it bounces again I believe it's still a great time to be dollar cost averaging.
Comment
⋅
DXY on a tear right now. Not sure if it will reach it's recent ATH of 113 or reverse before. Once clear signs of reversal begins capital should be fully deployed.
Comment
⋅
Downtrend confirmed on DXY, lower highs.
Spot ETF before EOY, halving in 165 days, election year.