DXY Breakout = Be Ready for Incoming Alt Opportunities
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If you got something out of one of our posts and want to keep updated on the latest make sure to follow our trading view .
A lot of consideration has gone into these ideas however they are not made with anyone else in mind and you should NOT CONSIDER IT PERSONAL FINANCIAL ADVICE .
#ENSLONG
With DXY moving above its long term pattern it increases the potential of a breakout of its bullish pattern . While this spells pain for bitcoin and alts it may also offer its salvation .
The entire crypto market looks like its overdue for a flush of any kind to create momentum and velocity . A DXY breakout may provide this perfectly . In the short term it likely will have bearish connotations for vast majority of alts.. there seems to be plenty that will look prime for building positions in beyond a flush lower .
It is overly risky now to be onboarding over exposure to the current range .
That risk seems likely to decline as grander markets acclimatise to the central bank regime shift .
Be safe out there and as always keep your hats on
xo
If you got something out of one of our posts and want to keep updated on the latest make sure to follow our trading view .
A lot of consideration has gone into these ideas however they are not made with anyone else in mind and you should NOT CONSIDER IT PERSONAL FINANCIAL ADVICE .
#ENSLONG
With DXY moving above its long term pattern it increases the potential of a breakout of its bullish pattern . While this spells pain for bitcoin and alts it may also offer its salvation .
The entire crypto market looks like its overdue for a flush of any kind to create momentum and velocity . A DXY breakout may provide this perfectly . In the short term it likely will have bearish connotations for vast majority of alts.. there seems to be plenty that will look prime for building positions in beyond a flush lower .
It is overly risky now to be onboarding over exposure to the current range .
That risk seems likely to decline as grander markets acclimatise to the central bank regime shift .
Be safe out there and as always keep your hats on
xo
