We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C.
A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail.
@CryptoBWS, It's not really DXY that matters but the rising rate of USCPI. You could actually say USD is reversed when considering USCPI; same is true for EUR and EUCPI. These old farts at the central bank want you to believe USD is becoming stronger by appealing to your patriotism but it's really not!
Vibranium_Capital
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@CryptoBWS, agreed, people keep ignoring this though saying btc to 10k
wargolynch
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@Vibranium_Capital, The dollar moving against other national currencies, mainly because those are losing value against dollar and not the other way around since all currencies are currently tanking in buying power, is absolutely useless for any BTCUSD forecast.
arcone
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Would appriciate an update on this idea!
Platinum-Markets
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Well, you might be right, or maybe not.
wargolynch
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Agreed with your latest analyses, but this one seems overstretched. The 10k zone is solid, so wait and see.