Dollar Dominance Dilemma: Bull Run VS Hell Run

KarimMohsen Updated   
Hello Fellow Traders! πŸš€πŸ’Ή

🌐 Dollar Dominance Chart Analysis πŸ“ˆπŸ’΅

This chart holds significant implications for the dollar's dominance and the broader market.

πŸ“Œ Pattern Recognition: Flag Channel 🚩
We're currently observing a crucial pattern known as the flag channel. Typically, this pattern is bullish (confirmed upon breaking out from above).

πŸ’‘ Key Insight: Channel Position
Presently, we find ourselves at the channel's bottom. For the ongoing mini Bullrun to thrive and expand, a breakout below this channel is essential, validated by a weekly close with at least 2 candles.

🚨 Warning Signal: Breakout Above
Conversely, if the trend reverses and breaks out from above, brace yourself for market turmoil. This chart's dynamics are inversely correlated to BTC and the overall market.

πŸ“‰ Dollar Up = BTC Down
πŸ“ˆ Dollar Down = BTC Up
Got it? Simple, right?

πŸ” Consider this chart as your compass for predicting the next market move. Best of luck on your trades! πŸŒŸπŸ’°

Feel free to share your thoughts and happy trading! πŸŒπŸ“ŠπŸ’Ό

Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions.
Good luck.
I have updated this channel a bit ... we didn't break it down yet and till now $ is bullish in the medium and long term. Always leave some cash for this scenario


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