Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at?
The market seems to expect more...
We all know the drill, if $DXY is moving up, more speculative assets like $BTC and other #crypto #altcoins will trend down. Pressure is on as $DXY aims to reclaim the lost ground between 108/109 as the EU traders move to exit and US pre-market gets their ☕️'s brewing.
If we push back through to 109 and past 109.5, I expect to add onto my short $CRO positions and...
EU Open today bring more sideways action for us all. +-1-2% moves over night, nothing much, all things considering. The market has clearly tightened it's range for the past 2 days, anyway. Volatility is still expected, as we remain sandwhiched between two massive gappers on either side of $MSTR current levels in the $210-235 $300-325.
$DXY continues to show...
Nothing more satisfying than charting out FIB lines and fining the place where prices are stuck aligns exactly with the FIB golden pocket... what else is there to be said? Waiting out the results for the day of my $CRO trade; short still and holding. No more accumulation, watching $DXY and $MSTR as we go!
checking the 4hr ETH has been consolidating forming a flag bots could get switched to buy above the EMA's
first PT $4300
needs to get above 4150 to be bullish
Moving AVerages setting up for golden cross on the 4hr
CRO is working its way back to the support marked and looks strong. However, if BTC drops of course everything drops with it. If BTC still abled expect to see moves from here.
![CROUSD: 👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]](https://s3.tradingview.com/a/AgmrCuOI_mid.png "👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]")
![CROUSD: 📈 $DXY & $JPYX are on the rise [🔻$MSTR, $BTC, $EURX, $CNYU]](https://s3.tradingview.com/l/LILNpjE2_mid.png "📈 $DXY & $JPYX are on the rise [🔻$MSTR, $BTC, $EURX, $CNYU]")
![MSTR: Distribution signals flash at EU Open [$CRO, $MSTR, $BTC]](https://s3.tradingview.com/g/g4nm5uOz_mid.png "Distribution signals flash at EU Open [$CRO, $MSTR, $BTC]")
![CROUSD: $BTC faces resistance exactly where expected [$CRO, Golden R.]](https://s3.tradingview.com/r/ryFQ7PHN_mid.png "$BTC faces resistance exactly where expected [$CRO, Golden R.]")
