$BTC will move against the increase of price in $DXY (cme gap)
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If you look at this chart & you don't think the $9600 USD cme gap will get filled you're LYING to yourself.
in comparison to March 2020 ~ we've only seen a drop of $2,697 USD
In March the total drop was $6659 USD total. This means we've only dropped about 33% of the total amount previously seen in March of 2020.
Open interest: on Sept 5th we broke a 6 month long uptrend (trend-line) that brought us from $3858 to $12472.
If the yearly top has been priced in, and knowing we've broken below the trend-line (support is broken) ~ i wouldn't be surprised if this move isn't over.
$DXY / $USD
About to send it ~ the road to $0.94
$BTC should see a slow decrease in price to trap longs, followed by a more fast paced drop once $DXY really takes off. if this plays out $SPX will push downwards in price, holding $3350 as a resistance.
If you look at this chart & you don't think the $9600 USD cme gap will get filled you're LYING to yourself.
in comparison to March 2020 ~ we've only seen a drop of $2,697 USD
In March the total drop was $6659 USD total. This means we've only dropped about 33% of the total amount previously seen in March of 2020.
Open interest: on Sept 5th we broke a 6 month long uptrend (trend-line) that brought us from $3858 to $12472.
If the yearly top has been priced in, and knowing we've broken below the trend-line (support is broken) ~ i wouldn't be surprised if this move isn't over.
$DXY / $USD
About to send it ~ the road to $0.94
$BTC should see a slow decrease in price to trap longs, followed by a more fast paced drop once $DXY really takes off. if this plays out $SPX will push downwards in price, holding $3350 as a resistance.