AS I MARKED, THIS BIG MONTHLY CANDLE PRINTED BY THE DXY IS SHOWING A LOT OF STRENGTH BY THE $DOLLAR WHICH COULD THEORETICALLY PUMP A BIT HIGHER BEFORE I REALLY START TO WORRY, IF WE BREAK THE TL AT AROUND 93.00 THEN I'LL BE EVEN MORE SKEPTICAL THAT CRYPTOS CAN RECOVER THE DIP EASILY.
THE CORRELATION BETWEEN THE DXY AND THE CRYPTOS IS REALLY SIMPLE: CRYPTOS ARE THE HEALTHIER ALTERNATIVE OF THE DOLLAR AND THE CURRENT FINANCIAL SYSTEM, IF THE DOLLAR KEEPS ON PERFORMING WELL THERE IS NO REASON TO SWAP WORLD CURRENCY FOR A DIGITAL ONE. I PERSONALLY BELIEVE THERE ARE MANY REASONS TO STILL OPT FOR BTC INSTEAD OF THE $ BUT THE MARKET REACTS DIFFERENTLY, IT DOESN'T HAVE BRAIN NOR SOUL.
CRYPTOS FOR THE LONG HAUL ARE GONNA FULFIL OUR DEEPEST DREAMS BUT FOR NOW WE JUST GOT TO SURF THE WAVE UNTILL IT LASTS.
PAY ATTENTION ON THE DXY AND HOW IT WILL BEHAVE IN THE SHORT TERM TO HAVE A TRUE HINT OF HOW THE CRYPTOSPACE WILL MOVE IN THE SHORT TERM.
DON'T FORGET TO LIKE AND FOLLOW FOR MORE CONTENT.
THE CORRELATION BETWEEN THE DXY AND THE CRYPTOS IS REALLY SIMPLE: CRYPTOS ARE THE HEALTHIER ALTERNATIVE OF THE DOLLAR AND THE CURRENT FINANCIAL SYSTEM, IF THE DOLLAR KEEPS ON PERFORMING WELL THERE IS NO REASON TO SWAP WORLD CURRENCY FOR A DIGITAL ONE. I PERSONALLY BELIEVE THERE ARE MANY REASONS TO STILL OPT FOR BTC INSTEAD OF THE $ BUT THE MARKET REACTS DIFFERENTLY, IT DOESN'T HAVE BRAIN NOR SOUL.
CRYPTOS FOR THE LONG HAUL ARE GONNA FULFIL OUR DEEPEST DREAMS BUT FOR NOW WE JUST GOT TO SURF THE WAVE UNTILL IT LASTS.
PAY ATTENTION ON THE DXY AND HOW IT WILL BEHAVE IN THE SHORT TERM TO HAVE A TRUE HINT OF HOW THE CRYPTOSPACE WILL MOVE IN THE SHORT TERM.
DON'T FORGET TO LIKE AND FOLLOW FOR MORE CONTENT.