DXY Peaking = Crypto Near Bottom
A trend 20 years in the making suggests we are a month or 2 away from a stock/crypto rally. So what are we waiting for?
SPX is still making lower lows, but may put an end to that this week. If so, it can start an accumulation phase. Meanwhile, BTC has managed to confirm slight higher lows, which is displaying relative strength to the stock market and has already began accumulating.
In previous posts I outlined my thesis that 33K was the local bottom for BTC. Despite everything that has happened in the world, this remains true for now. Until that is invalidated, I'm quite happy to wait patiently.
P.S depression is increasing on Crypto Twitter. This is another impending bottom signal.
SPX is still making lower lows, but may put an end to that this week. If so, it can start an accumulation phase. Meanwhile, BTC has managed to confirm slight higher lows, which is displaying relative strength to the stock market and has already began accumulating.
In previous posts I outlined my thesis that 33K was the local bottom for BTC. Despite everything that has happened in the world, this remains true for now. Until that is invalidated, I'm quite happy to wait patiently.
P.S depression is increasing on Crypto Twitter. This is another impending bottom signal.
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