FREE DXY ANALYSIS Is U.S. Dollar About to Collapse -
Yello, ladies and gentlemen !
As you all know, when the DXY
(Dollar Index) grows, Bitcoin + altcoins drop, and vice versa.
Since June 2021 Dollar was against other currencies in a parabolic growth, FED was doing
everything possible to keep this fiat currency on the top of the market and their economy
as stable as possible. They are essentially helping themselves by
printing more to the circulation while forgetting about other factors that will put this currency's worth to zero in the future. And same happened to Salvador; they will be forced to
switch to crypto, which is at least backed by something more than thin air.
The change is very probable to start happening very soon! DXY is approaching major decade-long resistance and forming a bearish
Adam and Eve pattern. DXY is at overbought territory, with bearish divergence on MTF! For now, the market can still turn this LTF MSB into support and continue higher, but if we aggressively lose the low, then that's an
excellent start for a massive reversal in the crypto space
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