BTC USD longs if the USD bleeds
Hello traders and analysts,
We have seen a successful Bitcoin rush for the fresh supply/Alt High.
The USD remains under pressure to become cheaper for long exposure for the new year.
So long as the recovery of the US remains oncourse, then we will see further DXY weakness.
This does not track the USD, however the fresh rush into the coin has seen a new extension or consolidation into December - this will be an interesting month for flows.
Two scenarios
Exetnded target to break 20K
or
Downside to retest the previous wicked demand flow.
Many thanks,
Team Lupa
We have seen a successful Bitcoin rush for the fresh supply/Alt High.
The USD remains under pressure to become cheaper for long exposure for the new year.
So long as the recovery of the US remains oncourse, then we will see further DXY weakness.
This does not track the USD, however the fresh rush into the coin has seen a new extension or consolidation into December - this will be an interesting month for flows.
Two scenarios
Exetnded target to break 20K
or
Downside to retest the previous wicked demand flow.
Many thanks,
Team Lupa
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