SFP on DYX

1 Eyl 2022

DYX just took the high of September 2002 and it looks like an SFP. this level is lining up with the 0.78 fib level. I am not saying that it will immediately reverse now and goes down but there is the possibility and we should look at that. I don't actually short DYX right now because of the fundamentals and positive data that comes out of the American market but there is the setup. the confirmation of this idea is changing MS in DXY which hasn't happened yet. I use this index as a confluence to my bias about how this could affect other markets. DYX goes up, legacy market and crypto go down. if DXY goes down the crypto and legacy market go up.