Doing your thing DXY! Update

This idea was originally published on New Year’s Day (linked below), and it played out almost perfectly. The bullish divergence was followed by a push of DXY to the upside, although slightly lower than depicted. BTC started a retracement as anticipated, although later and from a higher level that I could have imagined. This only proves my limited understanding of BTC’s behavior :).

At the moment for DXY there is one more bump upward in the making, most likely resulting in a lower high. A touch to the MA 100 (dotted green line) is expected just like in the previous wave. After the bump DXY will be facing a long slide downwards offering upward potential for cryptos, stocks and precious metals.

I hope you found these insights useful. Circumstances can change, so do your own analysis before making any investment decisions.

Trade safe and take care
Cheers
Whoop