How DXY breaks from current setup would have major impact on both stock, commodity, and crypto.
We have rising wedge and symmetric triangle on 4H timeframe, both are continuation patterns.
Which means the director of breakout favors continuation, which is uptrend.
If DXY continues uptrend (negates the daily double top), stock has more pullbacks to go, gold is not likely to hold prev low (1680),
and BTC will spend much more times sub-20K. That is where the real bottom of this crypto bear market is formed.
We have rising wedge and symmetric triangle on 4H timeframe, both are continuation patterns.
Which means the director of breakout favors continuation, which is uptrend.
If DXY continues uptrend (negates the daily double top), stock has more pullbacks to go, gold is not likely to hold prev low (1680),
and BTC will spend much more times sub-20K. That is where the real bottom of this crypto bear market is formed.
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