DXY reversal towards the downside = Incoming BULLS (for BTC) ð
$DXY chart shows a reversal on a major resistance line on bigger time frames. With the huge futures close out this week, bitcoin reaching support line, leverage longs closed out, this is an indication for me that were reaching closer and closer to the bull run cycle in Q4 & Q1 2022. ALT SZN!
The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the dollar strengthens against these currencies and will fall if the dollar weakens against these currencies.
Altcoin Season Index: 55
www.blockchaincenter...ltcoin-season-index/
The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the dollar strengthens against these currencies and will fall if the dollar weakens against these currencies.
Altcoin Season Index: 55
www.blockchaincenter...ltcoin-season-index/