DXY Breakout = Be Ready for Incoming Alt Opportunities

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With DXY moving above its long term pattern it increases the potential of a breakout of its bullish pattern . While this spells pain for bitcoin and alts it may also offer its salvation .

The entire crypto market looks like its overdue for a flush of any kind to create momentum and velocity . A DXY breakout may provide this perfectly . In the short term it likely will have bearish connotations for vast majority of alts.. there seems to be plenty that will look prime for building positions in beyond a flush lower .

It is overly risky now to be onboarding over exposure to the current range .

That risk seems likely to decline as grander markets acclimatise to the central bank regime shift .

Be safe out there and as always keep your hats on

xo