Hi all
DXY appears to be strong. Since it is not a good idea to go against the trend, I'll be ready for the best or the worst case scenario. Depends if you want to dca lower or you are too exposed!
Above 9/21 WEMA the trend is very strong.
Under 21 WEMA we can see DXY go lower.
The final move for the bulls is a fib.702 retrace, which is often bearish in cryptocurrency.
Oscillators can form a divergence for the next weeks and then go lower.
The market is bearish and the worst is expected for Q4 2022 - Q1 2023.
If the market is bearish, accumulation is key, if it's bullish, taking profits is key.
Always patience and strategy wins.
DXY appears to be strong. Since it is not a good idea to go against the trend, I'll be ready for the best or the worst case scenario. Depends if you want to dca lower or you are too exposed!
Above 9/21 WEMA the trend is very strong.
Under 21 WEMA we can see DXY go lower.
The final move for the bulls is a fib.702 retrace, which is often bearish in cryptocurrency.
Oscillators can form a divergence for the next weeks and then go lower.
The market is bearish and the worst is expected for Q4 2022 - Q1 2023.
If the market is bearish, accumulation is key, if it's bullish, taking profits is key.
Always patience and strategy wins.
