BTC - "Never bet against america" / 4th March - Bloody Thursday?

Low Volume and the price goes up 5 %??
In a day where dollar index went up and it reaching a critical level, i wouldn't be surprised to see a heavy move up in this index tomorrow and consequently a sell off in crypto.

All currencies have shown some weakness against the almighty dollar these last days, final breath before grave?!

We shall see, I'm out of crypto these next days!

Cheers

Kommentera:

It went down, is down 4.4 % on the day, but not as much as I imagined and definetly there was not the volume we would expect on a change of direction.

You do your due diligence but if I have to guess judging from normal patterns it will go up tomorrow to recover all lost this day and the party was postponed to this weekeend, saturday afternoon or Sunday.

Powell's speach sounded like a change of monetary policy is coming, that's why and as i wrote yesterday the DXY went up 0.7% today.

I wlll continue to be out of crypto for now until i see a clear indication of how the DXY will play

Kommentera:

It's up 2% on the day as I'm typing, it's going as planned, we will certainly see a major move this weekend, I wouldn't be surprised to see a sharp move below 30K

Kommentera:

If this theory is correct we have just reach the end of Wave B.
it's currently trading 50.7K