Browse Symbol Stacks: $DXY: slopechart_$DXY.jpg

slopechart_$DXY.jpg

Have a dollar thing, and some opinion on other... ahem, currencies? 

I'd expect if the bulls want to go on a tear, this one needs to go the other way. 

Cryptoshere is in a tizzy. The sherriff is making the rounds. 

I enjoy watching crypto and trading them. However, the amount of fraud, approaching industrial scale in the last boom, openly adopted by venture capitalists for the sole purpose of raking in as much cash as possible in the shortest amount of time, if looked at from the perspective of the entire endeavour, makes Sam Bankman-Fried appear to be an amateur. 

Get out the way is my observation. Won't be a whole lot left standing once the commodities/securities thing is sorted out. 

And said venture operators are probably going to walk.

Image added via SlopeCharts
slopechart_$DXY.jpg

Comments

moneymiser21moneymiser21
A bullish DXY into the Ides of March, then whammo bearish dollar sounds about right from a historical seasonality perspective 2/9/23
Mr. WizardMr. Wizard
The dollar chart LZ posted with the bull years in question - there was a similar correction in the first bull cycle, roughly the same magnitude as the one we're in now. 2/9/23
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