19 September 2022
For me, the most important chart currently is the US Dollar index (DXY). On the one hand, it is a good proxy for inflation and therefore recession, and therefore Fed action (currently destructive to the market and probably by design). As the dollar rallies, it speaks to more economic stress and as a corollary the […]
13 September 2022
Here’s the Dollar Index (DXY) daily. While DXY falls, crypto vs. USD rallies. This chart is a projection of the price trajectory. The 20-week cycle has very likely topped and is headed down. This is the tailwind for the current decline and the next trough is not due until November. However, there should be a reaction rally in about […]
16 August 2022
One thing to consider when looking at Bitcoin is the strength or weakness of the US dollar – 85% of Bitcoin trading being US dollar based. The way most market participants look at the US dollar is through the DXY Index, which factors in a basket of six currencies: the Euro, Japanese yen, Canadian dollar, […]
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