RE: The dollar can only strengthen for so long...

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The dollar can only strengthen for so long...

in bitcoin •  2 years ago 

The thing is, Americans actually see this and think they would "win" at something.
It simply more about who fucked up the most is who slides first...

And this will find a pause, when the fed HAS to step in to relief pressure from their allies. Above DXY level of ~120ish is where the real turd hits the fan and systemetical default waves roll in. I expect them to take action quite soon, while charts hint at around October.

At the same time crypto markets are desperate to move showing lifesigns on every little piece of Hopium.

TLDR;
October potential emergency rug on USD to safe US allies, leading to upside correction across all markets probably for 3-4 weeks?

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Pretty much exactly how I am feeling as well, nice call.