DXY (US Dollar Index) has been on the move in the last few days. Index is rising from 90 levels to 93. This rise caused trouble for Bitcoin and developing countries.
What will be next?
Some people say the dollar will rise anormally.
Do you think this will happen?
Here is weekly chart of DXY. It broke down bullish trend a few weeks ago.
Here is daily chart of DXY. It is end of the mini bullish trend. It can be ended at 93 where is 200*day average and Bullish trend line coming from weeks. The line may be resistance for daily chart.
I think 93 is end of short story...
Because Monthly chart of DXY shows that DXY goes to 50. It will be end of US Dollar and limited quantity currencies will alive... Bitcoin is one of them!
I guess, the correction is over? it seems like a healthy correction
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Yes I think It is correction.
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