DXY has broken down and is currently retesting a breakdown of this major ascending channel on the weekly - monthly time frame.
Applying this to equities and Bitcoin - we can anticipate a bull run spanning 3-6 years approximately.
Due to the major event of this retest here - I expect that Bitcoin and manipulated markets will see a flash crash of severe magnitude, popping the balloon of the over- leveraged market caps.
No black swan is needed to see this take place on Bitcoin. The charts been rising steadily and holding since 2023 - this attracts long leveraged positions and consequently their stop loss orders. Sell orders are cascading in the chart all the way down to 10,000 - and only fill when price crosses.
This is the event that will pop the bubble before we see stability in the bull run. I don’t expect the equities markets to drop substantially at all - rather I believe we will continue to rise for 3-6 years coinciding with DXY breakdown.
Applying this to equities and Bitcoin - we can anticipate a bull run spanning 3-6 years approximately.
Due to the major event of this retest here - I expect that Bitcoin and manipulated markets will see a flash crash of severe magnitude, popping the balloon of the over- leveraged market caps.
No black swan is needed to see this take place on Bitcoin. The charts been rising steadily and holding since 2023 - this attracts long leveraged positions and consequently their stop loss orders. Sell orders are cascading in the chart all the way down to 10,000 - and only fill when price crosses.
This is the event that will pop the bubble before we see stability in the bull run. I don’t expect the equities markets to drop substantially at all - rather I believe we will continue to rise for 3-6 years coinciding with DXY breakdown.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.