Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns
An inverse correlation between the crypto market and the DXY has often helped to signal when a bull rally is on the horizon. One of the most notable instances of this happened 9 years ago, and since then, the formation has not returned, until now, signaling a massive price surge in October. DXY Readies To Clock 12th Consecutive Candles In an X (formerly Twitter) post, crypto analyst TheCryptoMann has revealed an important formation in the DXY. The DXY is the United States Dollar Index which measures the value of the dollar to other major (6) currencies around the world. Related Reading: 3....
Related News
While the Bitcoin price seems to have deviated completely from the four-year cycle that dictated the previous bull and bear markets, there are still some similarities that remain that suggest that it could still play out in a similar way. The major similarity that has emerged is the formation of a bearish crab pattern back in 2021, and now, the same pattern has reappeared. Thus, taking a look at the direction of the 2021 formation could give an insight into where the Bitcoin price is headed next from here. The Pattern That Triggered The Bitcoin Price Explosion In an analysis, crypto....
In a recent interview, Chainlink’s co-founder, Sergey Nazarov, said the collapse of the banking industry will drive crypto mass adoption. Chainlink’s Co-Founder Predicts Crypto And Blockchain Prospects Over The Next Decade Sergey Nazarov believes that the collapse of the banking industry will favor crypto adoption and growth in the next decade. Related Reading: Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns Nazarov believes the crypto industry and its technological innovations might maintain the same slow growth pace. However, the industry player cited two....
The XRP price is seeing another triangle formation on its chart that could point to an impending rally. One important fact about this triangle formation is the fact that it led to a significant rally seven years ago, and if history repeats itself, then XRP may be set for a bullish wave. XRP Triangle Formation Signals Bullish Continuation In an analysis on TradingView, crypto analyst TradingShot pointed out that the XRP price is seeing another triangle formation. This formation comes from the culmination of a number of indicators, all of which have become bullish during this time. Related....
Brink, a nonprofit focused on financial support and mentorship for Bitcoin developers, has announced three new grant recipients.
Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media platform, Truth Social, and his wife’s non-fungible token (NFT) venture.
Former US President Trump Warns of a Massive ‘Explosion,’ Stating that Crypto Is ‘Very Dangerous’
Donald Trump commented on cryptocurrency, his wife’s non-fungible token (NFT)....