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Expanded Flat Fib Extension Confluence with Pattern Targets

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Bitcoin (INDEX:BTCUSD)  
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INDEX:BTCUSD   Bitcoin
Parallel Channel Wedge Elliott Wave Bitcoin (Cryptocurrency) BTC BTCUSD expandedflat Falling Wedge
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parallelchannel wedgepattern elliottwaves bitcoin btc btcusd expandedflat fallingwedge
Multiple levels on the trend-based fib-extension for an expanded flat correction line up perfectly with the pattern targets for a falling wedge breakout and a proposed impending break of the parallel downtrend.
Comentário:
Depending on how DXY performs:

- If up relatively soon lower or higher high double-tops, depending on how fast
- If down or ranges between 98-105ish, or moves down below 98, new ATH possible

Chart to follow to illustrate these possibilities:
Comentário:
Comentário:
Further thoughts on DXY and how it could affect Bitcoin/Crypto and Stock markets shared here:

Market Recoveries: be Wary of DXY

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