Potential Bear Flag on DXY Monthly
https://www.tradingview.com/chart/g0cFTxQN/?symbol=KUCOIN%3ABTCUSDT
We'll see how this plays out. I think we will see DXY at historic lows within the next few years. I believe this because the USD is on track to lose world reserve currency status and US government doesn't seem to be taking it as serious as they should.. If this was to happen, the USD would hyperinflate and interest rates would be forced to rise to extreme rates. De-dollarization could be the event that sends USD into a death spiral and ultimately a third world country. On the other hand, i think the people running the show in America are intelligent and won't allow for such an event but i think the force of de-dollarization is being underestimated. It will be interesting to see the DXY in future decades. My prediction is it goes into a slumber for a decade or two in the near future. Once BRICS release their alternative form of currency many countries would switch to it and cause a domino effect away from the dollar.. It's also possible we see many countries simply trading in their own pairs with a much more efficient system, potentially using DLT. We shall see.. Interesting times.
We'll see how this plays out. I think we will see DXY at historic lows within the next few years. I believe this because the USD is on track to lose world reserve currency status and US government doesn't seem to be taking it as serious as they should.. If this was to happen, the USD would hyperinflate and interest rates would be forced to rise to extreme rates. De-dollarization could be the event that sends USD into a death spiral and ultimately a third world country. On the other hand, i think the people running the show in America are intelligent and won't allow for such an event but i think the force of de-dollarization is being underestimated. It will be interesting to see the DXY in future decades. My prediction is it goes into a slumber for a decade or two in the near future. Once BRICS release their alternative form of currency many countries would switch to it and cause a domino effect away from the dollar.. It's also possible we see many countries simply trading in their own pairs with a much more efficient system, potentially using DLT. We shall see.. Interesting times.
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