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Crypto boost from weakness in USD
Created on: 8/18/2020 7:34:46 PM   Last Update: 8/18/2020 7:38:10 PM Posted by: RTT

crypto-boost-from-weakness-in-usdHigh tech crypto is lifting off, but it is not acting on its own, other markets are assisting crypto higher.

Recently some great game changing news for Crypto investors.

From the 5 min mark.





Ethereum (ETH) is running hot on the DEFI boom (ChainLink), but as the chart shows the best ETH rallies are also paired with weakness in the US dollar. In short crypto rallies when there is true 'risk on' rally, stocks up, oil up, Euro up and dollar down. 


ETH




Of course a 'risk off' period would see a dramatic sell of crypto.



Re posting of the US Dollar bearish cycle.



DXY






More on the US dollar







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Investing Quote...

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