The Monthly reveals a totally ‘flipped’ Bias

Wait 5 sec.

The Monthly reveals a totally ‘flipped’ BiasBitcoin / US DollarCOINBASE:BTCUSDMusicalNightKey points: That I see. The massive Cup forms from around Covid & extends upwards (100% move approx. occurs , text book, it’s the same vertical distance from bottom of cup to the top or where it breaks out from). For reference (only not financial advice) of something similar check out Tesla on the Monthly, its in a similar bullish Cup. Price on BTCUSD M has dipped lower into the FVG several times already. But higher lows as the dollar is starting to reveal its weakness & dominated by AUD and EUR (just for starters). 21 & 50 EMA. Even if the Bitcoin price drops back to 75 to 80k it would merely create more bullish squeeze on price as EMA ‘tapping’ will occur or where for example 21/50/200 are very close together. Final squeeze on Bitcoin price. ********************** But here’s, the thing, if AUDUSD tomorrow Monday makes some big waves on more talk of China bouncing back and investors reconsidering and many may sell US equities to align with local mining stocks as a climbing AUD would diminish their final profits & I see AUDUSD climbing to 0.71 by 2nd quarter. (Based off high timeframe tech analysis & inflationary markers may require a raise in the official housing rate down under , 2nd quarter perhaps).