This is the only chart that gives me hope.
It's a promising picture, especially for altcoins and cryptocurrencies.
The 14-year support level for the DXY was broken this month. This indicates that the dollar is losing strength.
As money printing continues, this loss of value will deepen.
If the January close continues to fall below this line—which is highly likely—the 14-year support will be completely gone, marking a clear trend break.
If the dollar weakens, risky assets like altcoins, stock markets, and commodities will breathe easier.
Keep an eye on this chart for a week, and then we might be able to buckle up (I'm serious).
The DXY is currently wrestling with its 10+ year support level. The monthly close here will give the crypto market serious direction.
