This is my macro view using elliott wave theory.
The count starts from march 2008 when we have first impulse up wave 1 (red) ended in march 2009 than untill april 2011 we have a flat correction for wave 2 (red).
After we have another impulse that probbly is the start of the 3rd wave black count with a 4th wave expending triangle and now we are into 5th wave of the black count that is the extended wave.
Probably it ended the 3rd wave (blue count) of this extended 5th as the price already has hit 1.618 fib extension 1 vs 2 (blue count), also we have an important trend line that connects wave 1 (red count) with 3rd wave (black count) and wave d from the expended triangle (blue count). At small time frame the price has a rejection in this trend line.
Probably the price will make a correction for this 4th wave from this extended 5th wave (blue count) and will give BTC some oxigen to go up, but the price must stay above 103 as it must stay above 1st wave (blue count).
So I am short on DXY for this 4th wave(blue count).
The count starts from march 2008 when we have first impulse up wave 1 (red) ended in march 2009 than untill april 2011 we have a flat correction for wave 2 (red).
After we have another impulse that probbly is the start of the 3rd wave black count with a 4th wave expending triangle and now we are into 5th wave of the black count that is the extended wave.
Probably it ended the 3rd wave (blue count) of this extended 5th as the price already has hit 1.618 fib extension 1 vs 2 (blue count), also we have an important trend line that connects wave 1 (red count) with 3rd wave (black count) and wave d from the expended triangle (blue count). At small time frame the price has a rejection in this trend line.
Probably the price will make a correction for this 4th wave from this extended 5th wave (blue count) and will give BTC some oxigen to go up, but the price must stay above 103 as it must stay above 1st wave (blue count).
So I am short on DXY for this 4th wave(blue count).