The crisis began on November 10, 2021

2021年12月2日

On the chart we see a declining wedge, which has formed since March 2020. On February 1, 2021, it was broken up. Then we see the formation of the double bottom. In June 2021, DXY began to grow and followed the trend. He subsequently tested strong resistance 94.5. It was not until November 10 that this level was surpassed for the first time since July 24, 2020. I consider this breakout to be the beginning of the crisis. All time high on Bitcoin was reached that day. Since then, USOIL has also fallen and now S&P500 has joined. When we look at the monthly DXY chart, we see a huge declining channel and now a triangle has been forming in it since January 2017. Now DXY is heading for the upper trend line of the triangle, which is somewhere at 102 points. That would mean another drop in the market.