Expecting 4h dip to be Short-Lived
Updated
Bitcoin and DXY tend to do the opposite of each other, even if they do the same thing on lower time-frames, they eventually catch up and move in a negatively correlated manner.
Bitcoin has dipped after tapping 31k. I believe the dip will be short-lived and we should see DXY continue down into lower 101s while Bitcoin continues up into the 32k area.
DXY 4h chart:
Bitcoin has dipped after tapping 31k. I believe the dip will be short-lived and we should see DXY continue down into lower 101s while Bitcoin continues up into the 32k area.
DXY 4h chart:
Comment
DXY hit my TP 1 overnight, still expecting Bitcoin to follow (in the opposite direction) soon:Comment
DXY hitting TP from above, in the perspective with Bitcoin:Comment
DXY reached my 1st target and has moved down towards TP 2, still expecting Bitcoin to follow (in the opposite direction)Trade active
Closed the daily above our highs as DXY moved down below 100, so far a successful re-test of those highs - expect we continue up to targets
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