DXY (US Dollar Index) vs BTC (Bitcoin) | Inverse Relation
Updated
I just shared a chart for the US Dollar Index (DXY) which is super bullish.
Everything is pointing up.
If you've been reading my Bitcoin analysis for the past 10 days, you can tell we are bearish, everything is pointing down.
DXY vs Bitcoin
If this inverse relation continues, this is how things will go.
DXY goes very high while BTC's correction intensifies even more.
This can easily happen.
After a bullish wave, a correction comes. (BTC)
After a bearish wave, prices tend to go up. (DXY)
Do you agree with this analysis?
Leave a comment and let us know.
Namaste.
Everything is pointing up.
If you've been reading my Bitcoin analysis for the past 10 days, you can tell we are bearish, everything is pointing down.
DXY vs Bitcoin
- We have the DXY coming out of a bottom pattern/formation, breaking resistance aiming upwards.
- We have BTC hitting new All-Time Highs/Peaked, breaking support aiming lower.
If this inverse relation continues, this is how things will go.
DXY goes very high while BTC's correction intensifies even more.
This can easily happen.
After a bullish wave, a correction comes. (BTC)
After a bearish wave, prices tend to go up. (DXY)
Do you agree with this analysis?
Leave a comment and let us know.
Namaste.
Note
Right on target.There will be more.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.