Hello! I noticed something interesting when looking at the BTCUSD and DXY monthly charts. Simply put, when DXY goes down, BTC goes up and vise versa.
The DXY weekly chart has formed some bearish divergence on the RSI 14 close, looks like price might be ready for a correction to the downside.
Do you think this could help start a crypto bull run?
Thanks for looking, please comment any questions or critiques! Not financial advice.
The DXY weekly chart has formed some bearish divergence on the RSI 14 close, looks like price might be ready for a correction to the downside.
Do you think this could help start a crypto bull run?
Thanks for looking, please comment any questions or critiques! Not financial advice.
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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.