The DXY is at a pivotal point here, and potentially breaking higher into a new upward trend channel.
This would be bad for Bitcoin and crypto overall as the DXY has a strong inverse relationship.
If the DXY stays in this area and drifts lower we could see a short-term crypto rally including Bitcoin and Ethereum.
If it breaks up above the 103.5 to 104 level, then we're into a crypto pullback zone.
If we continue dropping back into the downward trending channel then we're in the crypto rally a zone, and possibly even down below 100 into the crypto super pump rally zone.
Hard to say here...
This would be bad for Bitcoin and crypto overall as the DXY has a strong inverse relationship.
If the DXY stays in this area and drifts lower we could see a short-term crypto rally including Bitcoin and Ethereum.
If it breaks up above the 103.5 to 104 level, then we're into a crypto pullback zone.
If we continue dropping back into the downward trending channel then we're in the crypto rally a zone, and possibly even down below 100 into the crypto super pump rally zone.
Hard to say here...
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.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.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.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.