Comparaison BTC and DXY
Hello Investors,
Here is my DXY/BTC Analysis. We know now that the US dollar is directly correlated negatively to Bitcoin.
DXY: We can see a RSI Short Divergence in short term (October-November). This going to be a short correction before a future pump mostly affected by an excepted rising of the Interest Rate of the FED. Indeed, Wednesday, the good Employment Rate for the US can translate of a well being of the United States despite the rising of the Interest Rate since months now. We are waiting of a rising of the Interest Rate which can favorite a Long on the DXY.
BTC: Correlated Negatively, the short term short of the DXY is going to make the BTC pump for a better taking of the liquidity around 25k. After this, I am still waiting for the last dump around the
12K before the BTC Long term Pump.
Here is my DXY/BTC Analysis. We know now that the US dollar is directly correlated negatively to Bitcoin.
DXY: We can see a RSI Short Divergence in short term (October-November). This going to be a short correction before a future pump mostly affected by an excepted rising of the Interest Rate of the FED. Indeed, Wednesday, the good Employment Rate for the US can translate of a well being of the United States despite the rising of the Interest Rate since months now. We are waiting of a rising of the Interest Rate which can favorite a Long on the DXY.
BTC: Correlated Negatively, the short term short of the DXY is going to make the BTC pump for a better taking of the liquidity around 25k. After this, I am still waiting for the last dump around the
12K before the BTC Long term Pump. 
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.