DXY RSI compared to BTC
DXY/RSI bottoms mark the BTC top. Conversely, BTC bear markets generally occur when the DXY ranges before it drops and the bull market starts.
The multi diagonal and horizontal trending resistance should offer a solid rejection given how hot the dollar came into this zone. The inevitable fed pivot may just provide that drop-off we need for the macro trend to reverse.
DXY/RSI bottoms mark the BTC top. Conversely, BTC bear markets generally occur when the DXY ranges before it drops and the bull market starts.
The multi diagonal and horizontal trending resistance should offer a solid rejection given how hot the dollar came into this zone. The inevitable fed pivot may just provide that drop-off we need for the macro trend to reverse.
Note
Resistance broken! No sign of top formation yet
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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.
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.