The DXY has been going up 8 weeks straight and is now showing a classic rising wedge, a strong bearish pattern.
This is the daily timeframe:
This is the first time this index goes red. This is an overextended rally, a relief, correction or otherwise can easily develop.
The weekly timeframe shows the unsustainable rally and break of rising wedge:
When the DXY starts to go down (soon), Bitcoin will move up (fast).
Namaste.
This is the daily timeframe:
This is the first time this index goes red. This is an overextended rally, a relief, correction or otherwise can easily develop.
The weekly timeframe shows the unsustainable rally and break of rising wedge:
When the DXY starts to go down (soon), Bitcoin will move up (fast).
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
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🚨 FREE Quality Content + New Results
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t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
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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.