DXY pushing higher on the Weekly (which means trouble for BTC?)
The weekly DXY chart appears to have bottomed and turning higher, which likely will lead to some profit taking pullback on Bitcoin and crypto overall, which is not unexpected here.
I've outlined the zones here for where we could see more trouble for Bitcoin and crypto if the DXY pushes higher.
Of course if we breakdown below support, and DXY that heads lower, that would be in the crypto super rally zone.
I've outlined the zones here for where we could see more trouble for Bitcoin and crypto if the DXY pushes higher.
Of course if we breakdown below support, and DXY that heads lower, that would be in the crypto super rally zone.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Pro Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Pro Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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.