DXY and BTC in Reversal Patterns...Correlated?
Here's a look at the the Inverted DXY vs the BTC chart for the last 1.5 years.
They have an eerie correlation to one another.
The DXY is currently in a REVERSE HEAD AND SHOULDERS PATTERN at the same time that Bitcoin is in a SYMMETRICAL TRIANGLE that could, potentially, break to the downside.
If the DXY rises...does this mean that Bitcoin will FALL????
Money is money. Bitcoin is just another money after all.
Peace, Love, & Crypto,
B166er
They have an eerie correlation to one another.
The DXY is currently in a REVERSE HEAD AND SHOULDERS PATTERN at the same time that Bitcoin is in a SYMMETRICAL TRIANGLE that could, potentially, break to the downside.
If the DXY rises...does this mean that Bitcoin will FALL????
Money is money. Bitcoin is just another money after all.
Peace, Love, & Crypto,
B166er
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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.