Late April I made an analysis on the Dollar Index (DXY). In that analysis I argued that the DXY had a huge impact on the price of Bitcoin and crypto in general.
Since then, the DXY has risen further and Bitcoin's price fell from $39k to $29k. However, there might finally be a light at the end of the tunnel.
If you look back at the DXY's history, you see that it trends very strongly. We either go up very hard or down very hard. Furthermore, the DXY has been severely overbought on the weekly RSI, and is currently seeing the biggest correction we've seen in a very long time.
If the bearish move continues, we can expect further bullish price action for the crypto and stock markets.
Since then, the DXY has risen further and Bitcoin's price fell from $39k to $29k. However, there might finally be a light at the end of the tunnel.
If you look back at the DXY's history, you see that it trends very strongly. We either go up very hard or down very hard. Furthermore, the DXY has been severely overbought on the weekly RSI, and is currently seeing the biggest correction we've seen in a very long time.
If the bearish move continues, we can expect further bullish price action for the crypto and stock markets.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。