I thought i would share my idea, its very brief.
The DXY is still in its downtrend and now is at the top of its downtrend line. Its worth noting that it is in an acending wedge which more likely play out to the downside.
But also it is at strong resisitance, this is the level it hit on 20 march 2020 and tanked, so could we see the same?
One area to note is the orange circle, if the DXY goes down be mindful of the potential double bottom right there.
If DXY drops, stocks, BTC will follow :)
Anything can happen so please always do your own due dilligence :) But im bullish on BTC and probability suggests downside for the dollar?
The DXY is still in its downtrend and now is at the top of its downtrend line. Its worth noting that it is in an acending wedge which more likely play out to the downside.
But also it is at strong resisitance, this is the level it hit on 20 march 2020 and tanked, so could we see the same?
One area to note is the orange circle, if the DXY goes down be mindful of the potential double bottom right there.
If DXY drops, stocks, BTC will follow :)
Anything can happen so please always do your own due dilligence :) But im bullish on BTC and probability suggests downside for the dollar?
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.