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
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。