Hi guys,
Hope y'all having a great weekend. this time I came up with something different which is most important everyone misses to keep an eye on!
I'm comparing the DXY ( Dollar index ) with the bitcoin chart in the 4hour Time-frame.
As shown in the chart Dollar index was very week and dumping like hell from the 103 level. BTC , XAU ( Gold ) had a great time seeing huge pump and volatile market. And now the DXY seems to get into the recovery phase with a strong momentum and if this continues it is normal to see the king( BTC ) dipping down below 50k maybe. If that's a fake-out BTC will get back to the previous ATH and register a new ATH before dumping below 50k.
It has become normal to see some volatility in the weekends, but eventually comes back to normal after the Forex market open.
In this chart I tried to show you how the Ups and Down of the DXY directly affects in the Bitcoin market!
This weekend is interesting to see cuz there's a strong battle between BEARS and BULLS the price keeps constant with some wicks on the play!
DXY has to decide which direction and BTC mostly follow the exact opposite.
See you guys!
Happy trading!
Hope y'all having a great weekend. this time I came up with something different which is most important everyone misses to keep an eye on!
I'm comparing the DXY ( Dollar index ) with the bitcoin chart in the 4hour Time-frame.
As shown in the chart Dollar index was very week and dumping like hell from the 103 level. BTC , XAU ( Gold ) had a great time seeing huge pump and volatile market. And now the DXY seems to get into the recovery phase with a strong momentum and if this continues it is normal to see the king( BTC ) dipping down below 50k maybe. If that's a fake-out BTC will get back to the previous ATH and register a new ATH before dumping below 50k.
It has become normal to see some volatility in the weekends, but eventually comes back to normal after the Forex market open.
In this chart I tried to show you how the Ups and Down of the DXY directly affects in the Bitcoin market!
This weekend is interesting to see cuz there's a strong battle between BEARS and BULLS the price keeps constant with some wicks on the play!
DXY has to decide which direction and BTC mostly follow the exact opposite.
See you guys!
Happy trading!
But you can view it in your mobile or PC as a Snapshot!