DXY Long - Target $0.94
SUMMARY: Long, when markets get spooked the DSXY rises - short term bullish
Note, I prepare this as a supplement to BTC price action.
-- Technical --
Above the EMAs and MAs - bullish
Has formed a reversal pattern with HHs and HLs.
However, we are in a rising wedge with a slight bearish divergence. Could break down if there is a pickup in sentiment.
-- Fundamentals --
CNN Fear index is 25 today, quite fearful.
money.cnn.com/data/fear-and-greed/?iid=EL
Note, I prepare this as a supplement to BTC price action.
-- Technical --
Above the EMAs and MAs - bullish
Has formed a reversal pattern with HHs and HLs.
However, we are in a rising wedge with a slight bearish divergence. Could break down if there is a pickup in sentiment.
-- Fundamentals --
CNN Fear index is 25 today, quite fearful.
money.cnn.com/data/fear-and-greed/?iid=EL
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