DXY has a (double) bottom pattern easily seen with emaflow bands - if trend strong (emaflow oscillators at the bottom) and fed balance & inflation increasing (or not decreasing at all) - we might get two types:
1. a double bottom purple is below red (mid trend) - this is bottoming event for dxy - for btc this means that depending on the existing trend btc usually changed correlation - if btc in an uptrend/ bullish it will generate a bullish triangle.
2. a bullish pullback double bottom where purple stays above pink and usually produces final blow off top for btc.
Note:
- once dxy breaks the purple band - be ready for changes between dxy and btc.
- dxy does not affect btc without breaking the short trend first historically (small pattern tho - so take care)
In bearmarket:
bottom signals with downtrend price action will generate bearish triangle - the emaflow oscillators will trend down even when dxy moving up - plenty of negative inflation bars.
1. a double bottom purple is below red (mid trend) - this is bottoming event for dxy - for btc this means that depending on the existing trend btc usually changed correlation - if btc in an uptrend/ bullish it will generate a bullish triangle.
2. a bullish pullback double bottom where purple stays above pink and usually produces final blow off top for btc.
Note:
- once dxy breaks the purple band - be ready for changes between dxy and btc.
- dxy does not affect btc without breaking the short trend first historically (small pattern tho - so take care)
In bearmarket:
bottom signals with downtrend price action will generate bearish triangle - the emaflow oscillators will trend down even when dxy moving up - plenty of negative inflation bars.
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