DXY (US Dollar Index) vs BTC (Bitcoin) | Inverse Relation

23 thg 11, 2021

I just shared a chart for the US Dollar Index (DXY) which is super bullish.
Everything is pointing up.

If you've been reading my Bitcoin analysis for the past 10 days, you can tell we are bearish, everything is pointing down.

DXY vs Bitcoin

• We have the DXY coming out of a bottom pattern/formation, breaking resistance aiming upwards.
  
• We have BTC hitting new All-Time Highs/Peaked, breaking support aiming lower.
  

If this inverse relation continues, this is how things will go.

DXY goes very high while BTC's correction intensifies even more.

This can easily happen.
After a bullish wave, a correction comes. (BTC)
After a bearish wave, prices tend to go up. (DXY)

Do you agree with this analysis?
Leave a comment and let us know.

Namaste.

24 thg 2, 2022

Ghi chú

Right on target.
There will be more.