Inverted HS Forming on Bitcoin?
Updated
Just a quick thought here - this would fake out the bulls and the bears for a little while, and would correspond with DXY moving up very soon from the re-test of the channel it broke out of (area around 99-104 LFTs, 101-103 HTFs).
Failure or success of the HSi would hinge on DXY movement as well:
See related DXY ideas below.
Not marking this as long or short, just want to see if the pattern plays out and then fails and moves down or succeeds and moves up to either set of targets on the chart.
Failure or success of the HSi would hinge on DXY movement as well:
See related DXY ideas below.
Not marking this as long or short, just want to see if the pattern plays out and then fails and moves down or succeeds and moves up to either set of targets on the chart.
Note
Another view of DXY:
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