Bitcoin facing the bullrun support/resistance flip while dollar is gearing up for a double bottom
For both pairs there were similar pattern in the past what you can see below
If dollar completes the target of the potential double bottom then you can probably see bitcoin making a move back to support for a potential double bottom aswell
For both pairs there were similar pattern in the past what you can see below
If dollar completes the target of the potential double bottom then you can probably see bitcoin making a move back to support for a potential double bottom aswell
Note
DXY currently forming a possible eveningstarpattern on 3Day candles and lower highWhile btc is just consolidating under previous bullmarket support, you know consolidation under important resistance is bullish, you want to see big rejections at important resistance to be bearish, no consolidation
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.