BTC Double-Top vs DXY Double-Bottom
Updated
4 hour chart comparison, negative correlation between Bitcoin and the Dollar Index.
I'm still bullish on BTC up to 73k, but I think we'll at least see 67.5k with the way these two are moving, possibly a pullback below 67k to around 60-65.
I'm still bullish on BTC up to 73k, but I think we'll at least see 67.5k with the way these two are moving, possibly a pullback below 67k to around 60-65.
Trade closed: target reached
All targets achieved on both charts. Possibility of another double top on the 8h TF here, if you wish to continue following. Atm, it dropped below its neckline and then saw a pullback above. DXY did the same for it's 8h TF double bottom, but has already moved back above it's neckline following its pullback below:
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