BTC BULLISH RALLY MIGHT START FROM NEXT WEEK! HERE'S WHY??
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Welcome to this important BTC and Dollar index comparison. Dollar index is inversely proportional to the BTC.
We might see a bullish rally in BTC from next week. Here's the reason.
As you see in the chart of DXY, it is reaching its major resistance level which is at around 103 level. Previously two times we saw the rejection in the Dollar index exactly at this same level.
While the Dollar index gets rejected a new bullish rally starts in BTC. So if we get the rejection from the same level this time also then we witness another bull run of BTC.
Invalidation level:- If DXY breaks and closes above the 103 level (Any weekly candle) then this chart becomes invalid.
Let's hope that we got the rejection this time also and we see a new bull run of BTC.
What do you think about this?
Do you think DXY gets rejected from the resistance and we see a bull run or do you think that it breaks the resistance level this time?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this important BTC and Dollar index comparison. Dollar index is inversely proportional to the BTC.
We might see a bullish rally in BTC from next week. Here's the reason.
As you see in the chart of DXY, it is reaching its major resistance level which is at around 103 level. Previously two times we saw the rejection in the Dollar index exactly at this same level.
While the Dollar index gets rejected a new bullish rally starts in BTC. So if we get the rejection from the same level this time also then we witness another bull run of BTC.
Invalidation level:- If DXY breaks and closes above the 103 level (Any weekly candle) then this chart becomes invalid.
Let's hope that we got the rejection this time also and we see a new bull run of BTC.
What do you think about this?
Do you think DXY gets rejected from the resistance and we see a bull run or do you think that it breaks the resistance level this time?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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