DXY vs BTC - Use caution!!!
Hello traders, we have had an amazing pump today in the crypto markets, but do not FOMO. Looking at the DXY on the 4H we can see we have created a bullish divergence. Looking at BTC on the 30 minute we have created a bearish divergence. Historically, whenever the dollar goes up BTC goes down and vice versa. Therefore, I would use caution here at these levels and wait for a move back to the downside before potentially looking to go long. Carefully be watching the DXY as well as stocks and equities when they open tomorrow.
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.