On the weekly BTC printed a Doji and a Bearish engulfing candle.
On the Weekly RSI, there is a support being tested.
On the 4h there might be some bullish divergence on the RSI.
I must say that I am not a financial advisor and
therefore do what you want with this information as each trade is unique.
On the Weekly RSI, there is a support being tested.
On the 4h there might be some bullish divergence on the RSI.
I must say that I am not a financial advisor and
therefore do what you want with this information as each trade is unique.
Note
DXY breakout might force BTCUSD to go further down...Note
DXY still moving higher.Possible DXY bullish target before reversing
Note
DXY daily candle might be closing with a doji...might be bullish for BTC.Notice as well that the RSI is topping on the channel that is it is currently in.
I am of the opinion that the DXY might still go a bit higher as the daily and weekly RSI have some room.
Note
Possibility of bearish engulfing on the Daily Candle for the DXY:
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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.