DXY & BTCUSDT Quick Update April 13 2023
DXY & BTCUSDT Quick update
The DXY is printing a temporary double bottom support at 101
However, it doesn't not yet appear to be a highly probable reversal pattern as price is below the M21ema and the M macd is still negative.
Therefore, price would need to break the D21ema first, before a reversal to 105-106 could be constructed.
Will continue to monitor this important level as it will be affecting the BTC current bullish momentum towards the 40ks
The DXY is printing a temporary double bottom support at 101
However, it doesn't not yet appear to be a highly probable reversal pattern as price is below the M21ema and the M macd is still negative.
Therefore, price would need to break the D21ema first, before a reversal to 105-106 could be constructed.
Will continue to monitor this important level as it will be affecting the BTC current bullish momentum towards the 40ks
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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.
Related publications
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.