DXY US Dollar Index (Y21.P1.E6.1).TA.Short term
Updated
Hi All,
Short term there is a high probability that the USD will bounce here as its over extended on a number of indicators.
Its also approach a pivot level derived from previous price action.
We are and should continue to see a reversal structure on the daily and 4 hrly chart.
So if the USD wants to pump, it will likely effect BITCOIN and the stock markets.... Just like previous years where January or early Feb, BTC and stocks drop.
Observer 4 HRLY Chart.
With BTC, note when DXY drops more, BTC moves higher.
Now DXY goes higher, BTC starts to drop.
Coincidence?
All the best,
S.SAri
4 HRLY CHART
WEEKLY CHART
Short term there is a high probability that the USD will bounce here as its over extended on a number of indicators.
Its also approach a pivot level derived from previous price action.
We are and should continue to see a reversal structure on the daily and 4 hrly chart.
So if the USD wants to pump, it will likely effect BITCOIN and the stock markets.... Just like previous years where January or early Feb, BTC and stocks drop.
Observer 4 HRLY Chart.
With BTC, note when DXY drops more, BTC moves higher.
Now DXY goes higher, BTC starts to drop.
Coincidence?
All the best,
S.SAri
4 HRLY CHART
WEEKLY CHART
Note
Note
So far the theory holds true. USD goes up, BTC goes down.Note
my fractal is playing out perfectly
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This community has signals now but with no risk management comms.
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