Comparaison BTC and DXY
Hello Investors,
Here is my DXY/BTC Analysis. We know now that the US dollar is directly correlated negatively to Bitcoin.
DXY: We can see a RSI Short Divergence in short term (October-November). This going to be a short correction before a future pump mostly affected by an excepted rising of the Interest Rate of the FED. Indeed, Wednesday, the good Employment Rate for the US can translate of a well being of the United States despite the rising of the Interest Rate since months now. We are waiting of a rising of the Interest Rate which can favorite a Long on the DXY.
BTC: Correlated Negatively, the short term short of the DXY is going to make the BTC pump for a better taking of the liquidity around 25k. After this, I am still waiting for the last dump around the 112K before the BTC Long term Pump.
Here is my DXY/BTC Analysis. We know now that the US dollar is directly correlated negatively to Bitcoin.
DXY: We can see a RSI Short Divergence in short term (October-November). This going to be a short correction before a future pump mostly affected by an excepted rising of the Interest Rate of the FED. Indeed, Wednesday, the good Employment Rate for the US can translate of a well being of the United States despite the rising of the Interest Rate since months now. We are waiting of a rising of the Interest Rate which can favorite a Long on the DXY.
BTC: Correlated Negatively, the short term short of the DXY is going to make the BTC pump for a better taking of the liquidity around 25k. After this, I am still waiting for the last dump around the 112K before the BTC Long term Pump.
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