SUMMARY: Long, when markets get spooked the DSXY rises - short term bullish
Note, I prepare this as a supplement to BTC price action.
-- Technical --
Above the EMAs and MAs - bullish
Has formed a reversal pattern with HHs and HLs.
However, we are in a rising wedge with a slight bearish divergence. Could break down if there is a pickup in sentiment.
-- Fundamentals --
CNN Fear index is 25 today, quite fearful.
money.cnn.com/data/fear-and-greed/?iid=EL
Note, I prepare this as a supplement to BTC price action.
-- Technical --
Above the EMAs and MAs - bullish
Has formed a reversal pattern with HHs and HLs.
However, we are in a rising wedge with a slight bearish divergence. Could break down if there is a pickup in sentiment.
-- Fundamentals --
CNN Fear index is 25 today, quite fearful.
money.cnn.com/data/fear-and-greed/?iid=EL
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.
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.