BTC vs DXY (Y21.P1.E1).Some resistance
Updated
Hi All,
1st point.
I do believe that the USD or DXY index has correlation to the general markets as its a trillion dollar market and BTC is no immune to it.
Looking at 2017, I did a post on this where there is evidence with the SP500 and DXY impacting at times the BTC price action.
Now
Looking at the USD rally or bottom bounce, it seems to have confluence with its impact to the BTC price action on the 4 hrly.
The dollar has hit resistance and it will give BTC a chance to rally again from this bottom level.
BTC dominance is also found resistance so the ALTs are making a move.
All the best,
S.SAri
BTC DOM
4 HRLY
DAILY, indicators show downward pressure
1st point.
I do believe that the USD or DXY index has correlation to the general markets as its a trillion dollar market and BTC is no immune to it.
Looking at 2017, I did a post on this where there is evidence with the SP500 and DXY impacting at times the BTC price action.
Now
Looking at the USD rally or bottom bounce, it seems to have confluence with its impact to the BTC price action on the 4 hrly.
The dollar has hit resistance and it will give BTC a chance to rally again from this bottom level.
BTC dominance is also found resistance so the ALTs are making a move.
All the best,
S.SAri
BTC DOM
4 HRLY
DAILY, indicators show downward pressure
Note
USD dropping, good news for BTC and ALTs for the short term.Note
I must be a genius, to forecast a trillion dollar price action so accurately since December...
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