📊 DXY | Bearish 1st Time In 8 Weeks 🅱️ Bitcoin Goes Up!
The DXY has been going up 8 weeks straight and is now showing a classic rising wedge, a strong bearish pattern.
This is the daily timeframe:
This is the first time this index goes red. This is an overextended rally, a relief, correction or otherwise can easily develop.
The weekly timeframe shows the unsustainable rally and break of rising wedge:
When the DXY starts to go down (soon), Bitcoin will move up (fast).
Namaste.
This is the daily timeframe:
This is the first time this index goes red. This is an overextended rally, a relief, correction or otherwise can easily develop.
The weekly timeframe shows the unsustainable rally and break of rising wedge:
When the DXY starts to go down (soon), Bitcoin will move up (fast).
Namaste.
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