The reason behind fall of BITCOIN!!
Dollar Index is heading towards 100 mark.
Red line is strong resistance, which is near 0.618 Fib extension.
If you flip dollar index, u will see a pattern similar to BTC.
Not just chart pattern, there are several other factors
associated to consider while predicting price moves.
Whenever dollar index rises, stocks and commodities fall.
It means when purchasing power increases, things get cheaper.
Dollar Index is heading towards 100 mark.
Red line is strong resistance, which is near 0.618 Fib extension.
If you flip dollar index, u will see a pattern similar to BTC.
Not just chart pattern, there are several other factors
associated to consider while predicting price moves.
Whenever dollar index rises, stocks and commodities fall.
It means when purchasing power increases, things get cheaper.
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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.