Bitcoin and DXY correlation

Updated

When the DXY trends in one direction, Bitcoin eventually follows the other way. The DXY tends to lead Bitcoin a bit so waiting for the DXY to begin a new downtrend would probably be a good time to start putting money back into crypto/Bitcoin.

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Well this seems to be playing out nicely.

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Still more pain ahead

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Both are showing a sign of reversal, not sure if this is the moment or if it's gonna take a bit more time.

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Was wrong - still parabolic. The wait continues

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DXY showing lots of weakness here, even if it bounces again I believe it's still a great time to be dollar cost averaging.

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DXY on a tear right now. Not sure if it will reach it's recent ATH of 113 or reverse before. Once clear signs of reversal begins capital should be fully deployed.

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Downtrend confirmed on DXY, lower highs.

Spot ETF before EOY, halving in 165 days, election year.

Everything setup for the next leg up for BTC.

malacus

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