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DXY reversal, Bullish for BTC, but 50 day chop is likelyGood Sunday, dear friend! I'm scribbling down some ideas I had. It's good to be back home after a week on a job project. TradingView on a phone is awesome, but I definitely prefer a bigger screen. The chart was not as clean as I wished, but it just tells some history with the correlations between DXY and BTC. For instance: Q4 2022 - DXY tops (BTC bottoms). Trend reversal for DXY (BTC corrects ABC after W1 after bear market). DXY declines to a WCL, BTC soars from 25k to 73k. In the meantime, as BTC soared, DXY also inclined, which led to an extended correction of 7.5 months. DXY rolled over in June 2025, and there was a 60-day lag before BTC felt the boost from the DXY decline. This leads us to today. DXY and BTC have gone up together. I believe the last leg up is a consequence of the June - September decline of DXY, and BTC went up with DXY, and BTC is now left to feel the consequences of the DXY upturn. Given DXY (most likely) topped 11 days ago, we might chop for 50 more days before BTC resumes upward. In the last WCLs, DXY retraces a minimum to 0.786. In this case, the trendline suggests a March timeframe for a low in DXY. History suggests the BTC local top is in when DXY bottoms, or is soon to top in about 2 months.
TVC:DXYShort
by martinxi5u4
The Top 3 Catalyst Of Forex TradingSpotting a breakout is a good strategy because its something that I have always wanted to learn how to do when I started forex. - Now you need to be careful when you are trading forex options and always remember to calculate your risk levels because there is always risk associated with these types of trade and remember to take profit as well Now in about 2 weeks time the biggest catalyst in the forex market is going to take place. Think of these before you trade CAPITALCOM:EURCAD In this forex pair there are 3 catalysts to consider: -The Bank of Canada's interest rate decision -The unemployment numbers -The GDP numbers It's important to take note of the catalyst as you build your own trading strategy either way, you can learn from the one am using its called the rocket booster strategy to learn more about it Rocket boost this content right now Disclaimer: Trading is risky please learn risk management and profit-taking strategies. And remember to use a simulation trading account before you trade with real money.
Long
by lubosi
NZDCAD Is Going Down! Short! Take a look at our analysis for NZDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.819. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.809 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
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