DXY v/s Bitcoin All Time High and Bottom Analysis#DXY Technical Analysis:-
$US Dollar Currency Index Currently trading at $107
In Simple way as per Past Performance $DXY inverse Proportional to #Bitcoin
In This Chart Detail Explanation:-
December 2016 #DXY Price was $103 ( Which was ATH ) that time Bitcoin Price was $750
After one year $DXY dumped badly and Hit $88 within one year and This time $Bitcoin Hit New All Time High $19900
After Again $DXY Pumped and Hit $103 in 2020 so Again Bitcoin Crashed Badly and Hit again Low of Bear Market $3200-$3800
After then Bitcoin Found bottom in 2029-2020 $DXY trend was changed and Hit again low around $89 that was Last year and $Bitcoin Hit New All Time high $69000
But Currently $DXY breakout $103 resistance and Hit $114 which was ATH of Dollar currency Index.
And Currently Bitcoin Trading around $15500-$16600
So In one Line :- We are Very Near of $Bitcoin Low / Bottom.
So Ignore all Negative News and Articles/Media and Buy Bitcoin and Hold Till December 2025
IMO August 2024 - December 2025 will Be bottom of $DXY and This is ATH of Bitcoin.
Too much research in this Analysis so Please Like and share and Appreciate guys.
Thank you.
Dxyanalysis
DXY - LONG | CHART PATTERNDXY has broken its bullish cycle and we are about to head into a strong general Bearish Trend . As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the downside, breaking through the trend, so a correction or retracement is imminent.
The Formation of the BULLISH Triangle on the 4H timeframe, shows the incoming of a Bullish short time move for next week.
The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.
The dollar $DXY is full steam ahead!-The dollar bounced off the 200 ema
-TTM Squeeze went off on the monthly chart
-It's retracing after the launch
-check below for more TF's
-dollar going to 160 before a new Plaza Accord happens that revolves around a digital currency based on social credit scores (Mark of the Beast 666)
💵U.S.Dollar/Canadian Dollar 💵Analyze (11/04/2022)!!!U.S.Dollar/ Canadian Dollar moved as I expected ✅🤑.
U.S.Dollar/ Canadian Dollar is on the way to completing wave C.
The end of wave C can be in PRZ(Price Reversal Zone) or the Support zone.
Also, we can see a Head and Shoulders Pattern in the chart, which shows the continued downward.
🔅U.S.Dollar/ Canadian Dollar Analyze ( USDCAD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY - An interesting neutral pictureWe have run across a situation on DXY where we must have one of the two confirmations to side either with bulls or bears. There are two possibilities at the moment:
1- The Bull Flag confirms breaking out of this 112.xx zone we shall have a full on signal to go long to the targets as described in the chart
2- If we break lower than 108.8x zone, we shall then have a confirmation of the triple tops pattern which is a signal to go short to the target zone described in the chart.
You can relate your entries on precious metals as well with this analysis. Since, DXY is inversely proportional to silver and gold.
Best of luck, happy trading and happier profits :-)
[DXY] long-term bullishIn monthly TF, we can see a huge bullish divergence and a triple bottom that triggered a long-term uptrend.
In weekly TF, we can anticipate a probable correction of the resistance 118 towards the support 105.
In daily TF, we will probably have minor corrections before reaching the next strong resistance zone.
DXY Gonna LongDollar create hidden Bullish Divergence In Daily Time frame, So I anticipate Dollar gonna pullback.
Remember, there is no place for luck in trading - only strategy!
Risk Disclaimer
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis.
Best Regards!
Mahfuz Azim
DXY Global Vision (Elliott Waves Analysis) TIME TO FALL Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
The dollar index seems to have gone to work out the divers on the weekly TF and form a long-term correction.
Within wave (A), the decline in the index perfectly harmonizes with the market "seasonality" and there is a potential for the index to decline, which means that the markets will grow ~ until spring 2023.
A decrease in the $ index means that the value of $ is declining and investors will try to find a safer place for their capital, that is, shift the currency into any other assets, whether it be gold, stocks or bitcoin.
Of course, the true extremum points can only be clearly identified after the fact, so I would not flatter myself with the rapid vertical growth of markets from the current ones, but the general trend and action plan from my point of view looks exactly like this.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
DXY NOVEMBERGOOD MORNING TRADERS!! DXY ONE WEEK BREAKDOWN
Currently, we see the expected slowdown in the growth trend,
after more than 500 days we have a significant black weekly candle,
which may or may not get the dollar into a sideways structure,
everything depends on the next statements of the FED in December.
In the coming days, the market will either experience a slight recovery
and a retest or we will go straight to level 105
SEE YOU SOON
dxy #1dxy is at a nice turning point after a nice bearish push to end the week dxy tries to climb back up on market open
upside right now is a bit limited unless i see a break above 107.500
failing to break the daily pivot at the moment and also opening below a weekly pivot im currently looking for another bearish push down for dxy which should pump gold a bit
DXY Index New Possible Move#DXY ( Dollar Index )
- DESCENDING TRIANGLE Pattern formed Indicating the Trend Reversal and Break out of the Lower Trend Line
- BREAK OF STRUCTURE #BOS
- BEARISH Trend Continuation after the Break of DEMAND ZONE ( 110.237 - 109.477 )
- Buying Divergence in Long Time Frame #LTF
- Completed " 12 " Impulsive Wave and making its " 3 " Wave
DeGRAM | DXY longDXY moved out of the descending channel .
The market failed to make a higher high at the resistance level .
Price action is likely to test the major support level and bounce off of it.
We expect a short term pullback from support.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DXY| ON A BEARISH ASSIGNMENT We have started seeing the smart money footprint on their interest to short the USD ever since when we mitigated the Monthly overall bearish order block.
the smartmoney already edged and are now preparing to go even more lower to take out long term sellside liquidity that has been accumulated.
StefanFX ...
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 20% DXY, 80% Cash.
*DXY and Long-Term US Treasuries are down after a barely dovish October CPI print that has investors thinking that the Fed is going to somehow pause rates hikes in 2023 or slow down on December 14th. Equities benefited from this and if it wasn't for the FTX/Alameda fallout then Cryptos may also be benefitting from this recent transition back to Risk-On. Bad headlines keep coming out for FTX as a large portion of their remaining assets (around ~$700m) were "illegally moved" last night after they filed for Chapter 11 Bankruptcy earlier in the day; after hearing about the FTX backdoors that only SBF and 3 other people knew of, it's hard not to be skeptical of who orchestrated this. The Fed has made it abundantly clear that they still have a ways to go before bringing the federal funds rate to a sufficiently restrictive level, and if there's one thing that we learned in 2020 and this year, it's to not fight the Fed. Keep an eye out for what Russia decides to do about the Grain Deal with Ukraine that's set to expire next Saturday 11/19.
Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; US October Retail Sales at 830am EST 11/16; US October Building Permits and Housing Starts at 830am EST 11/17; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . *
Price is currently trending down at ~$106.41 and broke below $108.04 support after falling 4% on the CPI report. Parabolic SAR is bullish at the moment. RSI is currently trending down at 32 with no signs of trough formation, the next support is at 23. Stochastic remains bearish and is currently trending down at 10.25 as it approaches a retest of 9 support. MACD remains bearish and is currently trending down at -0.75 as it approaches a test of -0.83 support for the first time since July 2020. ADX is currently trending up at 16 after forming a trough at 13 as Price continues falling, this is mildly bearish at the moment.
If Price is able to bounce here then it will likely test $108.04 resistance . However, if Price keeps going down, it will likely test the 200MA at ~$104.75 as support for the first time since June 2021. Mental Stop Loss: (two consecutive closes above) $108.04.
The dollar breaks an uptrend 👌Is the dollar trip over? Is it the beginning of the fall of the dollar?
- With the release of inflation data, which came contrary to what the dollar wished, and with what the trader wished.
the dollar fell nearly 300 points, heading towards the 107 support.
It reduces the rate to 50 percent by the end of this year, and if it continues in this manner, inflation may decline faster and at a higher rate than before.
- Everything may happen. We are on the cusp of an annual closure, so please be careful with your trading, and that greed does not take you and not manage risks towards the unknown, please.