I was looking at various BTC charts against GBP, EUR, CNY, USD and money supply...
And I came to conclusion that the levels of support and resistance are much more respected on BTCUSD/GOLD and BTCUSD/M2 charts,
than on the actual BTCUSD and USDT charts...
S/R level at $20k it's much more clearer and respected, also the local high from 2019 at $14k,
and now at...
We can see here on the weekly chart EUR is trying to break historic support/resistance level at around 1.20 which is also close to 0.29 fib retracement level.
Because of the printing of USD, DXY level is falling heavily, so im really bullish on EUR breaking the support/resistance level at 1.20 and continue to push towards 1.23-1.25 level.
Dxy formed head and shoulders and is hitting at heavy support level forming a bear flag (15m), I see dxy falling heavily down which will push BTC price (against USD) up.
