DXY is very correlated with 1/BTC lately
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Ignore the scale of the chart.
DXY goes down, 1/ BTC goes down. Which means BTC goes up along with assets until we reach DXY support.
Now check the long term support for DXY:
Good luck and hedge your bets!
DXY goes down, 1/ BTC goes down. Which means BTC goes up along with assets until we reach DXY support.
Now check the long term support for DXY:
Good luck and hedge your bets!
Nota
I mixed up the labels in the chart:Hopefully it makes a bit more sense now :p
Nota
Also consider the short term outlook for DXY:
Penafian
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