Since DXY was gaining strength and recovering from the devaluation due to the pandemic, it started a strong uptrend which broke through many resistances without any correction, fortunately, I was able to forecast this trend losing its momentum ( see my previous analysis on DXY ). I think it's time for DXY to rest a little bit and give us a lower high. I am trading these lines and waiting for the pivot.
Although the last time DXY declined was not in a -1 correlation with BTC and they both declined but I believe that was due to FTX crash and btc had a rising potential back then.
But this time their -1 correlation is expected.
Although the last time DXY declined was not in a -1 correlation with BTC and they both declined but I believe that was due to FTX crash and btc had a rising potential back then.
But this time their -1 correlation is expected.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.