💾 U.S. Dollar Index Weekly Bearish (vs Bitcoin/Altcoins)

26 Apr 2023

Let's revisit the weekly timeframe for the U.S. Dollar Index (DXY).

When DXY goes down, everything Crypto (Bitcoin + Altcoins) goes up!

We can see a very strong bearish bias in this chart, how?

✔️ This week prices are trading below the 0.5 Fib. retracement level as well as below EMA100...
These signals are super strong on this timeframe.

✔️ The RSI continues diving lower and lower, already weak.

If you look at the monthly chart, this same analysis is confirmed:

💾 U.S. Dollar Index Bearish Monthly Chart

This is confirmation. A bullish signal for Bitcoin and the Altcoins.

Thanks a lot for your continued support.

Namaste.