BTCUSD - Tether Marketcap increasing while DXY dropping

9 oct. 2020

BTCUSD might drop on the near future
(I see a possible retest of RSI support mainly on the 4h)


BUT we can see a huge uptick as long as

1) Tether Marketcap continues to increase and
2) DXY continues to drop

See my previous idea for DXY as it hasn't change until trendline from 2011 is broken (DXY>95)

9 oct. 2020

Note

Either the previous triangle is broken to the up side or
an ascending triangle is being printed.

bearish target - 10600
bullish target - 12000