DXY is very correlated with 1/BTC lately

Short

Indice devise Dollar U.S. (TVC:DXY)

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TVC:DXY Indice devise Dollar U.S.

Trend Analysis Harmonic Patterns Chart Patterns heiken-ashi USD BTCUSD DXY dollar Bitcoin (Cryptocurrency)

trendanalysis harmonicpatterns chartpattern heiken-ashi usd btcusd dxy dollar bitcoin

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:

snapshot

Good luck and hedge your bets!

Commentaire:

I mixed up the labels in the chart:

snapshot

Hopefully it makes a bit more sense now :p

Commentaire:

Also consider the short term outlook for DXY:

snapshot

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