Watching the DXY for Bitcoin Direction...
The DXY is at a pivotal point here, and potentially breaking higher into a new upward trend channel.
This would be bad for Bitcoin and crypto overall as the DXY has a strong inverse relationship.
If the DXY stays in this area and drifts lower we could see a short-term crypto rally including Bitcoin and Ethereum.
If it breaks up above the 103.5 to 104 level, then we're into a crypto pullback zone.
If we continue dropping back into the downward trending channel then we're in the crypto rally a zone, and possibly even down below 100 into the crypto super pump rally zone.
Hard to say here...
This would be bad for Bitcoin and crypto overall as the DXY has a strong inverse relationship.
If the DXY stays in this area and drifts lower we could see a short-term crypto rally including Bitcoin and Ethereum.
If it breaks up above the 103.5 to 104 level, then we're into a crypto pullback zone.
If we continue dropping back into the downward trending channel then we're in the crypto rally a zone, and possibly even down below 100 into the crypto super pump rally zone.
Hard to say here...
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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