Often overlooked,
DXY
chart is inverely proportional to
BTC
price. If
DXY
is bearish,
BTC
will probably go bullish, and if
DXY
goes bullish,
BTC
probably goes down.
DXY
can work as an indicator of
BTC
next moves, or even a good way to find bottoms or tops on Bitcoin. Since a top in
DXY
might mean a boom on Bitcoin!
Keep an eye on DXY whenever you are trading $BTC.
Keep an eye on DXY whenever you are trading $BTC.