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moonify
Jul 31, 2019 7:34 AM

DXY top + BTC Bullrun correlation 

Bitcoin / United States DollarCoinbase

Description

Playing around with this macro idea.
Last time dollar topped out was the start of the bullrun on btc .
Rate cut is expected today with the FOMC so potentially top could be in for the dollar.
This is a highly speculative idea, more a theory. Will take some time to see if this plays out, not a single event that will define this imo . There is more at play on the macro level regarding the dollar, stuff that i dont know much about.
So just a though, posting this to see how it will play out

Comment

Some doubt about the validity of this idea comes from dollar liquidity issues which might push the dollar higher. Something to consider.
Comments
VincePrince
Fascinating, the excellent use of TA, i have similar views!
Bullandbeartrading
Good view, lets wait.
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