On this chart you see Bitcoin run against the DXY, which is the U.S. Dollar Index.
On every single Bull Cycle, when the DXY forms a Channel Down, BTC rallies on its Cycle most aggressive part.
The DXY is currently getting rejected on a Lower High, being inside a Channel Down since September 2022.
This shows that we are again on that part of the Cycle when BTC is about to start the aggressive parabolic rally.
Stay bullish until the DXY reverses upwards again, which happens when the Channel Down breaks to the upside.
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On every single Bull Cycle, when the DXY forms a Channel Down, BTC rallies on its Cycle most aggressive part.
The DXY is currently getting rejected on a Lower High, being inside a Channel Down since September 2022.
This shows that we are again on that part of the Cycle when BTC is about to start the aggressive parabolic rally.
Stay bullish until the DXY reverses upwards again, which happens when the Channel Down breaks to the upside.
Follow us, like the idea and leave a comment below!!
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