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NeutronMan
May 17, 2022 12:24 AM
Bitcoin Analysis 5/16/22 (DXY Mega Pump Incoming?)
Short
BYBIT:BTCUSDT
240
BTCUSDT SPOT
Bybit
Description
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May 17, 2022 12:24 AM
Bitcoin has an inverse relationship with the DXY. The DXY looks like it could potentially pump because of this Inverse Head and Shoulders pattern. BTC also appears to be forming a Symmetrical Triangle which is typically a continuation pattern.
Chart Patterns
Bitcoin (Cryptocurrency)
DXY
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