fringe_chartist

DXY is very correlated with 1/BTC lately

Short
fringe_chartist Updated   
TVC:DXY   U.S. Dollar Index
Ignore the scale of the chart.

DXY goes down, 1/ BTC goes down. Which means BTC goes up along with assets until we reach DXY support.

Now check the long term support for DXY:

Good luck and hedge your bets!
Comment:
I mixed up the labels in the chart:


Hopefully it makes a bit more sense now :p
Comment:
Also consider the short term outlook for DXY:

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