calmrat

DXY trends down. BTC trends up.

Long
TVC:DXY   U.S. Dollar Index
Looking from a few simple boteyes DXY is trending downward. Who's unloading their cash? Watch for the reverse correlations out there. It takes cash and token to trade on margin. If DXY trends down, the market is putting dollars back on the market for sale. Eh? They're exiting positions. Watch for the large liquidity events like earlier this week. Next up is 104.5 to 103.5 on the downside. Those could translate to large moves to the upside for BTC (and NASDAQ)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.