Navitility

DXY Bearish while Bitcion Bullish

TVC:DXY   U.S. Dollar Index
Hello Crypto Traders!!

Lets take a look at these two charts side by side. You'll notice that when the DXY decides to PUMP, Bitcoin decides to DUMP and when the DXY decides to DUMP, Bitcoin decides to PUMP.

A massive long term strong bullish trend has finally been broken for the DXY and if it cannot find its way above the trendline, it will continue to DUMP which should make Bitcoin PUMP.

This is a great area to long BITCOIN using the right risk management.

Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!

This is not financial advice. This is for educational purposes only.

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.