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NeutronMan

Bitcoin Analysis 4/21/22 Part 4 (DXY Hidden Bullish Divergence)

U.S. Dollar Index (TVC:DXY)  
NeutronMan  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Bitcoin (Cryptocurrency)
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trendanalysis chartpattern bitcoin
Usually Bitcoin has an inverse correlation to the DXY, but sometimes they both pump and dump at the same time. The DXY is currently forming a hidden Bullish Divergence on the 12 HR Chart. That could mean Bitcoin is about to have another drop or both could just start pumping randomly. That is why I don't look at the DXY too much.
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