Beast Trading _ Today's Bitcoin Analysis
Today is an analysis of DXY.
The dollar index maintained a modest upward trend and increased from around February this year
Since then, the low has been rising, continuing to renew the high, and it has been rising very sharply, not breaking the upward trend, but rather forming a steeper upward trend line.
Based on the one-hour bar, if you look at the recent picture, the resistance of the top line has been strongly broken through the red ferral channel, and the upward trend continues.
And without breaking the upward trend line that hangs below, it shows a very full-fledged upward trend from August.
It's now coming down slightly after a high point renewal, but it's supported near the green Ferrell channel midline.
The current section is supported, and if this breaks, the green Ferrell channel bottom line will be the second support, and if the black mid- to long-term upward trend at the bottom breaks, the dollar index's rise will calm down a little.
Until it breaks down, the strong dollar will adversely affect the investment market such as NASDAQ and Bitcoin, so please refer to DXY and sell it!
Today is an analysis of DXY.
The dollar index maintained a modest upward trend and increased from around February this year
Since then, the low has been rising, continuing to renew the high, and it has been rising very sharply, not breaking the upward trend, but rather forming a steeper upward trend line.
Based on the one-hour bar, if you look at the recent picture, the resistance of the top line has been strongly broken through the red ferral channel, and the upward trend continues.
And without breaking the upward trend line that hangs below, it shows a very full-fledged upward trend from August.
It's now coming down slightly after a high point renewal, but it's supported near the green Ferrell channel midline.
The current section is supported, and if this breaks, the green Ferrell channel bottom line will be the second support, and if the black mid- to long-term upward trend at the bottom breaks, the dollar index's rise will calm down a little.
Until it breaks down, the strong dollar will adversely affect the investment market such as NASDAQ and Bitcoin, so please refer to DXY and sell it!