ifeanyichukwu_E

INVERSE CORRELATION OF BITCOIN AND DOLLAR

Long
TVC:DXY   U.S. Dollar Index
They say/from my experience and backtest, the GreenBack and Bitcoin are inversely related(when Bitcoin pumps, Dollar Melts and Vice versa). What should this tell you?

First we have seen willigness of bitcoin to fall, therfore Dollar is going to rally.

After the Light touch on the weekly Orderblock on Wednesday 16th February, the markey Broke structure to the upside(Bullish signatures). This would affect foreign exchanges markets unfortunaely and also that of Bitcoin

My next target for Dollar is $96.435

I wish you all Goodluck on the upcomig trading week

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.