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FX_Professor
Aug 11, 2022 9:20 AM

👑👇US DOLLAR vs BITCOIN☝️👑 (Reverse will accelerate) 

U.S. Dollar Currency IndexTVC

Description

First of all let's start with the Dollar Index Chart:



Unlike Crypto, the DXY is a nice 'Forexy' chart that allowed me to go Long on USD in Dec 2020:


At this stage DXY has been rejected as you can see on my chart and I expect a drop to accelerate. With the FEDS taking it easy on Hikes (3,5-4% is nothing!) and the rest of the Central banks hiking now as well- fundamentals seem to agree with the chart.

👑Bitcoin just over 20k (24k now)- It reminds me of the Last time i called it a King at around the same levels just over 20k back in December 2020:


One Love,

The FXPROFESSOR

Dollar is King (and Wolverine as I like to call it since they print more and it goes up) but the New King is BITCOIN 👑 (Hulk Smash!)
Comments
Har11
Creo que ira para arriba !! Btc Pump
UnknownUnicorn15614419
nice chart)
DeGRAM
Thank you for sharing your analysis.
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