The uptrend DXY has appeared to be starting to form only has 1 validation touch on the trend line (I'd like to see one more before confirming a rally to the upside) which would mean a bearish Q1 for bitcoin (we've already seen 25%+ pullback since $40,000.
I'm thinking we're going to see a high leverage stop hunt/liquidation for short positions, confirm a bearish downtrend and then proceed towards previous ATH ($20,000) and probably dip below that level)
Time will paint this narrative.
Watch
DXY & 
BTC closely together (free alpha)
I'm thinking we're going to see a high leverage stop hunt/liquidation for short positions, confirm a bearish downtrend and then proceed towards previous ATH ($20,000) and probably dip below that level)
Time will paint this narrative.
Watch
DXY & BTC closely together (free alpha)Trade active
Trade active
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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.