💾 U.S. Dollar Index Weekly Bearish (vs Bitcoin/Altcoins) Short
U.S. Dollar Currency IndexTVC
Description
⋅ Let's revisit the weekly timeframe for the U.S. Dollar Index (DXY).
When DXY goes down, everything Crypto (Bitcoin + Altcoins) goes up!
We can see a very strong bearish bias in this chart, how?
✔️ This week prices are trading below the 0.5 Fib. retracement level as well as below EMA100...
These signals are super strong on this timeframe.
✔️ The RSI continues diving lower and lower, already weak.
If you look at the monthly chart, this same analysis is confirmed:
💾 U.S. Dollar Index Bearish Monthly Chart
This is confirmation. A bullish signal for Bitcoin and the Altcoins.
Thanks a lot for your continued support.
Namaste.