Dollar index’s weekly chart shows a falling wedge breakout and bullish divergence of RSI
The bullish reversal setup is bad news for the bitcoin, stocks and almost all Fiat currencies.
BTC and all other assets have pretty much moved in opposite direction to dollar since March crash as Fed pumped liquidity to inflate markets.
The bullish reversal setup is bad news for the bitcoin, stocks and almost all Fiat currencies.
BTC and all other assets have pretty much moved in opposite direction to dollar since March crash as Fed pumped liquidity to inflate markets.