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DeltaGo
Aug 31, 2022 11:14 PM

DXY Macro Levels 

U.S. Dollar Currency IndexTVC

Description

DXY RSI compared to BTC

DXY/RSI bottoms mark the BTC top. Conversely, BTC bear markets generally occur when the DXY ranges before it drops and the bull market starts.

The multi diagonal and horizontal trending resistance should offer a solid rejection given how hot the dollar came into this zone. The inevitable fed pivot may just provide that drop-off we need for the macro trend to reverse.

Comment

Resistance broken! No sign of top formation yet
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