NeutronMan

Bitcoin Analysis 5/18/22 (BTC Vs DXY: Bullish Scenario)

Long
TVC:DXY   U.S. Dollar Index
On the 4 HR Chart it appears that the DXY is having a Bearish Cross of the 20 + 50 EMA and it's breaking down from this Ascending Channeling. When the DXY drops, that's usually when BTC pumps. Bitcoin could drop with the DXY or pump against it. Right now it's hard to say which direction BTC is going but if this Symmetrical Triangle breaks to the upside then the price target is around $35k.
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