Hello Fellow Traders! ππΉ
π Dollar Dominance Chart Analysis ππ΅
This chart holds significant implications for the dollar's dominance and the broader market.
π Pattern Recognition: Flag Channel π©
We're currently observing a crucial pattern known as the flag channel. Typically, this pattern is bullish (confirmed upon breaking out from above).
π‘ Key Insight: Channel Position
Presently, we find ourselves at the channel's bottom. For the ongoing mini Bullrun to thrive and expand, a breakout below this channel is essential, validated by a weekly close with at least 2 candles.
π¨ Warning Signal: Breakout Above
Conversely, if the trend reverses and breaks out from above, brace yourself for market turmoil. This chart's dynamics are inversely correlated to BTC and the overall market.
π Dollar Up = BTC Down
π Dollar Down = BTC Up
Got it? Simple, right?
π Consider this chart as your compass for predicting the next market move. Best of luck on your trades! ππ°
Feel free to share your thoughts and happy trading! πππΌ
Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions.
Good luck.
π Dollar Dominance Chart Analysis ππ΅
This chart holds significant implications for the dollar's dominance and the broader market.
π Pattern Recognition: Flag Channel π©
We're currently observing a crucial pattern known as the flag channel. Typically, this pattern is bullish (confirmed upon breaking out from above).
π‘ Key Insight: Channel Position
Presently, we find ourselves at the channel's bottom. For the ongoing mini Bullrun to thrive and expand, a breakout below this channel is essential, validated by a weekly close with at least 2 candles.
π¨ Warning Signal: Breakout Above
Conversely, if the trend reverses and breaks out from above, brace yourself for market turmoil. This chart's dynamics are inversely correlated to BTC and the overall market.
π Dollar Up = BTC Down
π Dollar Down = BTC Up
Got it? Simple, right?
π Consider this chart as your compass for predicting the next market move. Best of luck on your trades! ππ°
Feel free to share your thoughts and happy trading! πππΌ
Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions.
Good luck.
Comment:
I have updated this channel a bit ... we didn't break it down yet and till now $ is bullish in the medium and long term. Always leave some cash for this scenario