Understanding the markets and how we react when we are wrong. BTC in a descending bullish wedge pattern but the reality is we may see mid 30's before blast off. I explain if this scenario plays out it is positive for me as i will be buying the Dip. Take Care..
I believe there is enough evidence to suggest when the DXY Index falls BTC rises. I understand BTC was designed to act independently and maybe with a bigger MC it may, However the TA suggests it is in juxtaposition to the DXY and has been for the last 4 years. My point is, the TA does suggest for BTC to move above 20k the DXY will need to push through $90 in a...
BTC has been sitting in a channel for the last 9 months and there has been a few small breaks below and above.
Generally its been flat on the daily.
If we zoom out to the weekly we have a small bullish candle that is in a bullish zone on the moving averages and the MACD is also looking up.
If the candle in question on the weekly closes bullish on the 6th...