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DXY (US Dollar Index) vs BTC (Bitcoin) | Inverse Relation
Bitcoin
DXY (US Dollar Index) vs BTC (Bitcoin) | Inverse Relation
Oleh AlanSantana
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Ikuti
Diupdate
24 Feb 2022
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23 Nov 2021
I just shared a chart for the US Dollar Index (DXY) which is super bullish.
Everything is pointing up.
If you've been reading my Bitcoin analysis for the past 10 days, you can tell we are bearish, everything is pointing down.
DXY vs Bitcoin
We have the DXY coming out of a bottom pattern/formation, breaking resistance aiming upwards.
We have BTC hitting new All-Time Highs/Peaked, breaking support aiming lower.
If this inverse relation continues, this is how things will go.
DXY goes very high while BTC's correction intensifies even more.
This can easily happen.
After a bullish wave, a correction comes. (BTC)
After a bearish wave, prices tend to go up. (DXY)
Do you agree with this analysis?
Leave a comment and let us know.
Namaste.
24 Feb 2022
Catatan
Right on target.
There will be more.
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