Dollar Index vs Bitcoin.
Dollar Index ( #DXY ) vs #BTC . Is it true that "DXY up, BTC down. BTC up, DXY down"?.
1. According to the data, when DXY ( orange line) breaks out and starts to go up, BTC will begin to enter its bear market. But if you look carefully, there is something interesting.
2. After DXY undergoes its uptrend for a while, it starts to lose its momentum and enters a sideway mode. This is where BTC has bottomed out and start to make some uptrend/rebound move.
2.1 After sideways, and DXY starts to become bearish and that is when BTC does a parabolic move up.
**3. The interesting part in these cycles is that during the sideway movement of DXY , when DXY goes up, it does not mean that BTC will go down. It could be clearly seen that BTC can also go up when DXY goes up.
Summary
1. Is it true that "DXY up, BTC down. BTC up, DXY down"?
Yes, "but" that is not always the case.
2. So when does BTC move in the same direction as DXY?
When DXY loses its uptrend momentum.
3.When does BTC going parabolic again?
When DXY enters downtrend.
1. According to the data, when DXY ( orange line) breaks out and starts to go up, BTC will begin to enter its bear market. But if you look carefully, there is something interesting.
2. After DXY undergoes its uptrend for a while, it starts to lose its momentum and enters a sideway mode. This is where BTC has bottomed out and start to make some uptrend/rebound move.
2.1 After sideways, and DXY starts to become bearish and that is when BTC does a parabolic move up.
**3. The interesting part in these cycles is that during the sideway movement of DXY , when DXY goes up, it does not mean that BTC will go down. It could be clearly seen that BTC can also go up when DXY goes up.
Summary
1. Is it true that "DXY up, BTC down. BTC up, DXY down"?
Yes, "but" that is not always the case.
2. So when does BTC move in the same direction as DXY?
When DXY loses its uptrend momentum.
3.When does BTC going parabolic again?
When DXY enters downtrend.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.