BTC + DXY (Convergence & Divergence + Symmetrical Triangle)
Impact on Bitcoin (BTC):
The DXY’s movement often has an inverse relationship with Bitcoin. A rising DXY typically exerts downward pressure on BTC, as a stronger USD reduces the appeal of alternative assets like Bitcoin. Conversely, a weakening DXY can provide a tailwind for BTC, encouraging capital flows into the cryptocurrency.
Historically, the 12 EMA and 50 MA crossovers: have provided reliable signals for entering and exiting trades.
As the DXY approaches the apex of its triangle, traders should watch for a breakout, which could have significant implications for Bitcoin.
The DXY’s movement often has an inverse relationship with Bitcoin. A rising DXY typically exerts downward pressure on BTC, as a stronger USD reduces the appeal of alternative assets like Bitcoin. Conversely, a weakening DXY can provide a tailwind for BTC, encouraging capital flows into the cryptocurrency.
Historically, the 12 EMA and 50 MA crossovers: have provided reliable signals for entering and exiting trades.
As the DXY approaches the apex of its triangle, traders should watch for a breakout, which could have significant implications for Bitcoin.
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.
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.