DXY is gonna Increase. why should crypto traders be prepared?
Hi every one
U.S. DOLLAR CURRENCY INDEX
DXY is forming a Double bottom pattern which is not completed yet! The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies (EUR,JPY,GBP,etc..) . you might be wondering How It's gonna Effect Bitcoin,well we talked about this before : BTC always move in the opposite direction of DXY! so now we can say that there is a Dump coming for BTC (Since Double bottom is a bullish pattern!) and you know that what ever BTC does the whole market follows so yeah... when this pattern breaks DXY can move as much as the measured movement!
Summery:
DXY is gonna Increase!
DXY and BTC move in opposite direction so there is a Expected Dump for BTC !
BTC falls the whole Market will!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
U.S. DOLLAR CURRENCY INDEX
DXY is forming a Double bottom pattern which is not completed yet! The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies (EUR,JPY,GBP,etc..) . you might be wondering How It's gonna Effect Bitcoin,well we talked about this before : BTC always move in the opposite direction of DXY! so now we can say that there is a Dump coming for BTC (Since Double bottom is a bullish pattern!) and you know that what ever BTC does the whole market follows so yeah... when this pattern breaks DXY can move as much as the measured movement!
Summery:
DXY is gonna Increase!
DXY and BTC move in opposite direction so there is a Expected Dump for BTC !
BTC falls the whole Market will!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
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