I've previously described the correlation, and it's clear to everyone: a weaker DXY is positive for BTC.
📝Recently, the dollar has grown significantly and seems close to a local maximum (the chart is inverted). This demonstrates the strength of Bitcoin, as it was able to rise even against a strengthening dollar.
💡Imagine its movement when the new administration plans to lower the dollar price like they did last time. I think we will see a similar scenario as in 2017, when the dollar, from a local maximum, begins to provide a tailwind to the movement of assets that trade against it.
📝Recently, the dollar has grown significantly and seems close to a local maximum (the chart is inverted). This demonstrates the strength of Bitcoin, as it was able to rise even against a strengthening dollar.
💡Imagine its movement when the new administration plans to lower the dollar price like they did last time. I think we will see a similar scenario as in 2017, when the dollar, from a local maximum, begins to provide a tailwind to the movement of assets that trade against it.
Trade chiuso: obiettivo raggiunto
The main movement in the dollar is over, as predicted☑️
💰Free Channel t.me/FeelsStrategy
🤵For more info contact t.me/VolodymyrFeels
🤵For more info contact t.me/VolodymyrFeels
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.
💰Free Channel t.me/FeelsStrategy
🤵For more info contact t.me/VolodymyrFeels
🤵For more info contact t.me/VolodymyrFeels
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.