BTC vs DXY, correction coming?
Hello! I noticed something interesting when looking at the BTCUSD and DXY monthly charts. Simply put, when DXY goes down, BTC goes up and vise versa.
The DXY weekly chart has formed some bearish divergence on the RSI 14 close, looks like price might be ready for a correction to the downside.
Do you think this could help start a crypto bull run?
Thanks for looking, please comment any questions or critiques! Not financial advice.
The DXY weekly chart has formed some bearish divergence on the RSI 14 close, looks like price might be ready for a correction to the downside.
Do you think this could help start a crypto bull run?
Thanks for looking, please comment any questions or critiques! Not financial advice.
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