DXY potential targets and Bitcoin
DXY is right on the multi month trendline that we've been using as support since June 2021.
If we break down we could potentially revisit the multi year trendline.
Holding our current support could take us to the top half of the multi year triangle and these levels have been associated with extreme levels of volatility for DXI.
DXI correcting to the multi year trendline has been directly correlated with BTC massive bull runs.
As long as CPI reports can keep investors away from fears. There are indications that rates should start increasing at a slow pace.
100% worth keeping an eye here and not continuously submerge your head in the crypto bubble.
If we break down we could potentially revisit the multi year trendline.
Holding our current support could take us to the top half of the multi year triangle and these levels have been associated with extreme levels of volatility for DXI.
DXI correcting to the multi year trendline has been directly correlated with BTC massive bull runs.
As long as CPI reports can keep investors away from fears. There are indications that rates should start increasing at a slow pace.
100% worth keeping an eye here and not continuously submerge your head in the crypto bubble.
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