My DXY updates
How does it work?
1. DXY is negatively correlated with spy and bitcoin.
Bitcoin goes 👆 + SPY 👆= DXY 👇
Vix 👆 = Fear = Volatility = DXY👆 OR DXY 👇
I will publish the DXY here as a confluence for entering a trade on ES! and Bitcoin.
1. DXY is negatively correlated with spy and bitcoin.
Bitcoin goes 👆 + SPY 👆= DXY 👇
Vix 👆 = Fear = Volatility = DXY👆 OR DXY 👇
I will publish the DXY here as a confluence for entering a trade on ES! and Bitcoin.
Note
I don't believe the scenario above will happen but possibility it is good.
ES! = I am bearish (Potential for short recovery)
Bitcoin = Bearish (Recovery possible)
Note
it came faster than I thought
It will go up by the new york opening.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.