Get started

Btcvsusd

Dollar Dominance Dilemma: Bull Run VS Hell RunHello Fellow Traders! 🚀💹 🌐 Dollar Dominance Chart Analysis 📈💵 This chart holds significant implications for the dollar's dominance and the broader market. 📌 Pattern Recognition: Flag Channel 🚩 We're currently observing a crucial pattern known as the flag channel. Typically, this pattern is bullish (confirmed upon breaking out from above). 💡 Key Insight: Channel Position Presently, we find ourselves at the channel's bottom. For the ongoing mini Bullrun to thrive and expand, a breakout below this channel is essential, validated by a weekly close with at least 2 candles. 🚨 Warning Signal: Breakout Above Conversely, if the trend reverses and breaks out from above, brace yourself for market turmoil. This chart's dynamics are inversely correlated to BTC and the overall market. 📉 Dollar Up = BTC Down 📈 Dollar Down = BTC Up Got it? Simple, right? 🔍 Consider this chart as your compass for predicting the next market move. Best of luck on your trades! 🌟💰 Feel free to share your thoughts and happy trading! 🌐📊💼 Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions. Good luck.
CRYPTOCAP:USDT.D
by KarimMohsen
Found the reason for the BTC spikeBitcoin has made an unusual move; with a long wick to the upside; peaking into the 56/57K resistance cluster and getting rejected. A lot of speculation has been going on; whales, facebook, manipulation, bear market sell off etc. None of them correct; the answer is found in this chart which directly correlates with the very use case of Bitcoin; the hedge against fiat. The DXY is in a severe bear trend and I was expecting a bounce multiple times but it never came. The dollar index just got fiercely rejected from the golden pocket and is heading for more pain. The "spike event" is clearly correlated with the huge wick of 0,5% in the matter of 30-45 mins! Bitcoin and crypto haven proven their use case over and over again now and I dont see any reason for institutions not to exchange cash reserves into digital assets; any other than that is just wealth destruction. We are on the verge of a parabola for both BTC and ETH - the minors have moved parabolic; now its the turn to the majors and ETH already made a head start. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
TVC:DXYShort
by cryptobullethbtcxlm
10
BTC VS DOLLAR - The correction is not over (yet)BTC & EUR CORRECTION: The Dollar and Bitcoin are pegged in a negative way; when USD goes up, BTC goes down and vice versa. Currently the dollar is having a small breakout to the upside; and thus the EUR and BTC are correcting. At this very moment many people believe the BTC correction is over, I do not think so. Another bad factor for crypto is a new pump for Yields (check my US10Y chart in the link below). TA: Check chart, corrections getting smaller and smaller and we almost finished our 5 major Elliot wave. We could expect a bounce for BTC and crypto by the end of the week, check my chart for levels and validation of a possible breakout to the upside. Target for breakout is between 64-67K, it might get very bloody after that, however if so; the bull market will not be over. MORE INFO ON MY PROFILE: Check my charts linked below for BTC, BTCD, US10Y and BTCD, EUR/USD. COMMENT: I have yet to look at SP500 and NASDAQ so if anyone knows more about the stock market, please let me know. Also I'd be happy to hear your opinion on BTC, USD and the stock market! IMPORTANT: this is not investment advice, trade or invest at your own risk and research.
BINANCE:BTCUSD
by cryptobullethbtcxlm
3