📊 DXY | Bearish 1st Time In 8 Weeks 🅱️ Bitcoin Goes Up!

١١ سبتمبر ٢٠٢٣

The DXY has been going up 8 weeks straight and is now showing a classic rising wedge, a strong bearish pattern.

This is the daily timeframe:

This is the first time this index goes red. This is an overextended rally, a relief, correction or otherwise can easily develop.

The weekly timeframe shows the unsustainable rally and break of rising wedge:

When the DXY starts to go down (soon), Bitcoin will move up (fast).

Namaste.