DXY Down, BTC Up
As we all know DXY is correlated with BTC in a way in which when DXY goes down, BTC start going up.
With that in mind, DXY has been making lower lows creating an inverse 123 pattern.
It's also respecting the trend lines that are drawn from the pitchfork indicating a strong downtrend.
Although DXY has hit a major support, it still has the possibility of going down and I'm sticking to that possibility.
Also, with BTC breaking ATH's, it's pretty safe to say that we are bullish on BTC already.
With DXY going down, it'll just be an extra pump to an ever higher ATH on BTC.
With that in mind, DXY has been making lower lows creating an inverse 123 pattern.
It's also respecting the trend lines that are drawn from the pitchfork indicating a strong downtrend.
Although DXY has hit a major support, it still has the possibility of going down and I'm sticking to that possibility.
Also, with BTC breaking ATH's, it's pretty safe to say that we are bullish on BTC already.
With DXY going down, it'll just be an extra pump to an ever higher ATH on BTC.
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