Bitcoin / TetherUS๊ต์ก
๐ฏBTC & $US index: the secret combo for traders!
๐Bitcoin is rising while the dollar is falling and vice versa. Today I will use the simple examples to show the pattern that helps to identify the trend of Bitcoin for many years.
The instruments that we need:
๐ถBitcoin is the #1 cryptocurrency, the first and foremost crypto-asset, our favorite grandpa. Bitcoin's movement is copied by 99% of all crypto, it is the main indicator of the crypto market.
๐ถDXY - U.S. Dollar Index. It was created in 1974 and shows the ratio of the US dollar to the basket of six other major currencies: euro, yena, pound sterling, Canadian dollar, Swedish krona and Swiss franc. The index essentially shows how strong the U.S. dollar is.
๐กI've taken a few cycles as an example to make it easy to understand this principle. For the example, I don't take data up to 2017. At that time Bitcoin was with the small capitalization and a big HYPE. You're not interested in perfect examples, but in real experience and usage, aren't you?
So, the first cycle of 2017-2018 shows us that:
1. as soon as the index started to fall๐ป, Bitcoin had an active bull run.
2. when the index hit lows it was almost Bitcoin's tops.
The second cycle of 2018-2020, Bitcoin spent in a huge consolidation and two corrections of -70%๐ป What was the index doing this time? Of course it was rising! Only after the last fall of Bitcoin in 2020, it was able to recover and continue its rise to the new ATH!
In the third cycle of 2020-2021 Bitcoin was able to grow to $63-67 thousand due to the unprecedented weakness of the dollar. Now Bitcoin is in consolidation and even the mass adoption and hype around crypto is not help BTC to renew ATH.
๐The dollar was weakening amid huge inflation and Bitcoin was rising, but when the FED began raising the interest rate and investors began to transfer money from Europe to the United States, the index began a new bull run. You saw an example of what happens during an index bull run. Therefore, we should expect an active phase of Bitcoin growth at the moment when the FED rate hike ends (the end of August) and geopolitical issues will be solved๐
Friends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
The instruments that we need:
๐ถBitcoin is the #1 cryptocurrency, the first and foremost crypto-asset, our favorite grandpa. Bitcoin's movement is copied by 99% of all crypto, it is the main indicator of the crypto market.
๐ถDXY - U.S. Dollar Index. It was created in 1974 and shows the ratio of the US dollar to the basket of six other major currencies: euro, yena, pound sterling, Canadian dollar, Swedish krona and Swiss franc. The index essentially shows how strong the U.S. dollar is.
๐กI've taken a few cycles as an example to make it easy to understand this principle. For the example, I don't take data up to 2017. At that time Bitcoin was with the small capitalization and a big HYPE. You're not interested in perfect examples, but in real experience and usage, aren't you?
So, the first cycle of 2017-2018 shows us that:
1. as soon as the index started to fall๐ป, Bitcoin had an active bull run.
2. when the index hit lows it was almost Bitcoin's tops.
The second cycle of 2018-2020, Bitcoin spent in a huge consolidation and two corrections of -70%๐ป What was the index doing this time? Of course it was rising! Only after the last fall of Bitcoin in 2020, it was able to recover and continue its rise to the new ATH!
In the third cycle of 2020-2021 Bitcoin was able to grow to $63-67 thousand due to the unprecedented weakness of the dollar. Now Bitcoin is in consolidation and even the mass adoption and hype around crypto is not help BTC to renew ATH.
๐The dollar was weakening amid huge inflation and Bitcoin was rising, but when the FED began raising the interest rate and investors began to transfer money from Europe to the United States, the index began a new bull run. You saw an example of what happens during an index bull run. Therefore, we should expect an active phase of Bitcoin growth at the moment when the FED rate hike ends (the end of August) and geopolitical issues will be solved๐
Friends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Get access to the private club with VIP signals
๐ bit.ly/vip_bikotrading
๐ทTelegram ๐ t.me/+ICrmLIneDmRiYjIy
๐ทYouTube ๐ bit.ly/YouTube__Lessons
๐ bit.ly/vip_bikotrading
๐ทTelegram ๐ t.me/+ICrmLIneDmRiYjIy
๐ทYouTube ๐ bit.ly/YouTube__Lessons
๊ด๋ จ ๋ฐํ๋ฌผ
๋ฉด์ฑ ์ฌํญ
์ด ์ ๋ณด์ ๊ฒ์๋ฌผ์ TradingView์์ ์ ๊ณตํ๊ฑฐ๋ ๋ณด์ฆํ๋ ๊ธ์ต, ํฌ์, ๊ฑฐ๋ ๋๋ ๊ธฐํ ์ ํ์ ์กฐ์ธ์ด๋ ๊ถ๊ณ ์ฌํญ์ ์๋ฏธํ๊ฑฐ๋ ๊ตฌ์ฑํ์ง ์์ต๋๋ค. ์์ธํ ๋ด์ฉ์ ์ด์ฉ ์ฝ๊ด์ ์ฐธ๊ณ ํ์ธ์.