๐ฅ Dollar Index Rising: Bad News For Crypto
Around a month ago I made an analysis on the Dollar index (DXY). Here I argued that there was more short-term pain to come and that another bull-cycle might start in case the DXY will fall further.
After a short intermission between 97 and 99 points, the DXY saw a strong bullish break out. That means that investors are flocking towards the US dollar in fear of further uncertainty in the stock and crypto markets. These renewed fears are fueled by uncertainty about the FED interest rate hikes mainly.
As far as I'm concerned, we're going to see more bearish pressure in the coming weeks. Not sure whether we're going to see another bearish move from BTC, but I doubt that we're going to see 50k any time soon as long as the DXY is rising.
Happy trading!
After a short intermission between 97 and 99 points, the DXY saw a strong bullish break out. That means that investors are flocking towards the US dollar in fear of further uncertainty in the stock and crypto markets. These renewed fears are fueled by uncertainty about the FED interest rate hikes mainly.
As far as I'm concerned, we're going to see more bearish pressure in the coming weeks. Not sure whether we're going to see another bearish move from BTC, but I doubt that we're going to see 50k any time soon as long as the DXY is rising.
Happy trading!
๐ฏOfficial Channel: t.me/FieryTradingChannel
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
๊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.