BTCUSD - Tether Marketcap increasing while DXY dropping
Updated
BTCUSD might drop on the near future
(I see a possible retest of RSI support mainly on the 4h)
BUT we can see a huge uptick as long as
1) Tether Marketcap continues to increase and
2) DXY continues to drop
See my previous idea for DXY as it hasn't change until trendline from 2011 is broken (DXY>95)
(I see a possible retest of RSI support mainly on the 4h)
BUT we can see a huge uptick as long as
1) Tether Marketcap continues to increase and
2) DXY continues to drop
See my previous idea for DXY as it hasn't change until trendline from 2011 is broken (DXY>95)
Note
Either the previous triangle is broken to the up side oran ascending triangle is being printed.
bearish target - 10600
bullish target - 12000
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