I think Don't Miss Buying Opportunity Check Out Now #BTC☀ And #DXY Chart I'm Bullish 💥🚀

🙏 GOOD SIGN FOR CRYPTO 🙏

So $BTC ended September with a green candle, which is surprising after many years when most of September was red candle. So will October welcome #BTC as a green or red candle? History has proven that most of October will be a green candle for BTC. Along with that, there is a pretty good indicator for BTC that #DXY is being sold off, which will be a good sign for risky assets like crypto.

What is DXY?

This is the US dollar index. This index measures the strength of the US dollar.

In a bear market, investors hold cash, so the USD strengthens.

In a bull market, investors sell cash to buy risky assets, so the USD weakens.

DXY is at a 9-month low and is approaching a 14-month low.

Regardless, there are many positive signs to look forward to in October and the rest of the year for the crypto market.

Note: This article is a personal opinion, not investment advice. #Write2Win #hotTrends

Another good sign for crypto... DXY is dumping 👀

What's DXY?

It's the U.S. Dollar index. It measures the strength of USD.

In bear markets, investors hold cash, so USD strengthens.

In bull markets, investors sell cash for risk assets, so USD weakens.

DXY is at 9-month lows and approaching 14-month lows 👀

#Bitcoin #BitEagleNews #DXY

DXY (Dollar) - Technical Analysis

Monthly
Last candle still closed above old L, 0.5 of monthly FVG and even 0.5 of old candle wick. So what I'm expecting is P to fill some of recent candle wick before trading higher.

Weekly
So last candle traded to weekly VI then closed below old L, 0.5 of weekly candle wick & P is close to sellside. Looking for P to trade lower.

We also have NFP eco news this week. NFP usually create the H of L of the month. If it does that, we will have a general idea of P will likely to go next.

Daily
Last candle close created SFP & VI right above. Looking for P to trade higher. Noting that P has been consolidated around here, so large expansion is coming.

H1
P traded through NWOG with momentum, so I don't expect P to trade back below it again.

Looking for P to sweep sellside to look for long. P could tag the H1 FVG below 0.5 but I don't want to see it completely fill it out.
Or base on intraday PA.

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My Technical Analysis Abbreviations

#DXY #TradingMadeEasy #tradingtechnique #CryptoMarketMoves #DayTradingTips

DXY - Technical Analysis

Weekly
So last candle traded to weekly VI then closed below old L, 0.5 of weekly candle wick & P is close to sellside. Looking for P to trade lower. Noting that monthly candle is about to close soon, let's see how P close today. We also have NFP eco news this week.

Daily
Potential SFP is forming, I'm leaning toward P to trade a bit higher. Let's see how P reacts when it trades to 0.5 daily wick. Noting that P has just tagged Last D L. It could just trade lower from here.

H1
Looking for P to trade to 0.5 daily wick and how it reacts to that one. Noting that we have equal Hs right above 0.5. Let's see how intraday PA gives me going to trading hour.

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#DXY #TradingMadeEasy #tradingtechnique #CryptoMarketMoves #DayTradingTips

#DXY UPDATE :

#DXY performed the same and also #Bitcoin hits the $65,000 level. With that, #DXY started further consolidating and trying to move lower. Weekly closing looks solid, we we can expect some sort of retest and further lower moves, market will rally higher.
$BTC

#DXY #Bitcoin Major News!

The Dollar Index is breaking through a multi-year support level on the monthly chart, which is a critical development.

As you may know, the Dollar Index and risk assets like #BTC have an inverse relationship.

Crypto is gearing up for a big move soon! 🚀
$BTC

the US dollar index DXY is poised for a significant move, but immediate expectations remain muted.
#BTC☀ and #DXY often shows an inverse corrolation.👀
The US Dollar Index (DXY) is currently in a state of indecision, with the CME Fedwatch tool indicating nearly equal chances for either a 25 or 50 basis point rate cut in November. This uncertainty is keeping the DXY within a tight trading range
Key Levels:

Resistance Levels:

Upper September range: 101.90

Potential target: 103.18

55-day SMA: 102.30

100-day SMA: 103.52

200-day SMA: 103.75

Major round level: 104.00

Support Levels:

Initial support: 100.22 (September 18 low)

If breached, next support at 99.58 (July 14 low).

Further decline could lead to early 2023 levels around 97.73.

#Dyor2024 #DXY

DXY - Technical Analysis

Daily
Last candle did take out the sellside then close really close to daily FVG. Looking for P to trade to the FVG & how P reacts to it.

I mentioned this before. When P didn't completely close through the VI (Volume Imbalance), it will always act as a magnet to draw P.

H1
P closed through NWOG with momentum like that, it's likely that P will not trade back below it again. I can only base on intraday PA to look for setup targeting the FVG L & Mid gap.

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My Technical Analysis Abbreviations

#DXY #TradingMadeEasy #tradingtechnique #CryptoMarketMoves #DayTradingTips

DXY - Technical Analysis

Daily
Last candle traded to daily FVG then close below. Looking for P to trade lower. P might fill some of the wick before doing so.

H1
Looking for P to sweep buyside to look for short.

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My Technical Analysis Abbreviations

#DXY #TradingMadeEasy #tradingtechnique #CryptoMarketMoves #DayTradingTips

DXY - Technical Analysis

Weekly
Last candle swept old L then closed above it, potential SFP is forming. I'm looking for P to trade to weekly VI right above right atm. P might fill some of the wick before doing so.
Noting that P tagged 0.5 of monthly FVG then close above it and in 7 more days the monthly candle will close.

Daily
Last candle traded to 0.5 of daily wick then closed above old L as indecisive candle. P hasn't closed through the VI so it always a magnet to draw P back to it. Looking for P to trade higher to daily FVG. P might fill some of the wicks before trading higher.

H1
Looking for P to sweep sellside to look for long
Or base on intraday PA to look for setup.

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My Technical Analysis Abbreviations

#DXY #TradingMadeEasy #tradingtechnique #CryptoMarketMoves #DayTradingTips

#DXY

eyes on the 104 area 🧘‍♂️

#DXY is now at the 105.50-105.80 resistance area. After the breakout,its moving up & all markets showing slow downward movement as expected.We might see a small retracement from here.If price breaks above 105.80 level then we see a move toward 107.80-108.20 resistance.
#BTC

#DXY Doller index Daily Trade Setup Waiting For High Impact Fundamental Events 6:30 - 8:00 👀 If News Match With TA Then We Will Execute Trade in Risk Assets #BTC

S&P500 closed the week with bullish impulse. #DXY bounced and breaking the trendline. So these things make me think that SPX bullish impulse might have high chances to get rejected and DXY will gain more power on breakout. So? #BTC correction coming #Binance #dyor #crypto2023

#DXY Can Be Last Bull Resort May Be Not 🤤 Lets c What Banks 🏦 ll Do to Improve thr image

#DXY moved perfectly over as anticipated, Index slides lower with the #fomc meeting and looks like it was making a rejection.

we can see a deeper correction in the overall market. Looking onto the Daily TF, Index can reach out 104% or 105% resistance, so keep an eye on that.

#DXY 💭 My FA+TA Anticipation Levels!! Swing Trend is Bearish in DXY, But Daily Trade Bias Are #LongON 🤤 Let the News/Event Decide The Real Actual Bias