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Wise Analyze
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Dollar Index got rejected from 103.3 and now losing SR at ~102.15 Next target for that retracement is April close and area below it 101.67-101.5 Needless to say that Bitcoin performance is in direct correlation with DXY price action. Strong DXY - bearish BTC. Weak DXY - strong BTC. #DollarIndex #DXY #Dollar #USD

Dollar Index got rejected from 103.3 and now losing SR at ~102.15 Next target for that retracement is April close and area below it 101.67-101.5

Needless to say that Bitcoin performance is in direct correlation with DXY price action. Strong DXY - bearish BTC. Weak DXY - strong BTC.

#DollarIndex #DXY #Dollar #USD

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#Bitcoin dipped below the range which it started forming on May 15 - precisely one month ago with middle around ~69060 and top at ~72130. That move liquidated stops under 65800 which I indicated yesterday as a guaranteed target for bearish move โœ… If the following days $BTC price close above range bottom, it will be a failed bearish swing with potential to return back to the middle, and potentially to the top. Only theoretically! So far looks like shit =) If the following days price start trading below 66k, it will lead to further retracement to 64k / 63 and possible dips down to 59k (higher timeframe range bottom). Nearest liquidity pools: above - 67720 / 69195 / 70390 below - 64950 / 64270 / 63080 Lines on the chart: ๐Ÿ”ธ72132 - May high ๐Ÿ”ธ71363 - March close ๐Ÿ”ธ69667 - week close ๐Ÿ”ธ68540 - last week close ๐Ÿ”ธ67577 - May close ๐Ÿ”ธ66239 - week close ๐Ÿ”ธ64025 - last April week close #BTC trend: D โ–ถ๏ธ W ๐Ÿ”ผ M ๐Ÿ”ผ ๐Ÿค‘ F&G: 74 < 74 < 70 < 72 < 74
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Update for $PEPE chart. Week look good for a bounce and even another leg up. Day chart yet choppy, supports the idea of random wicks down and up before we see the result.
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๐Ÿ“‰ Bitcoin Daily ๐Ÿ“ˆ #Bitcoin dropped back to the bottom of that range it started forming month ago. Short term I can see two almost guaranteed targets for price to visit. Those are May close at 67578 (above) and ~65800 below, which hides huge liquidity from stops under all buy tails within past month. Also correlates with quarter VWAP. Higher timeframe picture - $BTC remains within month uptrend and week bullish consolidation range. If middle of that range will be lost (trigger - week close below ~67.7k) price will come back to the bottom around 59-62k Nearest liquidity pools: above - 67707 / 69195 / 70320 / 70800 below - 66150 / 65725 / 64233 / 63080 Lines on the chart: ๐Ÿ”ธ72132 - May high ๐Ÿ”ธ71363 - March close ๐Ÿ”ธ69667 - week close ๐Ÿ”ธ68540 - last week close ๐Ÿ”ธ67577 - May close ๐Ÿ”ธ66239 - week close ๐Ÿ”ธ64025 - last April week close #BTC Trend: D โ–ถ๏ธ W ๐Ÿ”ผ M ๐Ÿ”ผ ๐Ÿค‘ F&G 74 < 70 < 72 < 74 < 72
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$NOT made another dip to 4H FVG, just as I forecasted. Not as low as I thought it will, but at this stage we can't confirm its over with dips. So still might get there. Developing Daily 20SMA at 0.01576 now and act both as a magnet and support. So dips to that level are highly possible and can be a bullish buy opportunity in case there will be high volume and price will be pushed back up fast. If that don't happen, watch the following levels for PA: 0.0145 / 0.0132 / 0.0120 #NOTcoin #NOT #NOTUSDT
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Dollar Index followed my drawing and now at the stage of inevitable bounce after the dump. I've added yellow line to show another possible scenario with rejection from last May week high and return back to May close at ~104.22 Today PPI at 12.30 UTC, so we should see some more volatility. The higher this week close, the higher are chances for #DXY to continue towards 105.4-105.7 as per original drawing scenario. #DollarIndex #DollarDominance
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