breakoutfakeout

BTC rises as the dollar death crosses

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Interesting that bitcoin has pumped just as DXY (dollar basket) goes and makes a deathcross


Could btc become a safe haven if the dollar falls heavily?

https://www.forexlive.com/news/!/recent-...

One thing to note is that weekly moving averages are very bullish on DXY , so this may end up just another Bitcoin pump and dump.


However i’m happy to be long in this bull flag now while the hourly moving averages are all very bullish and support is below.


Let’s see how far btc can go. Still cautiously taking long profits as we move up until 10,520 the previous monthly swing high is broken and consolidated upon. If the 4hr 200MA can begin to curl up great we should see how far. Then I may hold for longer or reverse and go short. Right now its best not to get too excited about longs and be prepared to take profits sooner rather than later.


Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter