DEvilkin

dxy us dollar index (btc inverse correlation in description)

Long
TVC:DXY   U.S. Dollar Index
this index is heavily inversly corellated with bitcoin and it is possible that its establishing new makro lows which would mean bitcoin also already established its makro highs. Even though bitcoin makro chart looks like it wants to go up, i have to oppose this idea. I think its possible to make higher highs on btc, but if DXY will maintain and this level on the makro structure, and advance back into the previously established range, then btc will in my opinion fall rapidly and will not achieve the 5 digit targets in this run.
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