YorkTrader

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Dollar weakness incurred due to substantial cash injections by the Fed = inflation. DXY down 10.5% since high of this year, can be correlated with DXY, EURUSD, XAUUSD, BTCUSD.

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Note the effect on the DXY in 2017, as the Bitcoin bullrun took off. Potential indicator of USD = Bitcoin strength.

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#DXY FORECAST FOR THE NEXT YEAR.

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Find Related Idea below

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As can be seen on the attached chart, on the 5th of November 2018 Bitcoin plummeted upon breaking a significant trend line and support level. It then found a fresh level of support earlier this year in January, from which it has steadily climbed until meeting a resistence level over the past month. To me, this is a text book break and retest, and I expect Bitcoin...

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Keep watch on this!

YorkTrader Updated 

Keep watch here

YorkTrader Updated 

Watch this trendline very carefully!

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Watch the weekly candles on the logarithmic view and see if the price will remain above the trend line!

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Using the Logarithmic view I find it quite clear to find the relevant supports and buy points. Obviously technical analysis is all subjective, and price action must be observed closer to the time on these areas to determine whether they will hold or break.