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This is just a basic view and understanding of how Dxy and Gold correlate (behave).
General rule of thumb (majority of the time) is, if Dxy is up Gold is down and vice versa.
Arrows are not indicating any price and purely for directional bias in an anti correlated way.
All yen pairs could be ready to reverse.
Look to lower TF's for bearish confirmation, (me personally preferably 1h or 30m).
We need a break of trendline and a break of support, retest and bearish confirmation.
Ones to watch guys.
Huge Potential shown on the weekly.
This is not going to happen overnight.
Patience pays, (marathon not a race).
No guarantees i only ever post what I see in my opinion.
If people wish to drop their thoughts feel free that's great.
As always trade safe guys.
Symmetrical triangle pattern forming on the 4H.
Breakout of this could also give us an earlier indication of what BTC's next move will be.
Bullish breakout of the triangle and through resistance could then see the trendline respected as support.
A bearish break I believe will see the daily analysis play out and push to the purple zone.
My bias, I believe we...
I hold a small percentage of bitcoin.
I think if we remain above 40k we're still bullish.
If not the descent could continue.
I've only posted this as i'm keen to know what everyone's bias is on BTC.
If you agree or not let me know your thoughts guys.