BTC and DXY

12 Ağu 2023

With the way DXY 4hr and Daily are at the moment it looks like it'll have some upside to the 0.786 FIB area which is also an area with Key trend line and Supply zone from July6th/7th

If DXY does have some upside im thinking BTC has 2 possible downside scenarios,
-White line -
Retest around 29k to 29,1k and then we continue upside to targets on chart
(30,100 - 30,569 - 30,671 and finally my last swing target 31,254)

-Yellow line-
Just a slower play, break down past the little support low low 30's and retest the 3D trend line around 28,843k
Ideally I personally dont want to see it break past recent low 28,669 as it would then invalidate my upside play and potentially in near future create LH's and then here comes 25k target


Lemme know what are ur thoughts!
https://www.tradingview.com/x/EL4E4m6D/

15 Ağu 2023

Not

-DXY-
Hit target area almost the cent



-BTC-
Hit downside and upside targets perfectly, little off the path to get there but right idea.



-New idea-
atempt at break to the upside, reject with slight downside again with possible wick down below recent low on 15min and then that gives 4hr time to range and bottom before trying to break 30k or setting LH

15 Ağu 2023

Not

Im spooky scary good 👻😂👌

downside play hit the top fake out target and wicked down right where i wanted, NOW will we get upside or did the flash crash scare enough retail to keep us dipping