Confirmed Daily bullish divergence on the DXY = Potential Rejection from resistance on the S&P 500 & BTC!


 

Are we confirming the bullish divergence on the DXY which indicates a top on the BTC and then the rejection?
https://www.tradingview.com/x/ucWnh3K7/ 

 

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I have shared a back test on the DXY with the BTC which shows that each time the Dollar confirms the bullish divergence, so the BTC is rejected which makes the continuation of the bull run on the dollar DXY and the bear market on BTC.

Confirmed bullish divergences on DXY mark a top on BTC or very close before rejection to the south.
If confirmed Daily bullish divergence on the DXY, a potential short on the BTC!

 

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Will the rise in the dollar index DXY reject the S&P 500 out of its resistance?

Multiple Daily bearish divergences on the S&P 500, via volumes, OBV (On Balance Volume) and the MACD.

The S&P 500 is located on a key level of resistance at 4300 in confluence with the 61.8% fibo.

The S&P 500 in positive correlation with the BTC and both rising without volumes, I think we are very lucky that the Dollar will be stronger and will continue its bull run which will confirm the continuation of the downward trend on the S&P 500 in correlation negative with the DXY, it is only my opinion which can change if buyers return in force with large volumes.

https://www.tradingview.com/x/bPM3ad2i/ 

 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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