Daily Technical Analysis on BTC 28/07/22

Daily Technical Analysis on BTC 28/07/22


 

- The Dollar Index DXY is still in the fibo zone of 38.2% to 50% as a support during its long term uptrend.

- The S&P 500 in negative correlation with the DXY, and each time it gets rejected from its resistance when the dollar bounce back on its key support.

Will we still have a rebounce on the DXY or this time we will go lower so that the S&P 500 and the BTC will go higher?

https://www.tradingview.com/x/gALVUdZ0

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*** My queen of strategies is the DCA which has been confirming its throne for centuries, slowly but surely, without being Fomo greedy or without being afraid and doing nothing.

Finally buy the dips when it goes down while the market is scary, and sell on the tops when it goes up with fomo and euphoria in the atmosphere, so I DCA on levels with good risk management.

The turtle will arrive at the end of the road slowly but surely, while the rabbit will quickly be eaten by the wolves.
- The turtle is the long-term trader.
- The rabbit is the degen trader who wants to earn a lot and very quickly.
- Wolves are hunting whales for liquidity.

 

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📈 Huobi: https://www.huobi.com/en-us/topic/double-reward/?invite_code=33423
📈 Bitmart: https://www.bitmart.com/en?r=7cxGAc
📈 Hoo: https://hoo.com/friends/32261780?localeLang=en&
📈 Bybit: https://www.bybit.com/app/register?ref=7Wgmj
📈 Wazirx: https://wazirx.com/invite/xfhht4cr

 

 

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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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