#DXY - Looking like its back back some ground to 111
Looking like The DXY is starting to bounce and this could quite easily continue up to 111 - 112 region for a retest. When DXY pumps this is rarely good news for risk assets, namely BTC so with the FUD atm then we can expect some more downside if this scenario plays out.
Bounced perfectly off support and the 200 Day moving average, of course this is an extremely short term look at a very long term asset so always be sure to zoom out with these kind of assets.
Looking like The DXY is starting to bounce and this could quite easily continue up to 111 - 112 region for a retest. When DXY pumps this is rarely good news for risk assets, namely BTC so with the FUD atm then we can expect some more downside if this scenario plays out.
Bounced perfectly off support and the 200 Day moving average, of course this is an extremely short term look at a very long term asset so always be sure to zoom out with these kind of assets.
