Time to watch US Dollar Currency Index and Bitcoin.
Both DXY and BTC are trading sideways since 21st Jan 2021.
I have closed some of my trading positions.
I am waiting for confirmation to see which direction the DXY is heading.
If DXY goes up, BTC is likely to go down further continuing the downtrend.
If DXY breaks down, BTC is likely to reverse and breakout to the upside.
Furthermore, the TD Sequential called the trend momentum for DXY and Bitcoin almost perfectly.
Both DXY and BTC are trading sideways since 21st Jan 2021.
I have closed some of my trading positions.
I am waiting for confirmation to see which direction the DXY is heading.
If DXY goes up, BTC is likely to go down further continuing the downtrend.
If DXY breaks down, BTC is likely to reverse and breakout to the upside.
Furthermore, the TD Sequential called the trend momentum for DXY and Bitcoin almost perfectly.
