After Bitcoin has reached it's perfect 1 to 1 it's the first time since previous ATH break that we've found meaningful resistance and also and area to which profits are being taken.
Looking to DXY for confluence you can see the inverse correlation between the two. With DXY finding a macro support and forming similar market structure as to its decrease over 2017.
The RSI on DXY giving a weekly bullish divergence signal at the bottom of the decline in 2018, this is also visible now with-in similar market structure and also a bullish divergence signal.
All things considered I think we are in for a meaningful retracement on BTC.
Looking to DXY for confluence you can see the inverse correlation between the two. With DXY finding a macro support and forming similar market structure as to its decrease over 2017.
The RSI on DXY giving a weekly bullish divergence signal at the bottom of the decline in 2018, this is also visible now with-in similar market structure and also a bullish divergence signal.
All things considered I think we are in for a meaningful retracement on BTC.