Here's a quick look at the 6 hr. BTC chart. A couple of days ago, the price attempted a breakout to the upside from the bear flag but couldn't close above it. This led to a semi-heavy move to the downside, which broke the bear flag to the downside instead!
If the DXY (dollar index) keeps rising, we should expect BTC to continue its move down. And if DXY retraces to lower levels, then BTC may see some upside. Make sure to keep an eye on DXY!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
If the DXY (dollar index) keeps rising, we should expect BTC to continue its move down. And if DXY retraces to lower levels, then BTC may see some upside. Make sure to keep an eye on DXY!
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
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