blakiat on Nostr: #Bitcoin Might flying soon. 🛫 As you probably already know there is an inverse ...
#Bitcoin    Might flying soon. 🛫
As you probably already know there is an inverse correlation between #BTC    & the dollar index.
If you pay attention to respectively their price action during the past year, whenever the dollar price printed a bearish candlestick pattern, it's been followed by a decrease in price, and Bitcoin price increased.
With one exception : the FTX bankruptcy event.
The dollar index just closed its weekly candlestick and it is a shooting star. A bearish candlestick pattern.
It could be very significant for its price in the coming weeks/months.
A decrease might occur which could lead Bitcoin and potentially other risk assets to increase in price significantly.
The end of year might be very interesting.
Buckle up.
Published at
2023-10-07 16:34:37Event JSON
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"content": "#Bitcoin    Might flying soon. 🛫\n\nAs you probably already know there is an inverse correlation between #BTC    \u0026 the dollar index.\n\nIf you pay attention to respectively their price action during the past year, whenever the dollar price printed a bearish candlestick pattern, it's been followed by a decrease in price, and Bitcoin price increased.\n\nWith one exception : the FTX bankruptcy event. \n\nThe dollar index just closed its weekly candlestick and it is a shooting star. A bearish candlestick pattern.\n\nIt could be very significant for its price in the coming weeks/months.\n\nA decrease might occur which could lead Bitcoin and potentially other risk assets to increase in price significantly. \n\nThe end of year might be very interesting. \n\nBuckle up.\n\n\nnostr:nevent1qqsr8zv4emfycfmpl2sy957zhmg8l8mzx2amvd2qxxhr7g7aauzq98cpp4mhxue69uhkummn9ekx7mqzyqsanqsxa2q2ftk45lh6j7t9khhs3783eu3w722ur52tel85alp65qcyqqqqgfckd63gs",
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