DXY testing today the Golden Zone of the last LH-HIGH fibbonnaci level. Lose 0.618, 103.36 incoming for The Dollar Index. Bullish momentum of 50 & 200 EMA Golden Cross would also act as Support coinciding with 103.3 level, in case DXY fails to close above 0.618 zone.
Meanwhile BTC seems to have broken Character of 25K, with a Daily Close and Open below 25.785$ . Worth mentioning is that #Bitcoin has violated the grey Support-Resistance key Zone with a High Selling Volume well above average. This is a very concerning boundary violation ! For now BTC might get stuck in a range bound of 1.618-2.618 Next target would put BTC at 24.560$
TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before partaking on any trading activity based alone in this idea.
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Zoomed in on smaller TF
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DXY jumping hard at 0.618 fibb. retracement . Take heed of cryptocurrency market
The importance of Proper Risk Management There is always plenty of opportunities given in trading. There's no need to rush positioning heavy and gamble