BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Crypto Analyst Details Bitcoin Playbook Through October, Says US Dollar Index Is Bullish for Crypto

Crypto Analyst Details Bitcoin Playbook Through October, Says US Dollar Index Is Bullish for Crypto
A widely followed crypto analyst is sharing what he expects to be Bitcoin’s ( BTC ) trajectory over the next month.
Crypto trade Justin Bennett  tells  his 109,600 Twitter followers what to expect from the king crypto should BTC continue trading above $18,700.

“As long as $18,700 holds, this is my Bitcoin playbook through October.”
Source: JustinBennettFX/Twitter
With BTC trading for $19,567 at time of writing, Bennett expects the largest cryptocurrency by market cap to continue in a bullish deviation until at least Halloween.
Bennett also looks at the US Dollar Index (DXY), a measure of the strength of the US dollar against a basket of assets, in this case, digital assets.
Generally speaking, a bearish DXY is bullish for crypto and vice versa.
Bennett  says  the DXY just confirmed a bearish deviation, which is potentially good news for crypto.
“Not only did the DXY confirm a bearish deviation from a 10-month level today, but it also closed back inside this channel from August.
Bullish for stocks and crypto.”
Source: JustinBennettFX/Twitter
Bennett also takes time to assess the total crypto market cap (TOTAL), measuring the strength of the entire crypto market. The trader calls this chart the one to watch for crypto right now.
“TOTAL is still the crypto chart to watch, in my opinion. 
$913 billion-$920 billion is still holding as resistance. A daily close above that area is needed to secure an October rally.
Expect chop until this range breaks.”
Source: JustinBennettFX/Twitter
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix



Check Latest News Headlines


 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Zaleman/PurpleRender
The post Crypto Analyst Details Bitcoin Playbook Through October, Says US Dollar Index Is Bullish for Crypto appeared first on The Daily Hodl .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Crypto Analyst Details Bitcoin Playbook Through October, Says US Dollar Index Is Bullish for Crypto


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



Dokky PRO - Bookcase Shop Script