Can Bitcoin Withstand Continued Dollar Strength? | BTCUSD September 22, 2022

Can Bitcoin Withstand Continued Dollar Strength? | BTCUSD September 22, 2022
In this episode of NewsBTC’s daily technical analysis videos, we examine yesterday’s perfected TD9 buy setup in Bitcoin and other potentially bullish signals.  We also compare BTC against the dollar using the DXY Dollar Currency Index. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 22, 2022 In yesterday’s video, we warned of a new low being made due to the appearance of a TD9 buy setup. These signals can be perfected when the candle makes a lower low. Here is how that played out. Related Reading: Bitcoin Reacts To 75 Basis Point Fed Rate Hike | BTCUSD September 21, 2022 Market Timing Tool Triggers Perfect Buy Setup During FOMC Aftermath Given the several shakeouts and the explosive intraday volatility, taking a position based on the the TD9 buy setup was not easy. The TD Sequential has also brought its resistance level down to roughly $22,700. If price can tag the red line, we could have a low timeframe reversal. A bullish divergence on the Relative Strength Index and LMACD potentially back up this bullish signal. We ..

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