BTC (Y20.P3.E27).MACRO.Structure

16 Ağu 2020

Hi All,

Due for another BTC macro update since I haven't updated it for a while.
If you look at the trend lines, support\resistance, from a wave cycle point of view, this makes sense.
Not to forget we are close to over bought conditions on the Weekly RSI which also aligns very well with the SP500 and Gold markets too, which also seem to be over due for a correction.

They are all due for a correction.

Note: Wave 3 to 4 should be complex and ignore what I have place for 3,4,5, its just a place holder for now.

Please give me a tick or like for this post.


Regards
S.Sari

Macro view, Note the weekly RSI approaching trend resistance. If it passes this point, then we will hit 16k to 20k


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