BTC (Y20.P5.E8).Macro.View

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Ref.z.chart

Hi All,

This post is to complement or support he previous post, link below from a mid macro level.

Key points:
> Fib levels at the macro level seem to play support resistance;
> The Green zones are key levels of support\resistance;
> Using the daily, weekly (WS) and monthly (MS) candle sticks to place support and resistance lines:
> I have it going as high as 18400, 18800 is possible;

I have 2 levels of interest to leverage long, along these Green high volume pivot levels;
Using the RSI and other indicators at the time to make that decision;


All the best,


S.SAri



PREVIOUS POST supporting this thesis

٢٨ نوفمبر ٢٠٢٠

ملاحظة

I like this channel and price will be range either the upper quadrant or lower quadrant area of the channel.
There is a slight % that price goes up from here but I doubt it.

Note the Daily RSI support line and how it will act as a rejection area.
This is where price is likely to find resistance on the daily

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ملاحظة

٢٩ نوفمبر ٢٠٢٠

ملاحظة

When I made the call, in a private session.
twitter.com/WinthorpeDa2nd/status/1333043938073010176/photo/1

٣٠ نوفمبر ٢٠٢٠

ملاحظة

BTC has strong upward pressure on the daily, so i'm expecting this resistance level will be passed. I have a gut feeling the sloping support trendline is the real resistance and potentially the reversal.
I do have a bullish scenario, where we have no pullback...which is not absurd as the weekly candlestick closed very bullish.

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ملاحظة

Approaching key area. If BTC can hold above this approaching level on consolidate more likely under this resistance, it might have a chance to breaking the previous high.
The deeper pullback is in question by many seasoned traders. I will give a scenario as to what this could be later tonight.

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ملاحظة

One of the concerns have been broken. Great.
Here is the current scenario that is playing out, a bullish scenario.

١ ديسمبر ٢٠٢٠

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Target reach. New posts will be posted.