BTC (Y20.P1.E5).MACRO.Trend.Forecast
Updated
Hi all,
** Note: This POST is only about the MACRO level.
> After looking at the bottom and drawing some trend lines, it occurred to me that we possibly have a "DIAMOND reversal trend", at the Macro level.
> Beyond what most have have accepted and pretty much confirmed is that a inv. H&S took place, which is not the whole story.
> FYI I define inv. H&S as a Micro or Medium level move (just to make sure my language is with consistent meaning).
Below are some of my observations\hypothesis and the rest I leave to you to come up with your conclusions.
Enjoy.
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
S.Sari /CryptoProspa
I'll just put in the micro level observations to give a case for the "DIAMOND bottom formation"
At the big structure level, what we had in 2019 was a continuation pattern. A big year next year and on-wards?
(note red vertical line represents BTC halving time line)
Also not key details about macro fib. levels and their confluences.
I like this MA, which does a good representation of the segment from bearish to bullish indicator.
The RSI also has some points on supporting the bullish thesis on the daily and weekly which I wont go into.
My thoughts at the MEDIUM LEVEL with a DIAMON support structure
Supporting this post, is the PREVIOUS POST and the explanations to go with it for bottom channel trend
** Note: This POST is only about the MACRO level.
> After looking at the bottom and drawing some trend lines, it occurred to me that we possibly have a "DIAMOND reversal trend", at the Macro level.
> Beyond what most have have accepted and pretty much confirmed is that a inv. H&S took place, which is not the whole story.
> FYI I define inv. H&S as a Micro or Medium level move (just to make sure my language is with consistent meaning).
Below are some of my observations\hypothesis and the rest I leave to you to come up with your conclusions.
Enjoy.
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
S.Sari /CryptoProspa
I'll just put in the micro level observations to give a case for the "DIAMOND bottom formation"
At the big structure level, what we had in 2019 was a continuation pattern. A big year next year and on-wards?
(note red vertical line represents BTC halving time line)
Also not key details about macro fib. levels and their confluences.
I like this MA, which does a good representation of the segment from bearish to bullish indicator.
The RSI also has some points on supporting the bullish thesis on the daily and weekly which I wont go into.
My thoughts at the MEDIUM LEVEL with a DIAMON support structure
Supporting this post, is the PREVIOUS POST and the explanations to go with it for bottom channel trend
Note
Note
Another indicator, ichimoku CloudNote
MACRO MoveNote
Another bullish indicator coming together.On the daily, noting the 21 EMA is curving up towards the 50. If the price stays up and\or move sideways, it will bring the 21 EMA up to cross the 50 EMA. Note the previous bottom in 2019 and how the EMA's converged, I'm starting to see this possibility in the next month or 2.
Note
Update. As long as we are below the weekly 21 EMA and the DAILY 320 MA, we are bearish.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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