BTC MACRO RANGE & RSI
BTCUSD Monthly
Taking a look at the MACRO TF.
It will be interesting to see if BTCUSD can break the Monthly Resistance & reclaim previous high. It is still 22days until the next candle so there is plenty of time left within the current session.
Also identifying Month Support and comparing it to previous Bullrun of 2017. After BTCUSD failed to reclaim top of 2017 it fell to Support and rejected multiple times.
NOTE: RSI was also extremely overbought during 2017, as it is currently also.
What range do you think price action will operate within this time if we follow and repeat the cycle?
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Taking a look at the MACRO TF.
It will be interesting to see if BTCUSD can break the Monthly Resistance & reclaim previous high. It is still 22days until the next candle so there is plenty of time left within the current session.
Also identifying Month Support and comparing it to previous Bullrun of 2017. After BTCUSD failed to reclaim top of 2017 it fell to Support and rejected multiple times.
NOTE: RSI was also extremely overbought during 2017, as it is currently also.
What range do you think price action will operate within this time if we follow and repeat the cycle?
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
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