We are at a major support area on 3D, Weekly
Updated
BTC Macro- Sept-Oct 2019 demand area
- Nov-Dec 2019 supply area
- Mar 2020 - Now testing as support
- Currently retesting June 2019 channel (log scale)
- Currently testing 200 EMA
A+ area to accumulate spot imo
Note
By 'accumulate' I mean DCA over the next two months.BTC linear scale puts the channel lower, and global macro is bearish. BTC as macro hedge is still uncertain.Under 6.5k is unlikely imo, since it breaks the logarithmic curve going back to 2010. I expect something like this:
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