Bitcoin Update


Yesterday I noted that the Perfect Storm Index™ had risen to 69/100, signalling an increasingly hostile macro backdrop for risk assets.
At the same time, the developing bearish RSI divergence on the weekly chart suggested the B-wave rally was losing momentum.
Today's decline in #Bitcoin has so far aligned with both the macro and technical outlook.
The Perfect Storm Index™ isn't designed to predict every move—it's designed to measure when the balance of risks is becoming increasingly unfavourable.
One Number. Multiple Market Signals.
#BTC #Crypto #Macro #ElliottWave #PerfectStormIndex
BTC-1.57%
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