Bitcoin is approaching a decision point.
The weekly chart suggests the B-wave rally may be nearing completion.
If bearish RSI divergence develops, it would support the case for Wave C lower.
Meanwhile, the Perfect Storm Index™ has risen to 68/100, indicating macro conditions remain risk-off.
When technicals and macro tell the same story, I pay attention.
#Bitcoin #Crypto #ElliottWave #Macro #PerfectStormIndex
The weekly chart suggests the B-wave rally may be nearing completion.
If bearish RSI divergence develops, it would support the case for Wave C lower.
Meanwhile, the Perfect Storm Index™ has risen to 68/100, indicating macro conditions remain risk-off.
When technicals and macro tell the same story, I pay attention.
#Bitcoin #Crypto #ElliottWave #Macro #PerfectStormIndex
