BTC (Y20.P5.E7).Macro.Pullback sign has arrived.

Hi,

Its the pullback that many have been talking about.
Some of my recent posts focused on consolidating the ALTs to BTC as a cautious measure or USD.
Those who followed that strategy, would be much better off now.

As for the chart/s, although we got support on the daily 20 EMA, the trend has changed and a few other things indicate to me we are going down.

Key points:
> Broke a key trend line
> Bearish divergence on the daily
> Daily candle structure and 12 hrly as well
> Daily RSI broke the support level (chart below)
> Alts have made their tops (eth chart below)
> BTC dominance is up (chart below)
> We were way over extended.

BTC dominance chart

12 HRLY chart, note the bearish structure of the candle sticks.

ETH chart, usually a leading indicator

Weekly chart
Heading for the 2 fib levels which has confluence with the 10, 20 weekly ema.

Comentário:

A slight over performance
Note how the 0.618 level is not out of the question.

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this market is bullish and more so next year.
I have it pulling back to 14k to 16.5K level, or the 0.618 fib but more likely the weekly 21 EMA

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the moves for the short term.

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