BTDR Macro analysis | The bigger picture | Long-term holders

🎯 After a 500%+ rally to all-time high, BTDR gave back most of its gain in a single week, alongside Bitcoin, undoing all that hard work. Price is currently finding support just above the weekly 200EMA and low-cap golden pocket, 0.786 Fibonacci retracement. The macro structure is still bullish with a series of higher highs and higher lows. Wave C of (C) appears to be underway with a target of the R3 pivot at $44 once momentum to Bitcoin and AI returns. The weekly pivot is the next resistance, $15.

📈 Weekly RSI is below the EQ with plenty of room to fall until oversold, though historically it never quite reaches this low.

👉 Analysis is invalidated if price falls below wave (B), $6, and the structure will start to look bearish.

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Maddox_Metrics

🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com

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Maddox_Metrics

🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com