9.23.2020 Update (Wed)
The big picture on the daily time frames
Not much changed in the past 24hours long-term speaking. BTC remains in a bullish trend, and SOPR gave out a “decr. in supply” alert yesterday with the BTC drop from 11k+. These are great R:R zones for longs. The key to watch out for is the SOPR trend. At this point, if BTC drops below 10k, the trend will likely switch to bearish, which will completely alter the current strategies. Before then, enjoy the dips in bull runs! The zone for accumulation is now around 10.3k.