BTC Macro Trend Analysis - "GTI B" indicatorBitcoin / US DollarBINANCE:BTCUSDtheValleyMan --------- VERDICT: Bullish RSI pattern suggests BULLISH trend will CONTINUE --------- In addition to other methods of analysis, the GTI B indicator is a powerful tool to identify macro trends when used on higher timeframes. Find the published script here: Drop a follow for more ideas, indicators, and strategies. --------- Concept --------- Traditional chart patterns can be drawn on the Smoothed (Averaged) RSI to identify macro trends. A simple protocol can be followed to execute trades with strong conviction: macro) Identify the pattern the Averaged RSI is currently abiding by - Bullish: Falling Channel or Wedge - Bearish: Rising Channel or Wedge step A) Confirmation pattern is lost - Bullish: Strong Average RSI Break Up or Bullish retest - Bearish: Strong Average RSI Break Down or Bearish retest step B) First Stochastic RSI High/Low following step A - Bullish: Stoch RSI Low - Bearish: Stoch RSI High --------------- Trade Analysis --------------- Trade No Macro Step A Step B #1 Rising Channel (Bearish) Bearish Retest Stoch High #2 Rising Wedge (Bearish) Strong Break Down Stoch High #3 Falling Channel (Bullish) Strong Break Up Stoch Low #4 Falling Wedge (Bullish) Strong Break Up Stoch Low #5 Falling Wedge (Bullish) Strong Break Up Stoch Low #6 Falling Channel (Bullish) Strong Break Up Stoch Low **** ANTICIPATED **** #7 Falling Channel (Bullish)