BTCUSDT 6H time frame update 01/142022
BTCUSDT has started another correction phase
A retest of the Sprt at 40k, could generate another push back up to 43-44k or up to the 6H 100ema on avg
The 6h macd is still positive, so this will create a longer correction phase
If prices bounce back up from the current sprt of 41500, BTCUSDT could print a zig-zag formation by pushing above the current resistance of 44.3k, and possibly retest the 6h/8h 100ema resistance
Therefore, the overall market sentiment as of now is correction phase
If markets condition change, I will readjust with an update
A retest of the Sprt at 40k, could generate another push back up to 43-44k or up to the 6H 100ema on avg
The 6h macd is still positive, so this will create a longer correction phase
If prices bounce back up from the current sprt of 41500, BTCUSDT could print a zig-zag formation by pushing above the current resistance of 44.3k, and possibly retest the 6h/8h 100ema resistance
Therefore, the overall market sentiment as of now is correction phase
If markets condition change, I will readjust with an update
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