BTCUSDT 42500 Weekly update Feb 14-21 #7
BTCUSDT hits the Monthly resistance at 45-46. Now volatility is starting to slow down in favor of the bears
Next M support will start at 30500 on avg if prices get get
W candle close with a dojie
W support is still the 35000-33000
W resistance (W21ema) coincides with the M resistance at ~45500-46200
Since the 3D down to the 6h are shifting in the favor of the bears, the immediate downside target on the daily time frame will be the 0.618fib at 37300
Second daily support 35000-33000
Daily resistance=W resistance at 45500-46000
BTCUSDT hits the Monthly resistance at 45-46. Now volatility is starting to slow down in favor of the bears
Next M support will start at 30500 on avg if prices get get
W candle close with a dojie
W support is still the 35000-33000
W resistance (W21ema) coincides with the M resistance at ~45500-46200
Since the 3D down to the 6h are shifting in the favor of the bears, the immediate downside target on the daily time frame will be the 0.618fib at 37300
Second daily support 35000-33000
Daily resistance=W resistance at 45500-46000
