BTCUSDT 6H to Daily time frame update 1/12/2022
Bitcoin pulled back to the our previous sprt level (42.9-43.9k), which could act resistance.
So:
BTC on D: Resistance 44500 up to the D 21ema at 45.2k
BTC on 6h: Resistance 43500-44000
BTC on 3D: Trend is still down as macd is still negative
BTC on Weekly: Trend is still down as macd is still negative and price is below the W
**40975-39500 will provide temporary sprt**
Next target big target sprt is 36500-35600 or M21-W100 or 0.786-0.618
So:
BTC on D: Resistance 44500 up to the D 21ema at 45.2k
BTC on 6h: Resistance 43500-44000
BTC on 3D: Trend is still down as macd is still negative
BTC on Weekly: Trend is still down as macd is still negative and price is below the W
**40975-39500 will provide temporary sprt**
Next target big target sprt is 36500-35600 or M21-W100 or 0.786-0.618
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