BTCUSDT 39700 Quick Update May 05 2022
BTCUSDT 39700 Quick Update May 05 2022
Monthly Momentum negative
The 3w time frame macd still negative and price still struggling to stay above the 21em
W-D momentum negative, price still struggling to stay above the W21ema
W-D momentum negative
Based on the higher time frame momentum, 30k is still the first directional support than M50ema.
The two most important macro supports for BTC are the M21ema & M50ema
If the momentum changes from this M21ema support (37-35K support for the last 4M), will flip BULL with the trend.
6-12H time frame is showing a positive momentum. Resistance W21-D100 about 42-43k
Monthly Momentum negative
The 3w time frame macd still negative and price still struggling to stay above the 21em
W-D momentum negative, price still struggling to stay above the W21ema
W-D momentum negative
Based on the higher time frame momentum, 30k is still the first directional support than M50ema.
The two most important macro supports for BTC are the M21ema & M50ema
If the momentum changes from this M21ema support (37-35K support for the last 4M), will flip BULL with the trend.
6-12H time frame is showing a positive momentum. Resistance W21-D100 about 42-43k
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