BITCOIN $59000 MACRO Update: Wave4 Correction
BITCOIN $59000 MACRO Update: Wave4 Correction
1-Resistances:
A) W21ema (~$61,000) is providing an immediate resistance.
A break above 67K (If the the W21e is taken out), could resume the bullish momentum for
the wave5 of the macro trend.
2-Supports
A-Support zone to watch going into Q4:
53-50K (W50ema-M21ema support on average).
The M21e is at 47k, however bulls could front run it.
3-M21ema Must Hold
3) Bulls must find support at the M21ema in order to avoid price closing below it, which could
trigger more panic selling
1-Resistances:
A) W21ema (~$61,000) is providing an immediate resistance.
A break above 67K (If the the W21e is taken out), could resume the bullish momentum for
the wave5 of the macro trend.
2-Supports
A-Support zone to watch going into Q4:
53-50K (W50ema-M21ema support on average).
The M21e is at 47k, however bulls could front run it.
3-M21ema Must Hold
3) Bulls must find support at the M21ema in order to avoid price closing below it, which could
trigger more panic selling
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.