BTCUSDT $58K Wave4 Correction: The M21ema
BTCUSDT 58K Wave4 Correction: The M21ema
Btc has been consolidating for the last 6M.
However, price has still not retested its M21ema(currently at 48k), which is one of the most important key levelof support on the MACRO basis.
Therefore, Support as discussed in previous Updates are:
$53-50K (3W21ema)
48K (M21ema)
The W21ema will continue to act as resistance till its cleanly taken out, then will reevaluate the market from that point on
Btc has been consolidating for the last 6M.
However, price has still not retested its M21ema(currently at 48k), which is one of the most important key levelof support on the MACRO basis.
Therefore, Support as discussed in previous Updates are:
$53-50K (3W21ema)
48K (M21ema)The W21ema will continue to act as resistance till its cleanly taken out, then will reevaluate the market from that point on
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Related publications
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.