BTCUSDT $27000 Weekly Update June04 2023 #23
BTCUSDT $27000 Weekly Update June04 2023 #23
Price is back below the resistance 27.7-28.3k
The 3D macd remains suggesting that the trend is still down
The W volatility could picked up since the W macd is flipping negative. Will continue to monitor it.
The Fib levels for target supports remain 0.382-0.50fib or ~22-24k.
Will discuss about 0.618fib if/when necessary, specially on the macro level. That is a strong buy zone if it retests it for the Wave2 potential bottom.
Will continue to monitor the wave2 directional trend.
30.3K remains a level to stay below to continue the downtrend.
Price is back below the resistance 27.7-28.3k
The 3D macd remains suggesting that the trend is still down
The W volatility could picked up since the W macd is flipping negative. Will continue to monitor it.
The Fib levels for target supports remain 0.382-0.50fib or ~22-24k.
Will discuss about 0.618fib if/when necessary, specially on the macro level. That is a strong buy zone if it retests it for the Wave2 potential bottom.
Will continue to monitor the wave2 directional trend.
30.3K remains a level to stay below to continue the downtrend.
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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.