BTCUSDT 29000 Short Term update MAY 1 8 2022
BTCUSDT 29000 Short term update
Keep an eye on the 6H macd crossing down
For the next negative crossover on the 6H MACD, if the volatility slows down after the cross over, bull could steal the show and push back up the price up to the 6h100ema
Therefore, 26-25K will be a temporary support again (not permanent support) if macd 6H stays positive.
Current level at 28900-28500 can still be a temporary support also, then a retest of the 6h100ema
The macro directional move is still down and my next target is still 21k ±10%
Keep an eye on the 6H macd crossing down
For the next negative crossover on the 6H MACD, if the volatility slows down after the cross over, bull could steal the show and push back up the price up to the 6h100ema
Therefore, 26-25K will be a temporary support again (not permanent support) if macd 6H stays positive.
Current level at 28900-28500 can still be a temporary support also, then a retest of the 6h100ema
The macro directional move is still down and my next target is still 21k ±10%
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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.