BTCUSDT short term setup on the lower degree Jan26 2022
BTCUSDT is consolidating and waiting for the M close. It is a usual consolidation during a strong uptrend( see examples in the video)
While in consolidation, it has the D21e at 21k at the moment.
Both RSI and MACD look exhausted now with the divergences on the 6H. The 6h 100ema at 20500. But this does not signify a macro reversal.
So as of now 21000-20500(D21ema-6h100ema) is temporary support going into February 2023
If it pushes to the upside before end of the month, 25k remains the August Resistance, and the 28k is the M21ema.
I remain bullish as the 3D and W time are staying strong
BTCUSDT is consolidating and waiting for the M close. It is a usual consolidation during a strong uptrend( see examples in the video)
While in consolidation, it has the D21e at 21k at the moment.
Both RSI and MACD look exhausted now with the divergences on the 6H. The 6h 100ema at 20500. But this does not signify a macro reversal.
So as of now 21000-20500(D21ema-6h100ema) is temporary support going into February 2023
If it pushes to the upside before end of the month, 25k remains the August Resistance, and the 28k is the M21ema.
I remain bullish as the 3D and W time are staying strong
