BTCUSDT 41700 6H/D/2D Update Feb 05 2022
BTCUSDT 6H moving averages a pushing for a bullish cross over.
If they cross bullish, that will trigger a bull trend as long as they are pointing up
Two key resistances/take profits for bulls will be:
43.0-43.5 (W resistance) & 45.8-46.0 (M resistance)
If the mvg averages fail to cross bullish, the bear trend will continue for a possible retest of 35-33k.
The 2D macd is already positive, which is a good news. And this could possibly signal that 35-33k will be a strong strong until proven otherwise.
So support for bulls again if price gets rejected above 40k will still be:
35-33k (W & M support)
31.5-29.5k (Secondary support)
BTCUSDT 6H moving averages a pushing for a bullish cross over.
If they cross bullish, that will trigger a bull trend as long as they are pointing up
Two key resistances/take profits for bulls will be:
43.0-43.5 (W resistance) & 45.8-46.0 (M resistance)
If the mvg averages fail to cross bullish, the bear trend will continue for a possible retest of 35-33k.
The 2D macd is already positive, which is a good news. And this could possibly signal that 35-33k will be a strong strong until proven otherwise.
So support for bulls again if price gets rejected above 40k will still be:
35-33k (W & M support)
31.5-29.5k (Secondary support)
