BTCUSDT & ETH 38500/2530 Weekly update March07-14 #10
The BTC price is back to 40-37k previous consolidation range. Therefore, the 43-45 appears to be the hard resistance.
The next sprt is 30k avg or the July's lows. If volatility is slow, the down trend could be choppy.
Will discuss about the Monthly 50ema second support when/if it hits 30k buy support
For the Bullis Bias Will look bullish setup if bulls breakout above 46k. Then will use the 4h or 6h 21ema as entry point depending on volatility
ETHUSDT($2530) Potential 25-30% swing short.
✅ Short entry: 2500-2550
⚠️ SL 2866
Take profits
🚀 2165( close 35%), then adjust SL to break even or at entry.
🚀 1914 ( close 35%)
🚀 1710( close 30%)
The next sprt is 30k avg or the July's lows. If volatility is slow, the down trend could be choppy.
Will discuss about the Monthly 50ema second support when/if it hits 30k buy support
For the Bullis Bias Will look bullish setup if bulls breakout above 46k. Then will use the 4h or 6h 21ema as entry point depending on volatility
ETHUSDT($2530) Potential 25-30% swing short.
✅ Short entry: 2500-2550
⚠️ SL 2866
Take profits
🚀 2165( close 35%), then adjust SL to break even or at entry.
🚀 1914 ( close 35%)
🚀 1710( close 30%)
