BTCUSDT 6H time frame update FEB 11 2022
BTCUSDT flat continuation failed after price dipped below the 6H 21ema while macd stayed negative
Now, looking for confirmation of 45.8 being the end point for bulls.
Therefore 43-44k (6h 21 or 3D 21) will be the main resistance point for bears.
The second resistance is ~45.5k incase bulls get a triple top
The dip end target supprt will be 35-33k or (0.786-0.888fib). I will be looking for 7-10k points on avg to the downside.
The upper level resistance above 46k is still 51.7k, but for now will give bears favor to take control of the trend.
BTCUSDT flat continuation failed after price dipped below the 6H 21ema while macd stayed negative
Now, looking for confirmation of 45.8 being the end point for bulls.
Therefore 43-44k (6h 21 or 3D 21) will be the main resistance point for bears.
The second resistance is ~45.5k incase bulls get a triple top
The dip end target supprt will be 35-33k or (0.786-0.888fib). I will be looking for 7-10k points on avg to the downside.
The upper level resistance above 46k is still 51.7k, but for now will give bears favor to take control of the trend.
