BTCUSDT 30900 Weekly Update May15-22 2022 #20
The Next Macro sprt is the Q21ema at 22-20k as the M50ema target was hit 25-26k
The M50sma is at 21k±10%. So bears have to ladder position is advance.
Bulls need to ladder positions in advance at 21k±10% for buys
The Next resistance for the macro view is at 37-40k or the M21ema whichever one come first
Volume is in favor of bears.
**For the short to medium term time frame:**
BTCUSDT is closing another candle below the W100ema.
3D-W macd are still bearish
30-32k is the short term resistance: previous support now acting as resistance
**The trend is still down** till the 3D macd shifts bullish.
Sen Crypto,
The Next Macro sprt is the Q21ema at 22-20k as the M50ema target was hit 25-26k
The M50sma is at 21k±10%. So bears have to ladder position is advance.
Bulls need to ladder positions in advance at 21k±10% for buys
The Next resistance for the macro view is at 37-40k or the M21ema whichever one come first
Volume is in favor of bears.
**For the short to medium term time frame:**
BTCUSDT is closing another candle below the W100ema.
3D-W macd are still bearish
30-32k is the short term resistance: previous support now acting as resistance
**The trend is still down** till the 3D macd shifts bullish.
Sen Crypto,
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