BITCOIN $59000 MACRO Update: Wave4 Correction
BITCOIN $59000 MACRO Update: Wave4 Correction
1-Resistances:
A) W21ema (~$61,000) is providing an immediate resistance.
A break above 67K (If the the W21e is taken out), could resume the bullish momentum for
the wave5 of the macro trend.
2-Supports
A-Support zone to watch going into Q4:
53-50K (W50ema-M21ema support on average).
The M21e is at 47k, however bulls could front run it.
3-M21ema Must Hold
3) Bulls must find support at the M21ema in order to avoid price closing below it, which could
trigger more panic selling
1-Resistances:
A) W21ema (~$61,000) is providing an immediate resistance.
A break above 67K (If the the W21e is taken out), could resume the bullish momentum for
the wave5 of the macro trend.
2-Supports
A-Support zone to watch going into Q4:
53-50K (W50ema-M21ema support on average).
The M21e is at 47k, however bulls could front run it.
3-M21ema Must Hold
3) Bulls must find support at the M21ema in order to avoid price closing below it, which could
trigger more panic selling
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