BTC 40500 Weekly Updare April25-May01 #17
Higher time frame: BTCUSDT ~40500, bounced off of the M21 at 38200 for the fourth straight month (Jan-April)
The M21e could continue to provide support until market volatility increases with big volume.
On the lower degree, 38.2K coincides with 0.618fib
Price is below the 3d 21 and macd remains negative. This make the trend to still be down
Market is repeating so far the same price moving as last week. Bounced off of support after the W opens
The D21e and D100e are 41050 and 42600 respectively if price pushes that high
The next downside fib temporary support (0.786-0.888) is at $35705-34350
The are not enough evidences/signs of a reversal yet. The current price, ~40500, is exactly at midpoint(~7500points) of the accumulation range 32800-48200
The M21e could continue to provide support until market volatility increases with big volume.
On the lower degree, 38.2K coincides with 0.618fib
Price is below the 3d 21 and macd remains negative. This make the trend to still be down
Market is repeating so far the same price moving as last week. Bounced off of support after the W opens
The D21e and D100e are 41050 and 42600 respectively if price pushes that high
The next downside fib temporary support (0.786-0.888) is at $35705-34350
The are not enough evidences/signs of a reversal yet. The current price, ~40500, is exactly at midpoint(~7500points) of the accumulation range 32800-48200
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