BTCUSDT 41900 6h time frame update March03 2022
BTCUSDT is still correcting above 40k
On the 6H basis, the 6H 21ema is providing a temporary support.
If it pushes back up to 44-45, it will create a double top for the bears.
41760 is at 0.382fib
40975-400 is 0.5-0.618fib
These two areas will represent the low end support for the bulls as of now.
The 52k resistance will be in play if BTCUSDT breaks out above 46k.
51.7avg is a bear territory if price gets there.
BTCUSDT is still correcting above 40k
On the 6H basis, the 6H 21ema is providing a temporary support.
If it pushes back up to 44-45, it will create a double top for the bears.
41760 is at 0.382fib
40975-400 is 0.5-0.618fib
These two areas will represent the low end support for the bulls as of now.
The 52k resistance will be in play if BTCUSDT breaks out above 46k.
51.7avg is a bear territory if price gets there.
