BTCUSDT 35600 Weekly update Jan 23-31 2021 #4
If net volume increases and price dips lower, the 50ema on the 21D is on avg 30200k, thats why I referred to 30500 as the next avg sprt
The next sprt below that will be the M50ema, currently at 23600
However, since we could assume the structure could be a running flat, it is feasible for bulls to use 30k as sprt based on the wave analysis. (see video explanation in my-private-live-stream )
Now the 21D 21ema (40500-41500) will represent the resistance zone on the way up. And even on the lower degree, u could see bulls were referring 41-42k as temporary sprt (or on avg 40975).
Therefore, will use the same 40975 as a reference point in the next few days/weeks and 30500 as next sprt.
If net volume increases and price dips lower, the 50ema on the 21D is on avg 30200k, thats why I referred to 30500 as the next avg sprt
The next sprt below that will be the M50ema, currently at 23600
However, since we could assume the structure could be a running flat, it is feasible for bulls to use 30k as sprt based on the wave analysis. (see video explanation in my-private-live-stream )
Now the 21D 21ema (40500-41500) will represent the resistance zone on the way up. And even on the lower degree, u could see bulls were referring 41-42k as temporary sprt (or on avg 40975).
Therefore, will use the same 40975 as a reference point in the next few days/weeks and 30500 as next sprt.
