BTCUSDT 40680 Weekly update April 18-28 #16
For the macro view:
Btcusdt is consolidating at 40K. It's been 4 months already btc is getting support above the M21 (Currently at ~38200)
The 3D macd is not completely negative yet, would need the current 3Dcandle to close below 40k to ensure it flips negative
The volume has not spiked to the upside yet. Something to keep an eye on in the next few months
The Next Macro sprts are still the Q21ema and M50ema, 24k avg
First stop at 30k sprt
This does not mean one should be completely out of the market and be on the sidelines waiting for those lower numbers. At least have 25-35% exposure to the market
Always have to hold a bag of Btc in case market proves u wrong, then increase exposure by DCAing as it retests those macro supports
For the macro view:
Btcusdt is consolidating at 40K. It's been 4 months already btc is getting support above the M21 (Currently at ~38200)
The 3D macd is not completely negative yet, would need the current 3Dcandle to close below 40k to ensure it flips negative
The volume has not spiked to the upside yet. Something to keep an eye on in the next few months
The Next Macro sprts are still the Q21ema and M50ema, 24k avg
First stop at 30k sprt
This does not mean one should be completely out of the market and be on the sidelines waiting for those lower numbers. At least have 25-35% exposure to the market
Always have to hold a bag of Btc in case market proves u wrong, then increase exposure by DCAing as it retests those macro supports
