BTC DAILY EMA CORRECTIONS + SUPPORT ZONE ANALYSIS
Macro support zones come from the WEEKLY chart
Three outlooks for the BTC daily chart!
Green Outlook 1) Bullish continuation of trend with a future pullback into the upper macro support zone.
Red Outlook 2) A healthy bearish daily correction to the 25 & possibly wicking-off 50 EMA if volatile.
This appears to be the logical observation, so I have labelled this as a short-term shorting analysis.
Dark Red Outlook 3) Very bearish correction continues to the micro liquidity zone (41 - 44.5k estimated)
ALL CONTENT IS EDUCATIONAL. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Three outlooks for the BTC daily chart!
Green Outlook 1) Bullish continuation of trend with a future pullback into the upper macro support zone.
Red Outlook 2) A healthy bearish daily correction to the 25 & possibly wicking-off 50 EMA if volatile.
This appears to be the logical observation, so I have labelled this as a short-term shorting analysis.
Dark Red Outlook 3) Very bearish correction continues to the micro liquidity zone (41 - 44.5k estimated)
ALL CONTENT IS EDUCATIONAL. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Comment:
The weekly candle closing above 60k will be an important event this evening for bullish continuation!