saerinox

BTC DAILY EMA CORRECTIONS + SUPPORT ZONE ANALYSIS

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
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.
Comment: The weekly candle closing above 60k will be an important event this evening for bullish continuation!
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