BTCUSDT 6H time frame update FEB 10 2022
BTCUSDT on the 6H is still consolidating with a possible flat correction in the making.
The flat correction could also be a top formation, but there are not strong data for that argument, only has a negative macd on the 6H.
Since prices are still above the 21ema on 6H and 3D, bulls need to stay with the dominant trend, which they are controlling. And bears need to stay on the sidelines till a proper trend shift gets printed.
BTCUSDT could move 7-10k points on either directions.
If the dominant trend continues, Resistance will be 51.7k
If bears print a reversal pattern, the 2 lower end supprts will be 33k & 30.5k
BTCUSDT on the 6H is still consolidating with a possible flat correction in the making.
The flat correction could also be a top formation, but there are not strong data for that argument, only has a negative macd on the 6H.
Since prices are still above the 21ema on 6H and 3D, bulls need to stay with the dominant trend, which they are controlling. And bears need to stay on the sidelines till a proper trend shift gets printed.
BTCUSDT could move 7-10k points on either directions.
If the dominant trend continues, Resistance will be 51.7k
If bears print a reversal pattern, the 2 lower end supprts will be 33k & 30.5k
