BTCUSDT $29900 Quick Update Saturday July 22 2023
BTCUSDT $29900 Quick Update Saturday July 22 2023
Btcusdt has been consolidating for the last 30days btw 29500-31800 range.
Indicators are starting to cool down specially with the D divergence on the macd.
Now have to pay attention to fibs supports at 50% pullback at 28400-28100 as it made a recent high at 31800, which changes slight the fibs support.
If it retests first the 31800 resistance fbefore continuing down to 50%fib, then will use the 0.618fib as primary support.
Will continue to monitor this range as it goes.
Btcusdt has been consolidating for the last 30days btw 29500-31800 range.
Indicators are starting to cool down specially with the D divergence on the macd.
Now have to pay attention to fibs supports at 50% pullback at 28400-28100 as it made a recent high at 31800, which changes slight the fibs support.
If it retests first the 31800 resistance fbefore continuing down to 50%fib, then will use the 0.618fib as primary support.
Will continue to monitor this range as it goes.
