BTCUSDT 1h time frame update 11/09/2021
BTCUSDT
Short term resistance 1h 100ema
The overall trend is still down as there is no apparent bullish reversal pattern yet
The 1h macd is pointing up, but it is only because of the sideways correction
Look out for the negative momentum on the 1H macd if/when price retests the 1H 100ema
Bears need to ensure to take some profits and adjust Sl at entry/breakeven
For Spot sell, may consider to start buying back at sprts
Will Discuss the higher time frame in the W video update
Short term resistance 1h 100ema
The overall trend is still down as there is no apparent bullish reversal pattern yet
The 1h macd is pointing up, but it is only because of the sideways correction
Look out for the negative momentum on the 1H macd if/when price retests the 1H 100ema
Bears need to ensure to take some profits and adjust Sl at entry/breakeven
For Spot sell, may consider to start buying back at sprts
Will Discuss the higher time frame in the W video update
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