BTCUSDT 17250 Weekly update Dec04 2022 (ADAUSDT & XLMUSDT)
BTCUSDT 17250 Weekly update Dec04 2022
BTC is continuing its sideways correction btw 15888-18200 (Suppot-Resistance)
Nothing impulsive at the moment.
Watch at the moment the 12H time frame indicators (MACD & RSI) for trend reversal.
The 12h RSI is currently showing a better trendline support, so it will require attention in the next few days for it to break the trendline support,
which could indicate the end of this sideways correction.
For the Higher Time Frame
The 3D macd is still negative, therefore the next MACRO TARGET/SUPPORT remains 12500 (M100sma
BTC is continuing its sideways correction btw 15888-18200 (Suppot-Resistance)
Nothing impulsive at the moment.
Watch at the moment the 12H time frame indicators (MACD & RSI) for trend reversal.
The 12h RSI is currently showing a better trendline support, so it will require attention in the next few days for it to break the trendline support,
which could indicate the end of this sideways correction.
For the Higher Time Frame
The 3D macd is still negative, therefore the next MACRO TARGET/SUPPORT remains 12500 (M100sma
