BTC Update
In the last update, I was talking about the 6950 level and its importance for a possible bullish continuation. This last level didn't hold and the BTC is currently trading at 6880 after having reached a low point at 6750.
The technical situation is negative on the daily and 4h horizon even if we can see signs of bullish curves on the 4h indicators.
📈Trend follower?
Negative in 1h and daily and positive on the 4h time horizon.
👉 What to do?
The 6950 level didn't hold, so we didn't get our higher low. Moreover, even if the 1h technical indicators show a possibility of rising, the technical situation in the longer term is also negative.
A short term rise is therefore possible, which will allow us to open a short position as we approach the 6950 level.
Stay safe guys! 😉
In the last update, I was talking about the 6950 level and its importance for a possible bullish continuation. This last level didn't hold and the BTC is currently trading at 6880 after having reached a low point at 6750.
The technical situation is negative on the daily and 4h horizon even if we can see signs of bullish curves on the 4h indicators.
📈Trend follower?
Negative in 1h and daily and positive on the 4h time horizon.
👉 What to do?
The 6950 level didn't hold, so we didn't get our higher low. Moreover, even if the 1h technical indicators show a possibility of rising, the technical situation in the longer term is also negative.
A short term rise is therefore possible, which will allow us to open a short position as we approach the 6950 level.
Stay safe guys! 😉