BTC Update
I told you about it in a previous update, after an increase of this magnitude, there was a strong chance of a lateral phase or even a correction.
This is exactly what we are seeing now, the BTC has been trading just above its weekly open since yesterday.
Indicators?
The daily technical situation remains positive but on a 4 hour horizon, the indicators are showing serious signs of running out of steam with a CCI that has already given a sell signal. The 1 hour technical situation is rather neutral with a buy signal on the WaveTrends but a MACD and a negative CCI.
What can be done?
The buying zones I have given you are still valid, we are either waiting for a break in the 7221 - 7275 zone to position ourselves on pullback or a return to the 6800 zone to re-evaluate the situation.
In the meantime, be careful guys!
An excellent Friday to all of you!
I told you about it in a previous update, after an increase of this magnitude, there was a strong chance of a lateral phase or even a correction.
This is exactly what we are seeing now, the BTC has been trading just above its weekly open since yesterday.
Indicators?
The daily technical situation remains positive but on a 4 hour horizon, the indicators are showing serious signs of running out of steam with a CCI that has already given a sell signal. The 1 hour technical situation is rather neutral with a buy signal on the WaveTrends but a MACD and a negative CCI.
What can be done?
The buying zones I have given you are still valid, we are either waiting for a break in the 7221 - 7275 zone to position ourselves on pullback or a return to the 6800 zone to re-evaluate the situation.
In the meantime, be careful guys!
An excellent Friday to all of you!
