BTC Quick Update
What's been going on since this morning?
Bitcoin has been increasing since the last update and is currently testing its weekly opening level. The technical indicators in 4h and 1h are rather favourable to an increase with a purchase signal given on the WaveTrends in both time horizons.
As you know, the convergence on several timeframes increases the probability of a successful trade.
What to do about it?
We talked about a CME gap in the last update, if the weekly open is broken up, it could be filled. Be careful though, because this gap is in the area of resistance that we talked about a lot last weekend.
We recommend waiting for a break in zone 7225 - 7275 before opening a long position. If unsuccessful against this area, the $6,800 would become more and more likely.
Take care of yourself!
What's been going on since this morning?
Bitcoin has been increasing since the last update and is currently testing its weekly opening level. The technical indicators in 4h and 1h are rather favourable to an increase with a purchase signal given on the WaveTrends in both time horizons.
As you know, the convergence on several timeframes increases the probability of a successful trade.
What to do about it?
We talked about a CME gap in the last update, if the weekly open is broken up, it could be filled. Be careful though, because this gap is in the area of resistance that we talked about a lot last weekend.
We recommend waiting for a break in zone 7225 - 7275 before opening a long position. If unsuccessful against this area, the $6,800 would become more and more likely.
Take care of yourself!
Trade closed: target reached:
6800 reached guys, now we wait
