✴️ BTC Update #BTC_Update
Guys, I know it's a little boring of hearing or reading the exact same thing or almost the exact same thing. But the fact is, Bitcoin is still evolving under its damn resistance zone with now a sell signal on the WaveTrend on a 4h timeframe.
The daily technical situation is still positive even if the MACD hasn't crossed yet.
📈 Trend follower?
Negative on 1h, 4h and daily.
👉 What can be done?
We are going to wait until this resistance zone is broken before initiating a buy position. If Bitcoin is rejected below its intermediate resistance at 5430, we will then try to find a short point in the lower time horizons.
💹 Altcoins
The majority of Altcoins have been in the red since the opening of the session, with losses of 9% for MFT and 14% for NCASH.
Stay safe as usual guys!
Guys, I know it's a little boring of hearing or reading the exact same thing or almost the exact same thing. But the fact is, Bitcoin is still evolving under its damn resistance zone with now a sell signal on the WaveTrend on a 4h timeframe.
The daily technical situation is still positive even if the MACD hasn't crossed yet.
📈 Trend follower?
Negative on 1h, 4h and daily.
👉 What can be done?
We are going to wait until this resistance zone is broken before initiating a buy position. If Bitcoin is rejected below its intermediate resistance at 5430, we will then try to find a short point in the lower time horizons.
💹 Altcoins
The majority of Altcoins have been in the red since the opening of the session, with losses of 9% for MFT and 14% for NCASH.
Stay safe as usual guys!
