BTC Update
During the last update last night, I was telling you about the bullish divergence on the horizon of 1h and the danger of shorting the 8200 zone due to the 4h situation.
Bitcoin has indeed ignored this zone and climbed to a high point around 8600. The technical indicators on a daily horizon are still positive and show no more signs of bending while the 4h situation is positive again.
On a 1h horizon, however, there is a risk of a short-term retracement, which would not be abnormal after a pump of this size.
What can be done?
The first zone of interest for going long will be the zone between 8200 and 8300 but we will remain attentive to the price reaction on the latter, as the 4h MACD is very close to validating a bearish divergence.
As usual, we don't overexpose ourselves guys!
During the last update last night, I was telling you about the bullish divergence on the horizon of 1h and the danger of shorting the 8200 zone due to the 4h situation.
Bitcoin has indeed ignored this zone and climbed to a high point around 8600. The technical indicators on a daily horizon are still positive and show no more signs of bending while the 4h situation is positive again.
On a 1h horizon, however, there is a risk of a short-term retracement, which would not be abnormal after a pump of this size.
What can be done?
The first zone of interest for going long will be the zone between 8200 and 8300 but we will remain attentive to the price reaction on the latter, as the 4h MACD is very close to validating a bearish divergence.
As usual, we don't overexpose ourselves guys!