✴️ BTC Update
Bitcoin ended the previous upward session with a candle without a large wick, just above its 9070 resistance zone. Since the start of the session, the BTC has been up slightly and is now around 9100.
The daily technical situation remains positive even though the MACD has still not crossed higher, its histogram is positive. Over a 4-hour horizon, the indicators are bullish but in their overbought zone.
📈 Trend follower?
This remains unchanged since yesterday, the trend follower remains negative in 4 hours and positive on the 1 hour and daily horizon.
👉 What to do?
The BTC has reached 9170 before falling back to the 9000 zone. If you opened a position during this retest, it is now interesting to take part of its profits or at least to put its stop-loss at breakeven. We will now wait to see if the 9172 can be broken upwards. If you were not yet in a position, a long position could in this case be opened to target the 9360.
💹 Altcoins
The majority of the altcoins are in the green over the last 24 hours with a dominance which continues however to stagnate.
As usual, stay safe in your trading bois!
Enjoy our analysis!
Your 4C-Trading Team 💚
Bitcoin ended the previous upward session with a candle without a large wick, just above its 9070 resistance zone. Since the start of the session, the BTC has been up slightly and is now around 9100.
The daily technical situation remains positive even though the MACD has still not crossed higher, its histogram is positive. Over a 4-hour horizon, the indicators are bullish but in their overbought zone.
📈 Trend follower?
This remains unchanged since yesterday, the trend follower remains negative in 4 hours and positive on the 1 hour and daily horizon.
👉 What to do?
The BTC has reached 9170 before falling back to the 9000 zone. If you opened a position during this retest, it is now interesting to take part of its profits or at least to put its stop-loss at breakeven. We will now wait to see if the 9172 can be broken upwards. If you were not yet in a position, a long position could in this case be opened to target the 9360.
💹 Altcoins
The majority of the altcoins are in the green over the last 24 hours with a dominance which continues however to stagnate.
As usual, stay safe in your trading bois!
Enjoy our analysis!
Your 4C-Trading Team 💚