✴️ BTC Update
Hello, everybody! Already on Friday, guys, it seems that time flies when you're in lockdown!
What's new on the market? Looking at the situation, Bitcoin today, we can see that the supposed drop to 6300 hasn't happened. That doesn't mean that it hasn't happened, and you know what to do if it does.
The daily technical situation remains positive for the time being and the BTC is moving in a short term upward triangle configuration.
📈 Trend follower?
Positive on a 1h and 4h horizon and negative on a daily basis.
👉 What can be done?
For the moment, we are still under this resistance zone but given the current configuration, it could break. We are not going to position ourselves directly at the break of the triangle but rather wait for the BTC to approach 7181 (ema 200 4h) and enter towards the 7000 level on pullback.
💹 Altcoins
The alts market is more or less in equilibrium today with, however, a little more up than down. MTL and APPC stand out with more than 25% and 15% gains respectively since the beginning of the session.
Stay cautious dear community, in your trading of course, but not only! Take care of yourself!😉
Enjoy our analysis!
Your 4C-Trading Team 💚
Hello, everybody! Already on Friday, guys, it seems that time flies when you're in lockdown!
What's new on the market? Looking at the situation, Bitcoin today, we can see that the supposed drop to 6300 hasn't happened. That doesn't mean that it hasn't happened, and you know what to do if it does.
The daily technical situation remains positive for the time being and the BTC is moving in a short term upward triangle configuration.
📈 Trend follower?
Positive on a 1h and 4h horizon and negative on a daily basis.
👉 What can be done?
For the moment, we are still under this resistance zone but given the current configuration, it could break. We are not going to position ourselves directly at the break of the triangle but rather wait for the BTC to approach 7181 (ema 200 4h) and enter towards the 7000 level on pullback.
💹 Altcoins
The alts market is more or less in equilibrium today with, however, a little more up than down. MTL and APPC stand out with more than 25% and 15% gains respectively since the beginning of the session.
Stay cautious dear community, in your trading of course, but not only! Take care of yourself!😉
Enjoy our analysis!
Your 4C-Trading Team 💚
