✴️ BTC Update
What's new since yesterday, guys? Let's take a look at BTC!
Last time we analyzed Bitcoin, it was around $6,350. It's now at 6436 after hitting a high of 6650. The daily technical situation that went negative again yesterday gave a buy signal on the WaveTrend again.
The 4h technical situation remains positive for the moment and we can see signs of bullish curvature on the 1h timeframe indicators.
📈 Trend follower?
Negative in the daily horizon and positive in 1h and 4h.
👉 What can I do?
We notice that the BTC is approaching the upper bound of its Kumo, if the latter is broken it will still remain the same resistance zone of the 6900. As long as this zone is not broken, we will not consider opening a long position.
If the BTC fails to break through this zone once again, a short position can be opened. This is because the technical indicators on the daily horizon are starting to approach their overbought zone and another failure under resistance could trigger a longer-term downtrend phase.
💹 Altcoins
No real trend on the whole market with a balance maintained between the alts that are rising and the alts that are falling in value.
Stay safe guys!
Enjoy our analysis!
Your 4C-Trading Team 💚
What's new since yesterday, guys? Let's take a look at BTC!
Last time we analyzed Bitcoin, it was around $6,350. It's now at 6436 after hitting a high of 6650. The daily technical situation that went negative again yesterday gave a buy signal on the WaveTrend again.
The 4h technical situation remains positive for the moment and we can see signs of bullish curvature on the 1h timeframe indicators.
📈 Trend follower?
Negative in the daily horizon and positive in 1h and 4h.
👉 What can I do?
We notice that the BTC is approaching the upper bound of its Kumo, if the latter is broken it will still remain the same resistance zone of the 6900. As long as this zone is not broken, we will not consider opening a long position.
If the BTC fails to break through this zone once again, a short position can be opened. This is because the technical indicators on the daily horizon are starting to approach their overbought zone and another failure under resistance could trigger a longer-term downtrend phase.
💹 Altcoins
No real trend on the whole market with a balance maintained between the alts that are rising and the alts that are falling in value.
Stay safe guys!
Enjoy our analysis!
Your 4C-Trading Team 💚
