Yesterday I was telling you about this famous resistance zone 7220 - 7275 and the importance of its possible breakage.
What's been going on since then?
Not much, my dear friends, the Bitcoin made a breakthrough inside this area, until 7250 and finally fenced under it. We are therefore closer for the moment to the "return to 6800" scenario than an upward turnaround.
Indicators?
Nothing good, guys! The 4h technical situation, when it was barely improving, is already starting to turn around while the 1h indicators are giving sales signals.
What do we do now?
If the 4h candlestick closes as is, the risk-lover among you could open a short position to aim at 7078, 7000 and 6800.
A long position is not on the agenda until BTC is able to regain its resistance zone.
Take care!
What's been going on since then?
Not much, my dear friends, the Bitcoin made a breakthrough inside this area, until 7250 and finally fenced under it. We are therefore closer for the moment to the "return to 6800" scenario than an upward turnaround.
Indicators?
Nothing good, guys! The 4h technical situation, when it was barely improving, is already starting to turn around while the 1h indicators are giving sales signals.
What do we do now?
If the 4h candlestick closes as is, the risk-lover among you could open a short position to aim at 7078, 7000 and 6800.
A long position is not on the agenda until BTC is able to regain its resistance zone.
Take care!
Trade closed: target reached:
Target reached guys! let's wait for a stabilisation before another trade idea
