✴️ BTC Update
This is it, at last! After observing Bitcoin doing nothing at all under its resistance zone, the latter is now broken with a confirmation in daily closing.
The zone we are now interested in is very logically the one between 7500 and 7600.
The daily technical situation remains positive as do the indicators at the 4h horizon, even if the latter are starting to show signs of bearish curves.
📈 Trend follower?
Still negative on the daily horizon, but positive on the 1h and 4h hourly news bulletins.
👉 What can we do?
Now that we've had our break, it's time to look for an entry point to buy. There are two possibilities here:
1) The zone between 6900 and 7000, which corresponds to the old resistance zone but also to the zone between 50% and 61.8% Fib (last bullish leg).
2) The 1h zone value which also coincides with the 50% retracement of the 6130 - 7460 rise and the EMA 200.
A long position can be opened on the 1) using half the usual risk and a tight stop-loss. If the latter does not hold we will also open a long position on the second zone.
💹 Altcoins
The majority of the market is showing gains since the beginning of the session with SKY and VET winning over 10%.
Stay safe guys!
This is it, at last! After observing Bitcoin doing nothing at all under its resistance zone, the latter is now broken with a confirmation in daily closing.
The zone we are now interested in is very logically the one between 7500 and 7600.
The daily technical situation remains positive as do the indicators at the 4h horizon, even if the latter are starting to show signs of bearish curves.
📈 Trend follower?
Still negative on the daily horizon, but positive on the 1h and 4h hourly news bulletins.
👉 What can we do?
Now that we've had our break, it's time to look for an entry point to buy. There are two possibilities here:
1) The zone between 6900 and 7000, which corresponds to the old resistance zone but also to the zone between 50% and 61.8% Fib (last bullish leg).
2) The 1h zone value which also coincides with the 50% retracement of the 6130 - 7460 rise and the EMA 200.
A long position can be opened on the 1) using half the usual risk and a tight stop-loss. If the latter does not hold we will also open a long position on the second zone.
💹 Altcoins
The majority of the market is showing gains since the beginning of the session with SKY and VET winning over 10%.
Stay safe guys!
