✴️ BTC Update
New day, new Bitcoin surprise, or not!
Indeed dear community, Bitcoin is still under its resistance zone. It's a refrain that I've been repeating for several days and it bores me as much as it bores you, I assure you.
On the technical indicators, it's positive in 4 hours, as well as daily. The MACD is showing signs of bullish curvature on this last time horizon.
In addition, the BTC is evolving in an ascending triangle configuration, with its resistance coinciding with the famous red resistance zone.
📈 Trend follower?
Positive in 1 hour horizon, negative in 4 hours and daily.
👉 What can be done?
We will wait again guys, the volume of exchange is getting lower and lower, which indicates this: an impulsive movement!
Which way? This is the real million dollar question and we are not going to try to answer it, we are going to prepare for both scenarios! Even if the daily technical situation made me think of a pump, we can never be sure on the crypto market!
If the resistance breaks, we buy on pullback to target the 7900 zone. If on the other hand the triangle breaks down, we will wait until the previous lower one is lost in order to open a short position on retracement.
💹 Altcoins
The majority of the market is recording solid gains, with DATA winning over 100% and STEEM winning over 60% since the beginning of the session.
These alts have benefited from a BTC that range, if you were in a trade on one of them, think about taking some of your profits.
Stay safe dear community! 😉
New day, new Bitcoin surprise, or not!
Indeed dear community, Bitcoin is still under its resistance zone. It's a refrain that I've been repeating for several days and it bores me as much as it bores you, I assure you.
On the technical indicators, it's positive in 4 hours, as well as daily. The MACD is showing signs of bullish curvature on this last time horizon.
In addition, the BTC is evolving in an ascending triangle configuration, with its resistance coinciding with the famous red resistance zone.
📈 Trend follower?
Positive in 1 hour horizon, negative in 4 hours and daily.
👉 What can be done?
We will wait again guys, the volume of exchange is getting lower and lower, which indicates this: an impulsive movement!
Which way? This is the real million dollar question and we are not going to try to answer it, we are going to prepare for both scenarios! Even if the daily technical situation made me think of a pump, we can never be sure on the crypto market!
If the resistance breaks, we buy on pullback to target the 7900 zone. If on the other hand the triangle breaks down, we will wait until the previous lower one is lost in order to open a short position on retracement.
💹 Altcoins
The majority of the market is recording solid gains, with DATA winning over 100% and STEEM winning over 60% since the beginning of the session.
These alts have benefited from a BTC that range, if you were in a trade on one of them, think about taking some of your profits.
Stay safe dear community! 😉
