✴️ BTC Update #BTC_Update
Hello dear community, let's take a look at the recent development of Bitcoin since the last update, shall we?
BTC hit 8700 tails yesterday and has since rebounded to currently trade at 8850.
The daily technical situation is still negative while on the 4h horizon the wavetrend has crossed upwards.
📈 Trend follower?
Negative on the 1h and 4h horizon but positive on the daily horizon.
👉 What can be done?
There are two possibilities here my friends! Either the BTC succeeds in going up in the upper part of its daily range, in this case the possibility of shorting at 9200 will remain.
Or, the Bitcoin does not manage to do so, and breaks the range from the bottom, thus printing a new lower low. In this hypothesis, we will then look for a new possibility of shorting around 8750, this zone being the most liquid of the short period of flat consolidation.
In the meantime, we are waiting, our scenarios are ready, we will let the market decide, stay cautious! 😉
Hello dear community, let's take a look at the recent development of Bitcoin since the last update, shall we?
BTC hit 8700 tails yesterday and has since rebounded to currently trade at 8850.
The daily technical situation is still negative while on the 4h horizon the wavetrend has crossed upwards.
📈 Trend follower?
Negative on the 1h and 4h horizon but positive on the daily horizon.
👉 What can be done?
There are two possibilities here my friends! Either the BTC succeeds in going up in the upper part of its daily range, in this case the possibility of shorting at 9200 will remain.
Or, the Bitcoin does not manage to do so, and breaks the range from the bottom, thus printing a new lower low. In this hypothesis, we will then look for a new possibility of shorting around 8750, this zone being the most liquid of the short period of flat consolidation.
In the meantime, we are waiting, our scenarios are ready, we will let the market decide, stay cautious! 😉