8300 then WO guys!
🔸BTC update
Bitcoin after dropping below the 8600 level yesterday has risen below its weekly opening level without touching it. If you opened a short position as you approached this zone, it is now time to take some of your profits.
The daily technical situation, 4h and 1h remains negative but we can still see signs of reversal on the 1h CCI.
🔹Trend follower?
The trend follower remains positive in the daily and 4h but is still negative on a 1h horizon.
🔹What to do?
The 8450 level is still holding for the moment, if the 1h candle closes as it is, we will then see a swing failure pattern.
Otherwise, buy around 8300 to aim for a return to the weekly open guys!
Bitcoin after dropping below the 8600 level yesterday has risen below its weekly opening level without touching it. If you opened a short position as you approached this zone, it is now time to take some of your profits.
The daily technical situation, 4h and 1h remains negative but we can still see signs of reversal on the 1h CCI.
🔹Trend follower?
The trend follower remains positive in the daily and 4h but is still negative on a 1h horizon.
🔹What to do?
The 8450 level is still holding for the moment, if the 1h candle closes as it is, we will then see a swing failure pattern.
Otherwise, buy around 8300 to aim for a return to the weekly open guys!
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