BTC Update
We finally got our higher high, guys! Bitcoin has fenced above its resistance zone with a very nice bullish candle, almost a marabozu.
I was telling you about it during the whole previous session, the technical situation was showing serious signs of weakness in 4 hours and shorter, but the BTC ignored all that.
If we look at the technical indicators today, the 4-hour horizon is increasingly overbought and the likelihood of a correction after this impulsive movement becomes greater and greater.
What can we do about it?
If you weren't in at the start of this increase, it's a little too late guys and we're going to wait for a correction, which should give us higher low, to position ourselves for buying.
Stay safe in the meantime and reduce your "normal" position size if you want to trade against the trend.
We finally got our higher high, guys! Bitcoin has fenced above its resistance zone with a very nice bullish candle, almost a marabozu.
I was telling you about it during the whole previous session, the technical situation was showing serious signs of weakness in 4 hours and shorter, but the BTC ignored all that.
If we look at the technical indicators today, the 4-hour horizon is increasingly overbought and the likelihood of a correction after this impulsive movement becomes greater and greater.
What can we do about it?
If you weren't in at the start of this increase, it's a little too late guys and we're going to wait for a correction, which should give us higher low, to position ourselves for buying.
Stay safe in the meantime and reduce your "normal" position size if you want to trade against the trend.
