✴️ BTC Update #BTC_Update
What's new since the last update? Bitcoin has rebounded and is currently trading above the 9000 level.
However, the daily technical situation remains negative while on a shorter horizon, in 4 hours, the technical indicators have given a buy signal.
It is also interesting to note a fractal similarity with the consolidation period that followed the rise to 13800 last summer. Indeed, at that time prices were bouncing back on support with a high point getting lower and lower each time, all accompanied by decreasing volume. That hypothesis is aligned with our long proposal below.
📈 Trend follower?
Positive on the 3 time horizons.
👉 What to do?
Our long opportunity at 7800 still holds, but we also have a "safer" solution at 7480. The target for both is around 8400.
Stay safe!
Enjoy our analysis!
Your 4C-Trading Team 💚
What's new since the last update? Bitcoin has rebounded and is currently trading above the 9000 level.
However, the daily technical situation remains negative while on a shorter horizon, in 4 hours, the technical indicators have given a buy signal.
It is also interesting to note a fractal similarity with the consolidation period that followed the rise to 13800 last summer. Indeed, at that time prices were bouncing back on support with a high point getting lower and lower each time, all accompanied by decreasing volume. That hypothesis is aligned with our long proposal below.
📈 Trend follower?
Positive on the 3 time horizons.
👉 What to do?
Our long opportunity at 7800 still holds, but we also have a "safer" solution at 7480. The target for both is around 8400.
Stay safe!
Enjoy our analysis!
Your 4C-Trading Team 💚
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.