8700 must be overcome before eyeing the 9k guys!
🔸BTC Update
Let's start the week off with a little analysis, shall we?
Last week, I was telling you about the opportunity to buy the 8200-8300 zone in order to aim for a return to the weekly open. It's now done, guys!
The daily technical situation remains negative for the moment but we can nevertheless observe signs of bullish curvature on the WaveTrends. On a shorter horizon, in 4 hours and 1 hour the technical indicators are rather bearish.
🔹Trend follower?
Still positive on the daily horizon, it is now also positive on the 1h and 4h horizons.
🔹What to do?
It is now too late to open a long position, so we will wait for the break of the previous weekly open and enter pullback.
Stay safe in your trading guys!
Let's start the week off with a little analysis, shall we?
Last week, I was telling you about the opportunity to buy the 8200-8300 zone in order to aim for a return to the weekly open. It's now done, guys!
The daily technical situation remains negative for the moment but we can nevertheless observe signs of bullish curvature on the WaveTrends. On a shorter horizon, in 4 hours and 1 hour the technical indicators are rather bearish.
🔹Trend follower?
Still positive on the daily horizon, it is now also positive on the 1h and 4h horizons.
🔹What to do?
It is now too late to open a long position, so we will wait for the break of the previous weekly open and enter pullback.
Stay safe in your trading guys!
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