13800 Consolidation fractal!
✴️ 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 💚
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