A Fakeout to govern them all!
✴️ BTC Update
During the last update, I was telling you about a possibility of higher shorts, in case of a test in the next zone, i.e. around 7300! Well it ain't happened.
The Bitcoin grew last night but not enough to even reach 7200 but that doesn't totally rule out the possibility of a fakeout before a further drop.
The daily technical situation is now positive with a buy signal given on the Wavetrends and the 4h indicators are also positive.
📈 Trend follower?
Positive in 1h and 4h while the daily horizon remains negative.
👉 What can be done?
For the moment we are clearly in a trading range, failure below 7200 at the beginning of the session. As long as this range will not be broken we will short under resistance and buy support.
Beware however, I prefer to wait for a fakeout and place myself after confirmation, it would be too dangerous to blindly short 7200 given the current context.
Be careful and watch your leverage guys!
During the last update, I was telling you about a possibility of higher shorts, in case of a test in the next zone, i.e. around 7300! Well it ain't happened.
The Bitcoin grew last night but not enough to even reach 7200 but that doesn't totally rule out the possibility of a fakeout before a further drop.
The daily technical situation is now positive with a buy signal given on the Wavetrends and the 4h indicators are also positive.
📈 Trend follower?
Positive in 1h and 4h while the daily horizon remains negative.
👉 What can be done?
For the moment we are clearly in a trading range, failure below 7200 at the beginning of the session. As long as this range will not be broken we will short under resistance and buy support.
Beware however, I prefer to wait for a fakeout and place myself after confirmation, it would be too dangerous to blindly short 7200 given the current context.
Be careful and watch your leverage guys!
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