Let's long the retrace guys!
✴️ BTC Update #BTC_Update
It's a new week and a new month starting guys, I hope you all had a great weekend! What's new since then? Bitcoin has been relatively quiet compared to Wednesday's pump.
The daily technical situation is now negative with a buy signal given on the WaveTrend. On the 4h horizon, the technical indicators are also negative.
📈 Trend follower?
Positive in 4h and daily and negative on the horizon 1h.
👉 What can we do?
Bitcoin failed to register a higher high over the weekend and we can therefore expect a decline. Is this negative, not at all, this will give us the possibility to open a long position on a retest of the 7800 zone.
In the meantime, be careful!
Enjoy our analysis!
Your 4C-Trading Team 💚
It's a new week and a new month starting guys, I hope you all had a great weekend! What's new since then? Bitcoin has been relatively quiet compared to Wednesday's pump.
The daily technical situation is now negative with a buy signal given on the WaveTrend. On the 4h horizon, the technical indicators are also negative.
📈 Trend follower?
Positive in 4h and daily and negative on the horizon 1h.
👉 What can we do?
Bitcoin failed to register a higher high over the weekend and we can therefore expect a decline. Is this negative, not at all, this will give us the possibility to open a long position on a retest of the 7800 zone.
In the meantime, be careful!
Enjoy our analysis!
Your 4C-Trading Team 💚
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