BTC Update by 4C-Trading
❇️ BTC Update #BTC_Update
Bitcoin closed the previous session at 10400 on Bitmex, ignoring the previous closure in the form of bearish engulfing.
The daily technical situation remains overbought but positive while on a 4 hour horizon, the indicators show signs of bearish curves.
📈 Trend follower?
Positive in 1h, 4h and daily
👉 What can I do?
As long as the BTC does not break its previous high point, it is still dangerous to open a long position. Given the recent evolution of Bitcoin, it is also too dangerous to open a short position now, as the bullish power, whether organic or not, is present.
Be careful though, I'm not telling you to give up opening a position if your personal strategy tells you otherwise. I simply invite you to respect a strict money management and not to chase the "get rich quick" trade.
💹 Altcoins
The majority of the altcoins have recorded gains during the last 24 hours, such as GAS which won 24% and NCASH which jumped by 12.5%.
The feeling is more and more bullish on the alts market, if the BTC starts to stabilize or even correct, we can expect a significant rise in the market of altcoins.
Bitcoin closed the previous session at 10400 on Bitmex, ignoring the previous closure in the form of bearish engulfing.
The daily technical situation remains overbought but positive while on a 4 hour horizon, the indicators show signs of bearish curves.
📈 Trend follower?
Positive in 1h, 4h and daily
👉 What can I do?
As long as the BTC does not break its previous high point, it is still dangerous to open a long position. Given the recent evolution of Bitcoin, it is also too dangerous to open a short position now, as the bullish power, whether organic or not, is present.
Be careful though, I'm not telling you to give up opening a position if your personal strategy tells you otherwise. I simply invite you to respect a strict money management and not to chase the "get rich quick" trade.
💹 Altcoins
The majority of the altcoins have recorded gains during the last 24 hours, such as GAS which won 24% and NCASH which jumped by 12.5%.
The feeling is more and more bullish on the alts market, if the BTC starts to stabilize or even correct, we can expect a significant rise in the market of altcoins.
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