9625 to open a short?
🔸BTC Update
After having been flat for almost two sessions, Bitcoin suddenly plunged to the 9050 level (on Bitmex) before climbing back up to the 9350 level before climbing to a high point at 9579.
BTC is now trading around 9380 with the technical situation still positive but showing serious signs of bearish curvature. On a 4h and 1h horizon, indicators are bearish even if we can see signs of a bullish cross coming in 1h.
🔹Trend follower?
Still positive on a daily basis, 4h and 1h.
🔹What to do?
A rebound to 9625 is not to be excluded, which will be a good opportunity for shorts!
Stay consistent in your position sizing guys!
After having been flat for almost two sessions, Bitcoin suddenly plunged to the 9050 level (on Bitmex) before climbing back up to the 9350 level before climbing to a high point at 9579.
BTC is now trading around 9380 with the technical situation still positive but showing serious signs of bearish curvature. On a 4h and 1h horizon, indicators are bearish even if we can see signs of a bullish cross coming in 1h.
🔹Trend follower?
Still positive on a daily basis, 4h and 1h.
🔹What to do?
A rebound to 9625 is not to be excluded, which will be a good opportunity for shorts!
Stay consistent in your position sizing guys!
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