Forwarded from Altsignals Academy (先生 🔮⛩)
#XBTUSD Technical Update
Good afternoon to all members of
This update brings with it a small #long in bitcoin from the $ 8060 level, with $ 8300 as the first target and $ 7900 as our invalidation level.
We must understand that at the long term level we are still within a big trend channel, for now, trying to break it by the bullish level.
Suggesting the bullish scenario (the most likely to happen, if you meet the conditions outlined above) we will be swimming for a few days in the middle of a large resistance channel between $ 8500 and $ 8900, which, if sustained, will send us as rocket at $ 9100, with a small correction, to move on to the $10000's kingdom.
Remember, we play in any direction. Don't trust the market too much, pay attention, be careful and ruthless.
Happy Trading
Good afternoon to all members of
The Altsignals Academy.
As I told you yesterday, today I would summarize the activities, returning to our daily and weekly technical updates in their original format.This update brings with it a small #long in bitcoin from the $ 8060 level, with $ 8300 as the first target and $ 7900 as our invalidation level.
We must understand that at the long term level we are still within a big trend channel, for now, trying to break it by the bullish level.
So what do we have for now?In this chart, we leave within a circle the area that bitcoin is going to, $ 834x level, there, we could have a strong rejection that would lead us back to the $ 7700 levels. My recommendation is to monitor the order book and the volume indicators quite carefully, since with enough force, we could easily go to $ 8500 - $ 8900. A weak test of $ 8300 will only give us a big bearish entry for a short term.
Suggesting the bullish scenario (the most likely to happen, if you meet the conditions outlined above) we will be swimming for a few days in the middle of a large resistance channel between $ 8500 and $ 8900, which, if sustained, will send us as rocket at $ 9100, with a small correction, to move on to the $10000's kingdom.
Remember, we play in any direction. Don't trust the market too much, pay attention, be careful and ruthless.
Happy Trading
Sensei
Full ChartForwarded from Altsignals Academy (先生 🔮⛩)
#XBTUSD Technical Update
Good afternoon to all members of
This update brings with it a small #long in bitcoin from the $ 8060 level, with $ 8300 as the first target and $ 7900 as our invalidation level.
We must understand that at the long term level we are still within a big trend channel, for now, trying to break it by the bullish level.
Suggesting the bullish scenario (the most likely to happen, if you meet the conditions outlined above) we will be swimming for a few days in the middle of a large resistance channel between $ 8500 and $ 8900, which, if sustained, will send us as rocket at $ 9100, with a small correction, to move on to the $10000's kingdom.
Remember, we play in any direction. Don't trust the market too much, pay attention, be careful and ruthless.
Happy Trading
Good afternoon to all members of
The Altsignals Academy.
As I told you yesterday, today I would summarize the activities, returning to our daily and weekly technical updates in their original format.This update brings with it a small #long in bitcoin from the $ 8060 level, with $ 8300 as the first target and $ 7900 as our invalidation level.
We must understand that at the long term level we are still within a big trend channel, for now, trying to break it by the bullish level.
So what do we have for now?In this chart, we leave within a circle the area that bitcoin is going to, $ 834x level, there, we could have a strong rejection that would lead us back to the $ 7700 levels. My recommendation is to monitor the order book and the volume indicators quite carefully, since with enough force, we could easily go to $ 8500 - $ 8900. A weak test of $ 8300 will only give us a big bearish entry for a short term.
Suggesting the bullish scenario (the most likely to happen, if you meet the conditions outlined above) we will be swimming for a few days in the middle of a large resistance channel between $ 8500 and $ 8900, which, if sustained, will send us as rocket at $ 9100, with a small correction, to move on to the $10000's kingdom.
Remember, we play in any direction. Don't trust the market too much, pay attention, be careful and ruthless.
Happy Trading
Sensei
Full Chart