BTC Update 2nd of march
✴️ BTC Update #BTC_Update
Bitcoin closed the previous session in the form of a doji, the figure of indecision par excellence. The daily technical situation is still negative but we can see signs of reversal on MACD and WaveTrends.
Over a 4-hour horizon, the technical situation is positive and we can observe a bullish divergence between the MACD and prices. Over an even shorter time horizon, within 1 hour, the indicators are also bullish.
📈 Trend follower?
Positive in daily and it remains negative in 1h and 4h.
👉 What to do?
The BTC is at a crossroads now and everything will depend on its evolution in the next hours/ days. If Bitcoin manages to regain the 9000 zone, then a bullish recovery will be possible and we will enter pullback. If on the other hand the BTC fails below 9000 and even breaks through the 8300, then a bearish continuation will be very likely.
💹 Altcoins
When Bitcoin consolidates, as we have seen in the last few days, the Altcoins generally do quite well.
Indeed, the majority of altcoins show gains over the last 24 hours like AION with more than 14% or BLZ with a comfortable 8%.
On the loss side, KNC and MFT took a bad blow with a loss of respectively 12 and 9%.
Enjoy our analysis!
Your 4C-Trading Team 💚
Bitcoin closed the previous session in the form of a doji, the figure of indecision par excellence. The daily technical situation is still negative but we can see signs of reversal on MACD and WaveTrends.
Over a 4-hour horizon, the technical situation is positive and we can observe a bullish divergence between the MACD and prices. Over an even shorter time horizon, within 1 hour, the indicators are also bullish.
📈 Trend follower?
Positive in daily and it remains negative in 1h and 4h.
👉 What to do?
The BTC is at a crossroads now and everything will depend on its evolution in the next hours/ days. If Bitcoin manages to regain the 9000 zone, then a bullish recovery will be possible and we will enter pullback. If on the other hand the BTC fails below 9000 and even breaks through the 8300, then a bearish continuation will be very likely.
💹 Altcoins
When Bitcoin consolidates, as we have seen in the last few days, the Altcoins generally do quite well.
Indeed, the majority of altcoins show gains over the last 24 hours like AION with more than 14% or BLZ with a comfortable 8%.
On the loss side, KNC and MFT took a bad blow with a loss of respectively 12 and 9%.
Enjoy our analysis!
Your 4C-Trading Team 💚
Feragatname
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