2021-02-12 12:18:25
#4C_Trading
#BTC_Update
*What's new since the last update my dear community? Well BTC has reached a new ATH in the previous session with a high point of 48985 and is currently trading around 47000.
*The trading volume on a 4 hour time horizon has increased with the price increase yesterday, which is good news.
The daily technical situation remains positive with a bullish MACD and WaveTrend. On a 4 hour time horizon, it is the opposite with a sell signal given on the WaveTrend and the MACD.
What can be done?
We can therefore expect a retracement, which according to our trend continuation hypothesis, will allow us to enter into position. How can we do this? Today I propose two entry points, one riskier around 45000 and the second around 39500.
For the first one, as usual with this type of trade, no more than 0.5% risk my dear community. While waiting to be filled, we remain cautious, I wish you all an excellent Friday!
https://www.tradingview.com/x/SPU1Tpbd/
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