Hi Guys!
Over last days we had a nice rally on BTC.
It seems there is not much momentum anymore.
We have to prepare for the correction.
Technical analysis details:
• Double top observed with lower volume – this means correction
• WBM BUY/SELL Indicator – the price is much saturated.
The correction is expected.
• Weis Volume – a demand is strongly decreasing.
Again correction is coming.
• Retrace to $3882 or even $3800 possible
Manual:
• If you already have BTC it is a good idea to sell it for the time being
• To reload we have to wait till supply decreases and demand shows up
• The very safe level of re-entering will be above $4140
• If you don’t want to wait so long observe $3882 levels and $3800 but remember to…
• Set your stop loss between 5 – 10 % below the level you buy
Keep an eye on our analysis in order not to miss the update.
Thank you for reading and your time.
Please drop us a comment in the section below.
Hugs!
WBM Team
Over last days we had a nice rally on BTC.
It seems there is not much momentum anymore.
We have to prepare for the correction.
Technical analysis details:
• Double top observed with lower volume – this means correction
• WBM BUY/SELL Indicator – the price is much saturated.
The correction is expected.
• Weis Volume – a demand is strongly decreasing.
Again correction is coming.
• Retrace to $3882 or even $3800 possible
Manual:
• If you already have BTC it is a good idea to sell it for the time being
• To reload we have to wait till supply decreases and demand shows up
• The very safe level of re-entering will be above $4140
• If you don’t want to wait so long observe $3882 levels and $3800 but remember to…
• Set your stop loss between 5 – 10 % below the level you buy
Keep an eye on our analysis in order not to miss the update.
Thank you for reading and your time.
Please drop us a comment in the section below.
Hugs!
WBM Team
Note
Double top formation.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.