BTC's most boring update ever
Updated
What's up everyone!
Bitcoin is like painting a flower on the wall and watch it grow at the moment.....
The Global Market cap is around 114 B USD for a while now and also BTC dominance stays high with a current 53.4%
No new money have entered the building and people are not willing to sell at these price levels.
So prepair for some more sideways action this week....
What do the charts tell us?
When we look at the chart we can see that the C-wave that brought us down from 4050 USD to 3335 USD has ended an we can look up just a bit.
The first waves up are forming a leading diagonal which indicates we ar crawling just a little bit higher the next couple of days.
With big resistance at 3500 USD from the wedge and at 3550 USD from former support/resistance levels our crawling up probably ends there.
After this we are going to seek support which probably will be found around 3335 USD again.
If we get a nice bounce at the 3335 USD support level we can look up and even reach the 3800 USD level i talked about in the past update.
Be patient all. Good times will come again!
Like and share if you think this update was useful.
Keep you posted!
Bitcoin is like painting a flower on the wall and watch it grow at the moment.....
The Global Market cap is around 114 B USD for a while now and also BTC dominance stays high with a current 53.4%
No new money have entered the building and people are not willing to sell at these price levels.
So prepair for some more sideways action this week....
What do the charts tell us?
When we look at the chart we can see that the C-wave that brought us down from 4050 USD to 3335 USD has ended an we can look up just a bit.
The first waves up are forming a leading diagonal which indicates we ar crawling just a little bit higher the next couple of days.
With big resistance at 3500 USD from the wedge and at 3550 USD from former support/resistance levels our crawling up probably ends there.
After this we are going to seek support which probably will be found around 3335 USD again.
If we get a nice bounce at the 3335 USD support level we can look up and even reach the 3800 USD level i talked about in the past update.
Be patient all. Good times will come again!
Like and share if you think this update was useful.
Keep you posted!
Note
In a leading diagonal the 5th wave is always the shortest. That is why we didn't go up much in that last wave. Now we are in a correction down, which probably holds around 3300 USD / 3335 USD. Lets see if the bulls do what they are supposed to do and push us up to 3500 USD / 3550 USD and maybe later even to 3800 USD.
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