BTC – unpredictable 35mins’ dipHi Guys!
So here we have again whales’ play. It was unpredictable as it was well coordinated and took them only 35 minutes.
But still, we stopped at the support level which is present since the end of June. This was defended 4 times and if this time it happens again it will be the 5th time. This is a positive info.
Of course, it is possible that we go lower but not lower than $5800 which was explained in our previous analysis – “BTC – we will tell you why BTC won’t go lower than $5800 – encore “ – you will find down below.
So right now key level to break right now is $6376. If you already buying set your stop-loss at $6254
As you can see on the charts with indicators we have the following:
• Weis Volume – the constant decrease in the supply
• MACD – positive convergence
• Chaikin Money Flow – strong support since 24th August – observe if it is crossed
So Traders. That’s it. This might be a good level to enter.
Don’t forget to set your stop-losses.
Massive Hugs!
WBM Team
