BTC – silence before the storm (rally)?Hi Guys.
We are back after short break.
As you can see there is no turnover on the market but… it doesn’t mean it is bad for the time being.
Maybe people want to cool off a bit. Think BTC over. Read more about cryptocurrencies and blockchain.
There are more and more positive fundamental information regarding cryptocurrencies.
Our attention cought Commodities Futures and Trading Commissioner Rostin Behnam who made a powerful speech at the Blockchain For Impact Summit held at the United Nations in New York where he called blockchain technology a “modern miracle”
Wow official clerk in the U.N. Summit so positive about blockchain.
Here are some quotes:
““We are literally discussing a new world. Just as the founders of the United Nations spoke with optimism in 1948, so we may be hopeful about the future. Anything is possible. With your wisdom and guidance, we can transform this world into something wonderfuf”
“But virtual currencies may – will – become part of the economic practices of any country, anywhere. Let me repeat that: these currencies are not going away and they will proliferate to every economy and every part of the planet. Some places, small economies, may become dependent on virtual assets for survival. And, these currencies will be outside traditional monetary intermediaries, like government, banks, investors, ministries, or international organizations. We are witnessing a technological revolution. Perhaps we are witnessing a modern miracle”
This is magnificient. Finally we are witnessing serious speech by a serious man in serious place in front of even more serious leaders.
This speech can raise doubts. This can change way of thinking of the global leaders. If so they will change their legal proceedings towards cryptocurrencies. This is really GOOD NEWS.
So don’t worry. Time is the key. We need patience. Future is bright.
Coming back to the chart.
Literally there is no turnover. If you have your BTC already bought, hodl it.
If you think of buying wait till volume grows.
We identified triangle shape – we need more volume to bounce it up
According to the Visible Range we are below “fair” price and in the lower part of the Volume Area.
Many people have bought their BTCS below fair price which is at this time span at 8299 USD level.
We are over VWMA50 which is a good sign.
MACD – positive info – positive convergence observed
RSI – neutral level
Weis Waves – no direction observed as there is no volume yet – keep observing.
As you can see we have neutral and positive indicators.
So Guys.
Stay brave, stay cool.
Be positive and vigilant.
Act.
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HUGS!
WBM Team.
