BTC – signs of improvement - don't worry - we will get there!
Updated
Hi Guys.
We are back with a bunch of new views giving you better insight of the current situation with BTC.
This is so great to cooperate with. You are our fuel. MASSIVE THANK YOU.
So do we have a weekend stagnation? Might be. But more probably we are in stabilization mode right now.
As you can see on Volume Profile indicator 70% of all trades were between 7300$ and 10 000 $ (blue lines on the chart).
We are at the bottom of this so-called Volume Area. It means during last 4 months we have new investors who bought BTC within mentioned range. They won’t be willing to sell it. They wait for the price rise. We can expect very low volume (supply is spent) below current price. We think we are very near to the bottom and simply there will be no BTC for sale for lower price. It determines price increase.
Moreover we are at the bottom of Bollinger line as well giving an impulse to go up.
When looking on RSI chart we are in the oversold zone.
MACD – since February we have a positive uptrend. We can observe positive convergence. This is stable and persistant.
Furthermore, look at the second chart given in comments. We marked cycles there. Last cycle took us around 2 months. If this time we can expect the same we will have in around 2 weeks time start of the new uptrend.
Stay patient and don’t sale your BTC. Stay cool.
Guys this is the key right now. 2017 was about to hodl. 2018 is about patience.
Many years ago we thought trading is so excited - we can trade every day. Action every day, always something unpredictable. Act, act, act. Unless you are day trader, this is false.
Over time we realized that patience is as important as flexibility.
As Warren Buffet said : “ You can’t produce a baby in one month by getting 9 woman pregnant”
This means there are processes which demand time. We are now cleaning off from exaggerated euphoria of 2017. Don’t worry this is normal and healthy. It simply takes time. We will get there.
Stay vigilant and patient.
Thank you for all support. You are the reason why we are making this.
If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution!
If you don't want to miss out updates don't forget to follow us!
HUGS!
WBM Team.
We are back with a bunch of new views giving you better insight of the current situation with BTC.
This is so great to cooperate with. You are our fuel. MASSIVE THANK YOU.
So do we have a weekend stagnation? Might be. But more probably we are in stabilization mode right now.
As you can see on Volume Profile indicator 70% of all trades were between 7300$ and 10 000 $ (blue lines on the chart).
We are at the bottom of this so-called Volume Area. It means during last 4 months we have new investors who bought BTC within mentioned range. They won’t be willing to sell it. They wait for the price rise. We can expect very low volume (supply is spent) below current price. We think we are very near to the bottom and simply there will be no BTC for sale for lower price. It determines price increase.
Moreover we are at the bottom of Bollinger line as well giving an impulse to go up.
When looking on RSI chart we are in the oversold zone.
MACD – since February we have a positive uptrend. We can observe positive convergence. This is stable and persistant.
Furthermore, look at the second chart given in comments. We marked cycles there. Last cycle took us around 2 months. If this time we can expect the same we will have in around 2 weeks time start of the new uptrend.
Stay patient and don’t sale your BTC. Stay cool.
Guys this is the key right now. 2017 was about to hodl. 2018 is about patience.
Many years ago we thought trading is so excited - we can trade every day. Action every day, always something unpredictable. Act, act, act. Unless you are day trader, this is false.
Over time we realized that patience is as important as flexibility.
As Warren Buffet said : “ You can’t produce a baby in one month by getting 9 woman pregnant”
This means there are processes which demand time. We are now cleaning off from exaggerated euphoria of 2017. Don’t worry this is normal and healthy. It simply takes time. We will get there.
Stay vigilant and patient.
Thank you for all support. You are the reason why we are making this.
If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution!
If you don't want to miss out updates don't forget to follow us!
HUGS!
WBM Team.
Note
Chart with cycles.
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