BTC – Decreasing supply & saturated price right now
Updated
Hi Guys!
As usual, on Monday let’s start off with the current situation on BTC.
It doesn’t look bad.
Within last 12h we had one of the biggest volumes over the last 6 weeks.
As a result, the price has gone up. This is not much but still positive.
Here are the technical analysis details:
• The price has broken up the last price peak.
• EMA crosses Median – as usual, it means the price goes up
• Weis Waves – we can see there is clearly decreasing supply. We need more demand right now.
• WBM BUY/SELL Indicator – it shows the price is saturated. The correction is possible.
Manual:
• Wait for the correction or at least for the accumulation.
• The price right now is saturated – we will make an update showing you that parameter
• Stop-loss at $3630 or higher
• Next price level to attack is $3882
Thank you for your time and reading.
Don’t forget to join our telegram channel. See you there.
t.me/joinchat/AAAAAFd1T8RiqbcRKM-z3w
MASSIVE Hugs!
WBM Team
As usual, on Monday let’s start off with the current situation on BTC.
It doesn’t look bad.
Within last 12h we had one of the biggest volumes over the last 6 weeks.
As a result, the price has gone up. This is not much but still positive.
Here are the technical analysis details:
• The price has broken up the last price peak.
• EMA crosses Median – as usual, it means the price goes up
• Weis Waves – we can see there is clearly decreasing supply. We need more demand right now.
• WBM BUY/SELL Indicator – it shows the price is saturated. The correction is possible.
Manual:
• Wait for the correction or at least for the accumulation.
• The price right now is saturated – we will make an update showing you that parameter
• Stop-loss at $3630 or higher
• Next price level to attack is $3882
Thank you for your time and reading.
Don’t forget to join our telegram channel. See you there.
t.me/joinchat/AAAAAFd1T8RiqbcRKM-z3w
MASSIVE Hugs!
WBM Team
Note
Note
Wow. The price has reached $ 3900 breaking up the next resistance.
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.