BTC – over 15% bounce up during last 2days – correction possible
Hi Guys!
We have not so much to say about BTC.
During the last 2 days, we had a 15% bounce up.
Right now we are struggling with a correction.
We marked the small micro uptrend where the current correction might go to. It is at the level of around $3400.
The price chart has nearly broken the level of $4000 but to do it for good we have to wait.
The price has also broken EMA 9 and EMA 21 which is good.
We have also marked a falling wedge pattern which is bullish. Time will tell.
The next level to break is at the level of EMA 100 at $4000.
The 3rd price to be passed is $4486. This one is the most important one. Why? This was the max of the last peak.
If the current price will break it for good and will be able to maintain there for a while then we can say we have a trend reversal.
Weis Waves are looking promising - the supply has decreased and the demand has shown up. Current red bars are looking like a correction.
RSI - the price has not bounced back yet but the trend angle has significantly increased.
So the most important is now to observe if we break the subsequent above-mentioned levels.
If you are in trade set your stop-loss at $3400.
Any interesting thoughts about the future of BTC?
Please do share them with us!
Massive Hugs!
WBM Team
We have not so much to say about BTC.
During the last 2 days, we had a 15% bounce up.
Right now we are struggling with a correction.
We marked the small micro uptrend where the current correction might go to. It is at the level of around $3400.
The price chart has nearly broken the level of $4000 but to do it for good we have to wait.
The price has also broken EMA 9 and EMA 21 which is good.
We have also marked a falling wedge pattern which is bullish. Time will tell.
The next level to break is at the level of EMA 100 at $4000.
The 3rd price to be passed is $4486. This one is the most important one. Why? This was the max of the last peak.
If the current price will break it for good and will be able to maintain there for a while then we can say we have a trend reversal.
Weis Waves are looking promising - the supply has decreased and the demand has shown up. Current red bars are looking like a correction.
RSI - the price has not bounced back yet but the trend angle has significantly increased.
So the most important is now to observe if we break the subsequent above-mentioned levels.
If you are in trade set your stop-loss at $3400.
Any interesting thoughts about the future of BTC?
Please do share them with us!
Massive Hugs!
WBM Team
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Update on the image above
