Well, we predicted the current behaviour on the BTC price almost perfectly in terms of the price and time.
Take a look here.
This is analysis from March 26th
Why were we right?
Because we made a careful research of the chart and we applied proper indicators.
Here are the details:
• WBM BUY/SELL Indicator – although the sentiment was falling down the price there was no significant price movement – this is the first very positive sign.
• We were 1 month before 1 year to halving which is always a trigger for the positive price movement.
• We were in a positive but slow uptrend
Right the current situation is as follows:
• Massive volume - no one wants to sell - price goes up.
• Weis Volume – almost no BTCs are being sold.
• WBM BUY/SELL Indicator – we are not overbought yet – there is a space for the further gains
• We shouldn’t fall lower as $7000 for 1 BTC – it might happen during the correction