BitcoinLong
BTC – did we start the rally?
Hi Guys!
Thanks for watching us. Here we are again with our fresh view.
As we predicted in our previous analysis (BTC – signs of improvement - don't worry - we will get there! – down below
) we have no supply now.
Within last 4 months 70% of all trades were between 7300$ and 10 000$.
It means we have new investors who bought BTC within mentioned range. They won’t be willing to sell it. They wait for the price rise. We think this is happening right now.
Here is what we see.
On 4h chart we can see big green bar – the biggest since 14th of May.
It is reflected on Weis Wave chart. 2nd bar is much bigger than the previous one and still there is no supply – no one is selling right now. VERY GOOD INFO. PRICE SHOULD INCREASE.
We marked couple of resistance lines.
1. 7224$ - resistance broken
2. 7400$ - resistance broken
3. 7527$ - resistance to be broken
4. 7990% - resistance trend to be broken
5. 8280$ - resistance trend to be broken
6. 8600$ - 8800$ - resistance zone – when passed this we are sure we will attack 10000$
Guys and girls – observe these levels and act if necessary. By now we say HODL!
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.
Thanks for watching us. Here we are again with our fresh view.
As we predicted in our previous analysis (BTC – signs of improvement - don't worry - we will get there! – down below
) we have no supply now.
Within last 4 months 70% of all trades were between 7300$ and 10 000$.
It means we have new investors who bought BTC within mentioned range. They won’t be willing to sell it. They wait for the price rise. We think this is happening right now.
Here is what we see.
On 4h chart we can see big green bar – the biggest since 14th of May.
It is reflected on Weis Wave chart. 2nd bar is much bigger than the previous one and still there is no supply – no one is selling right now. VERY GOOD INFO. PRICE SHOULD INCREASE.
We marked couple of resistance lines.
1. 7224$ - resistance broken
2. 7400$ - resistance broken
3. 7527$ - resistance to be broken
4. 7990% - resistance trend to be broken
5. 8280$ - resistance trend to be broken
6. 8600$ - 8800$ - resistance zone – when passed this we are sure we will attack 10000$
Guys and girls – observe these levels and act if necessary. By now we say HODL!
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.
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