BTC – unpredictable 35mins’ dip

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!
So here we have again whales’ play. It was unpredictable as it was well coordinated and took them only 35 minutes.
But still, we stopped at the support level which is present since the end of June. This was defended 4 times and if this time it happens again it will be the 5th time. This is a positive info.
Of course, it is possible that we go lower but not lower than $5800 which was explained in our previous analysis – “BTC – we will tell you why BTC won’t go lower than $5800 – encore “ – you will find down below.

So right now key level to break right now is $6376. If you already buying set your stop-loss at $6254

As you can see on the charts with indicators we have the following:
• Weis Volume – the constant decrease in the supply
MACD – positive convergence
Chaikin Money Flow – strong support since 24th August – observe if it is crossed

So Traders. That’s it. This might be a good level to enter.
Don’t forget to set your stop-losses.
Massive Hugs!
WBM Team
Comment: Massive sale on NASDAQ during last week. Might be correlated with BTC?
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