Over last days we had a nice rally on BTC .
It seems there is not much momentum anymore.
We have to prepare for the correction.
Technical analysis details:
• Double top observed with lower volume – this means correction
• WBM BUY/SELL Indicator – the price is much saturated.
The correction is expected.
• Weis – a demand is strongly decreasing.
Again correction is coming.
• Retrace to $3882 or even $3800 possible
• If you already have BTC it is a good idea to sell it for the time being
• To reload we have to wait till supply decreases and demand shows up
• The very safe level of re-entering will be above $4140
• If you don’t want to wait so long observe $3882 levels and $3800 but remember to…
• Set your stop loss between 5 – 10 % below the level you buy
Keep an eye on our analysis in order not to miss the update.
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