WBM_Team

BTC – 5 tips how to survive upcoming correction

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!

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 Volumea demand is strongly decreasing.
Again correction is coming.

• Retrace to $3882 or even $3800 possible

Manual:

• 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.

Thank you for reading and your time.

Please drop us a comment in the section below.

Hugs!
WBM Team
Comment: Double top formation.
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USEFUL , THANKS
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WBM_Team kundan1234
@kundan1234, thank you.
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very clear TA, I have seen the similar signs and agree that best is to stay out and buy above aprox 4140 or buy around 3800, thanks! I am lookign fwd to the next update
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@Kub0Lo, thank you.
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WBM_Team filbfilb
@filbfilb, thanks for sharing.
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