BTC – short till the end of August

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

We had a nice rally but don’t forget we are still in the holiday's mode.

During this time the general interest thus volume is getting smaller.

It happens especially in August when people from the northern hemisphere are on their holidays and they don’t think about crypto but about food, beer and swimming pool.

As we previously claimed we will stay in the correction mode till the end of the summer.

We can expect some positive moves starting off from September.

We may reach even $50K for one BTC at the end of this year.

Don’t worry.

All we can advise you now is....

Wait for the dips and simply buy more BTC .

Here are the technical analysis details:

A double top with the weaker second top observed

• The volume has decreased

RSI – the price was much saturated when the price touched $12300
We also observed a head and shoulders pattern which is bearish

• We expect to reach the support at $11K

• It is likely we will touch $9500 again

So be patient.

Don’t be hectic.

The good time will come at the end of Q3 and in Q4 2019.

Take care.

Thank you for your time and reading.

Do tell us what you think about the price at the end of December 2019.

WBM Team.
Dude, awesome!
I disagree with you on this one, but nice analysis nonetheless!
WBM_Team TheRealDemo
@TheRealDemo, thank you for sharing.
I agree with you that we are in correction. But a correction doesn't always mean that the market will have to see lower prices. A correction can also look like this - The market can be pushed to higher prices without volume, because we are in correction. You can see the same in this chart as well - https://charts.cointrader.pro/snapshot/wq5qj
+1 Reply
WBM_Team karthiksai
@karthiksai, thanks for sharing. Time will tell.
Check it on smaller TF, its 4th wave. Triangle. Wave e will most likle overshoot A-C trendline.

WBM_Team SlavicChartist
@SlavicChartist, thanks for sharing.
karthiksai SlavicChartist
@SlavicChartist, Are you talking about this - Yeah wave e may make a false break down and we may see some more sideways movement of wave 4.
+1 Reply
@karthiksai, Yup.
+1 Reply
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