BTC – Decreasing supply & saturated price right now

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

As usual, on Monday let’s start off with the current situation on BTC .

It doesn’t look bad.

Within last 12h we had one of the biggest volumes over the last 6 weeks.

As a result, the price has gone up. This is not much but still positive.

Here are the technical analysis details:

• The price has broken up the last price peak.

EMA crosses Median – as usual, it means the price goes up

Weis Waves – we can see there is clearly decreasing supply. We need more demand right now.

WBM BUY/SELL Indicator – it shows the price is saturated. The correction is possible.


Wait for the correction or at least for the accumulation.

The price right now is saturated – we will make an update showing you that parameter

Stop-loss at $3630 or higher

• Next price level to attack is $3882

Thank you for your time and reading.

Don’t forget to join our telegram channel. See you there.


WBM Team
Comment: Wow. The price has reached $ 3900 breaking up the next resistance.
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