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.
• 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.
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