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WBM_Team
Mar 18, 2019 2:31 PM

BTC - $4350 – 4400 squeeze expected  

BITFINEX:BTCUSD720
Bitcoin / DollarBitfinex

Description

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Hi Traders.

Welcome to the new week.

Of course, the most interesting chart is BTC chart.

The global crypto trend relies on it.

So here are details of the technical analysis.

It looks pretty decent we must say

• We are in a positive micro uptrend

• Ascending bullish triangle observed – we are close to breaking $4200 and further $4300

• Volume - since February 2019 we observed the bigger positive volume

• Weis Waves – we have a demand but we need stronger BUY pressure
There is no supply meaning no one is selling right now

• WBM BUY/SELL Indicator– due to the fact the price is very little saturated there is room to go up for higher prices

• Visible Range – the price has crossed Point of Control (fair price) and still it is heading north

So in the upcoming days, we expect to reach even $4400 level.

Hopefully, we will break it up and stay above $4500 for good.

If that happens we can announce the reversal of the trend.

What are your predictions?

Are you having high hopes?

Leave a comment in the section below.

Thank you for reading.

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MASSIVE Hugs!
WBM Team

Comment

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Trend AnalysisWave AnalysisTechnical IndicatorsBTCBitcoin (Cryptocurrency)BTCUSDbitcoinusdwbmteam
Comments
W3rN0tAl0n3
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20-weekly-SMA is containing price for now- same occurred in 2015 during that bottoming bear market- I believe it would take more than we have to overcome that right now, but that's just my opinion, thought I'd throw that out there- take care
WBM_Team
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@jeremy.jacques79, time will tell bro. Thank you for sharing.
TheAlphaTrades
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Morning! Thanks for your updates and honesty.

I've provided a thorough video analysis of my take on BTC, I discuss higher time frames, plus projects of gaps needing to be filled in between 4600 to 5600:
WBM_Team
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@Cryptosomniac, thank you mate!
UWANG
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Wonderful idea. I think Bitcoin won't go down quickly.
WBM_Team
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@UWANG, thank you for sharing
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