BTC – the price maintains strong – we can expect more

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

We expected correction or price dip.

This didn’t happen.

The price maintains strong and still, there is very little supply.

Not many people want to sell.

The bad thing no one is brave to make the price even higher.

Everyone is waiting.

Here are the key technical analysis details:

• The price trend remains exactly the same as it was between February and April

• Although everyone expected correction actually nothing bad happens with the price

• The longer we stay without the correction the more likely the price will go up

• WBM BUY/SELL Indicator – the price is getting negatively saturated – soon there will be another opportunity to buy

Ichimoku Cloud - The price is over Tenkansen(red) which is over KijunSen(blue).
They are all over the cloud.
It looks very healthy.

• The golden cross is still in force – MA50 crossed MA200

Weis Waves – there is not much supply. No one is selling.

So we if the price stays on its course we can expect to have another bounce up.

We think it will come in the second half of May.

Thank you for reading and your time.

We are glad you are guys with us.

What are your expectations towards BTC in the near future?

Please comment down below.

WBM Team.
Comment: Golden cross and Weis Waves
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