Well, yesterday’s prediction didn’t work out.
As it turned out even solid pattern such as reversed doesn’t guarantee the win.
This is crypto.
They behave irrationally.
Don’t be afraid. When the bull rally is on corrections shouldn’t exceed 30%.
It such cases it is always a good idea to buy extra in such a dip.
Yesterday’s drop wasn’t expected.
Someone put a large amount of BTC for sale on one exchange.
It was a trigger.
The price didn’t fall that much. It was around 12% down.
It is getting stabilized.
We observed that during the current bull ride the price didn’t fall below 9EMA on 3D chart.
What do you think about that?
Drop us a line in the comment section.
More technical analysis:
• We are still in the uptrend
• The long shadows on the bars observed – it looks like the correction is nearing to the end
• Weis Waves - let’s wait till the red waves are getting smaller or the disappear
• WBM BUY/SELL – the price is locally oversold
Anyway, such behavior is normal and really please do not panic.
When you make decisions being emotional you end up with a loss.
Thank you for reading.
Hit a like to support.
Yesterday on the 1H time frame , we could see a bullish flag printed
Volume had dropped over 10% in less than 30 min
The bulls tried to get over the resistance at 13060 couple of times but couldn’t succeed ( the body of candle)
Consequently it did fell
Of course the sale had to do with it then to bring it down to 12100k
Btc heading south
May be below 10k :)))
Btc is looking for bottom