BTC – too much emotion – we will stay below $11500

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

As we observe the market it is still very emotional.

Well, we are just at the beginning of the bullish market again.

People didn’t shake off entirely after 1,5 year of the correction.

This is pretty normal.

We had a small upswing and automatically all other cryptos went automatically down.

Don’t worry we should stay below $11500 for a bit longer.

Most probably another 2/3 weeks.

Reaching $14000 again will take a bit of time.

After that BTC will attack $20K.

Let’s take a look at the indicators and the chart.

• It is possible that the price would touch $9300 – just for a moment – don’t panic

• The price can also stay inside the channel $10500 - $11500

• The price is already saturated on 4H chart – small down movement is expected

• Weis Waves – the last bar of demand is very small which means demand is very weak for the time being.

• This is actually good news. We had over 80% gain of BTC over 2 weeks in May. The correction is normal and even desirable.

• Take a look at other altcoins. They are much oversold!

What do you think of such a scenario?

Is it positive for you?

Please do comment down below.

Thank you for reading.

Massive Hugs!
WBM Team
About 90–95% of the traders /investors CONSISTENTLY lose money on Crypto Market either in a bull or bear market. This is a well-known and publicized statistic.And it’s true!

+1 Reply
WBM_Team CryptoEngineering
@CryptoEngineering, thanks for sharing.
+1 Reply
@WBM_Team, Thank you dude, I also like your TA strategy. Good luck on your trading.
WBM_Team CryptoEngineering
@CryptoEngineering, good luck. Keep in touch!
+1 Reply
thx. i have nearly the same target. maybe helpful. :-)

+1 Reply
WBM_Team btcinvests
@btcinvests, thanks for sharing.
Amazing content keep up your nice work! Leave us a like aswell :)
WBM_Team DACapitalTrading
@DACapitalTrading, thank you. We are also huge fans of your work! :)
appreciated your content, in the end we are all students of the market and learning constantly from it, i also give the best value i can to the community, i'm sure you would like it
WBM_Team transparent-fx
@transparent-fx, you are right. We have to be cautious as still, this market is very young and we have to learn every day.

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