As we observe the market it is still very emotional.
Well, we are just at the beginning of the 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.
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