Hi Guys! As we wrote in our previous BTC analysis the safe level to enter is above $4300. However, we can see some positive signs which may lead us to go up, finally.
Here are the details:
• Since 60h we are in the moderate, micro positive trend. The price managed to stay above $3880 – this is a good sign
• Finally, EMA is above the Median. This is the weakness of the Median but it is quite often so if the trend is not going to fall anymore. All we need it stronger bounce up of the EMA.
• Weis Waves – not much demand but also no supply whatsoever. The market has to tip the balance in somebody’s favour.
• WBM BUY/SELL Indicator – the price is oversold which means theoretically good moment for buying. What is more important, the following (2nd) dip is higher than the previous one which can herald the price increase.
We are very careful with any decisions right now because the market is emotionally unstable. It has to recover after last deep which took place 3 days ago.
Anyway, we still remain positive towards BTC and other cryptos. The end of the bear market is close.
In general, cryptocurrencies fundamentally make perfect sense and we believe in 20 years time we all will be using cryptos like we do e-mails right now.
Thank you for reading.
Drop us a line how are you feeling on this market.