We are starting a new week with a nice bounce up on BTC.
We are heading towards $6000.
Unfortunately, altcoins are falling right now but this situation should change within days.
Right now BTC is still strong.
The price manages to stay on the previous supports which actually makes BTC STRONG.
It is clear bulls are woken up and the have a massive appetite for growth.
All we need for 100% happiness is growth on other cryptos.
Here are the technical analysis details:
• On the daily chart, golden cross is about to happen (50MA crosses up 200MA)
• WBM BUY/SELL Indicator – the price is saturated much and we expect a small correction.
• Weis Waves - the good news is that from mid-Dec 18 we have very little supply = the price moves up
• On the upgraded RSI we can see the price is saturated too. Small correction expected.
• Ichimoku Cloud – this looks really good. The price is currently above the top line of the cloud. Although some of the indicators show us possible correction, Ichimoku Cloud is in strong bullish mode.
We also marked 2 possible scenarios of the price move.
We think number 2 is more realistic.
We expect small correction but we still maintain in the bullish mode.
What are your expectations and predictions?
Please comment down below.
Don’t forget to like and follow if you like our job. :)
Just to be clear, push to ~6k +/- 300... then
drop.. and capitulation. Then we will truly enter the bull-run. People say this is the GoldenX I see it as the end of the Death.
WBM_Team
⋅
@AdamFleish, well we think we will go to 6K. After that small retrace. We are at the beginning of the bull run. Thanks for sharing.
UnknownUnicorn3811160
⋅
@WBM_Team, let’s be clear there will be a big bull trap, followed by grind down and then ultimately capitulation.
UnknownUnicorn3811160
⋅
@AdamFleish, again to be clear people say this is the beginning of the bull run I see it as the end of the death.
Your humble servant..
WBM_Team
⋅
@AdamFleish, well time will tell but we think you are too pesimistic. There are many proofs of the end of the bear market.
Perfect execution of Elliott Wave by Bitcoin. One chart covers 11 days of trading with no updates needed. If you want to trade like this, DM me.
WBM_Team
⋅
@bibboyne, interesting thanks for sharing.
pkb6698
⋅
I think the current is similar to the bottom of 2015. What do you think? Please give me a advice.
WBM_Team
⋅
@pkb6698, yes we do agree with your arguments. We are nearly 1 year before halving. This is the ultimate factor of the bull run. We think we might even go higher than that.
drop.. and capitulation. Then we will truly enter the bull-run. People say this is the GoldenX I see it as the end of the Death.