Let me start saying a few words about TA and trading. The few people in the comment section saying, that I change my mind all the time, doesn't understand the basic of TA. Sorry to say it - but that's a fact.
Let me be very clear, so hopefully everyone (most people) can understand it. When I keep making updates for you guys and are sharing my opinion on, what can happen and what is most plausible, it doesn't mean I also will trade this idea. Most of the times WE DON''T want to trade. I'm trying to educate people, and show how certain scenarios and patterns can play out,
So basically: Fxxx if I say it's more likely that we will go down to 6,400 USD before we will jump out of the wedge. It happened already at 6,500. So what? It doesn't matter, because we were in a no trading zone at that moment. We will NOT make a trade BEFORE we get confirmation on a direction, which means, when we get the breakout.
And lastly: I still think we will go to 6k! I've said it in 2 weeks now - go and check that on my older charts. So I haven't change my overall mind. So for those of you who thinks that we will go down to 6k in a straight line with no corrections, pleeeease! My best advice for you guys is to stop trading - and I really mean it in the best way, because you will lose in the long run. We will have smaller corrections ALL THE TIME.
Ok, let us now take a look at the 4h BTCUSD Chart, and see why it will be a crazy day for Bitcoin!
We are still in an ABC-correction. Today I skipped the EW's for you guys, and try to look at it from a different perspective. As you can see we are in a big descending wedge in purple.
So what will happen now? First of all we have huge resistance from the wedge where we also have the EMA50 above our head. Just beneath us, we have P.O.C (Point of Control - thin black line), which also acts a strong support. So we are caught right in the middle of strong resistance and support. We don't have much room for maneuvering. But Bitcoin will soon be forced to make a decision.
I still believe 6k is the most likely scenario, but we first have to conquer the up trendline 1 at around 6,4xx USD (dotted black line), which has been super strong so far.
THIS will indeed be a super exciting day, and I promise I will keep you updated!!
D4 Loves You <3
I get so many PM from you guys giving me love and support, and telling me, you are making money and have learnt so much from my TA. I'm really happy that i have the opportunity to help you guys -Please leave a LIKE. Thank you, my friends :)
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Here is a close up look at the current situation! My uptrend line 1 was moved (don't know how), so I have adjusted it here.
It's a long uptrend line started back in July 2017.
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Watch out for TRAPS guys. Has been a lot of them lately as you can see (red circles). I've used Bollinger Bands to try and find some fractals and patterns.
It seems like we very soon will have a steep down trend! But let me be clear - it could be a bear trap, so be cautious.
D4 <3 Remember to give me a like, and have a nice day :)
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Boooom - let's see, how low we will go!
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If this is another bear trap, and we manage to get up and through the strong resistance, I'll make a private stream on YouTube about TA totally naked!
So you better not hope for that :)
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Lol, lol, lol...... Whales are playing games with us at the moment :)
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OMG... Need to go to the gym now before I can show up naked. The naked TA stream will be next week when I'm back in Korea :(
@badmojo, Give him a minute he F**ked up. he's getting ready and should be here shortly, This better be NAKED or he lost a follower
roblesraniel8
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WHERES OUR YOUTUBE? Talked to some of my Whale friends just to see you on video. were waiting.
Vinnie_NZ
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More people are amazed at your youth and knowledge, we are so happy you give us your time. Forget the haters, they anus!!?
darkandblue
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Hey man. You know I am a supporter of your work. I think people who are bitter are mostly the people who actually traded based on what they read on this platform and not doing their own TA and trading strategy. They buy with your chart and take it 100% correct to the cent. However, they dont know when to sell or set up a stop loss, so they lose money and get bitter on you.
One suggestion might be that you need to highlight(like today) this is not a trading advice just mere approximate predictions.
Keep up the good work.
D4rkEnergY
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@retiringsoon1, TY Ret!
bilo2000
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major manipulation going on. TA is becoming useless. We are all sheep being herded.
UmairEjaz
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@bilo2000, nothing is manipulated this is accumulation zone if you never seen before search on the internet how it looks like
bilo2000
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@UmairEjaz, take a look at the order books. stare at them for a while and you will c what im talking about. huge buy and sell orders that pop in and out but that never take place. they only herd the sheep (you and us) in a direction. Take some time to look. its illuminating..