D4rkEnergY is sharp as a knife, and will provide you with all the info you need on Bitcoin as always. Every single chart and move have been spot on. D4rkEnergY was the only one telling you about a potential Christmas Rally 2 weeks ago. And guess what?? Here we are - SURPRISE SURPRISE! The King is back!
Bitcoin-bulls have been fighting hard since Halloween, while the bears have been stunned. On fxxxx time! Bears have been scared, but D4rkEnergY understands, because 100 years of historical data also suggest, that the best months in all markets, also traditionals, are from October-May.
Here are the 2 most likely scenarios:
We will most likely fall through the ascending now and down to 6,472 USD with huge support from and also from EMA50 and EMA100.
Here after we will go up again, but the question is, if this move will restart a new minor cycle, or if we need to go down to 61,8 % retrace first and 6,387 USD, before we can continue our Christmas Rally.
I think the last scenario is most likely.
D4 will keep you updated! D4 Loves you <3
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On Coinbase and Bitmex we have bearish divergence, which means that we according to them have 1-5 Elliott wave in a diagonal, and we are therefore on wave A now. If that is the case we will see something like the chart below, which also were my initial idea.
But we will see very soon - if we go way higher we will destroy wave A, cause the third wave go into the 1st wave price territory which isn't allowed to Elliott Wave theory - Ill keep you updated.
This scenario again. Even though I was aware if the bigger trend I was very confused yesterday when it came to the smaller swings and went back and forwaed because Bitmex and Coinbase showed bearish divergence on RSI, and Bitfinex here doesn't.
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