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 wedge now and down to 6,472 USD with huge support from 38.2% retracement 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
PS. Please leave a LIKE if you appreciate the content!
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LOL - Give me a medal, a prize or a belt! :)
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Just counted Elliott Waves - might be one more wave up. No bearish divergence yet, so this could in principle take us to 6,690 USD instantly.
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Looking good so far - I have zoomed out a bit, so you can get an overview here.
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D4 is getting confused now - Don't know if Bitfinex might be a bad place to chart with all the fuss lately (have to figure that out).
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.
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LOL. Seems like we are back to the other scenario again. Failed wave. Most likely it will now look this again - and we can forget about Bitmex' and Coinbase' bearish divergence.
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Good morning!
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.
Sorry but a single random call on a small move after disappearing for months is irrelevant man .... theres @botje11 who has been fighting it out and providing super analysis to the people week in and week out... he gets the gold medal and belt .... you get a kewpie doll
D4rkEnergY
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@BlurShines, D4rkEnergY don't owe you anything! D4 does what he wants.
@BlurShines, Don't hate on D4 cause he got out at the right time and knows when to vacation man!!
UnknownUnicorn2774089
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If your back, well the price will drop or do exactly the opposite than your TA
At least you dropped the stupid rocket ships, maybe now you have a reality check in place
kardia
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Bulls are far from being in control. In fact, it looks like we are heading back downstairs. You didn't think these day traders would be so generous to let Bitcoin stay up for long, did you?
Vitalik_Buterin
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you have been the best trading view version of tom lee. I should open a short now
UnknownUnicorn2825836
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I have a different trading strategy. I prefer to stay mostly in crypto most of the time. I see crypto trading as surfing and you can always jump from wave to wave, and you never know when bumps will happen. I have learned over this year to have reasonable investment cash reserves to jump in during the dip. That is life, you learn one lesson at a time ;). All of last year staying in was the killer strategy.