D4rkEnergY

BITCOIN Might Already Has BOTTOMED - And U Haven't Realized It!

D4rkEnergY Updated   
BITFINEX:BTCUSD   Bitcoin
Dear Friends!

I will do this very brief cause we are in a very interesting situation - We might already have reached the bottom without most people haven't even realized it.

Most would have expected a huge bounce, before a real reversal would take place. But we have mixed signals, and some of them might indicate, that we already have reached our low for now.

On the left - The 1D BTCUSD Chart. Huge A wave down with some extended waves. Pay attention to Wave 3 with waves of minor degrees inside. Also pay attention to the The Class A Bullish Divergence on the RSI.

BUT the most important part is the chart on our left - the 4 hour chart. Take a look at my magnifying glass - something interesting is happening at this very moment.

As I see it this can be 2 things:

1. That we prior to that had a truncated 5th wave and have had that reversal, and are about to make impulse waves up towards B at around 5,600 USD.
2. This could also just be a prolonged 4th wave - but it would also mean that, we will have a very small 5th wave down due to the 1st and 3rd wave ratio is 1.1

Please leave a LIKE, and I will go more in dept and zoom in on our focus area and follow up on this exciting situation.

D4 <3
Comment:
Bullish and Bearish Scenario and why we might already have reached the bottom:

Here are they:

2. Bearish to the left with prolonged 4th wave

1. Bullish to the right with super truncated 5th wave, but it does makes sense - and we shouldn't completely avoid it -due to the classical patterns and inverse head and shoulder formation plus RSI/MACD Bullish Regular Divergence.

Comment:
WATCH OUT if you are short. There might very soon come a QUICK Short Squeeze up! A lot of indicator are pointing in this direction - just a warning. As we know, nothing is sure when it comes to trading.

Comment:
WOW! Crazy timing - BOOM! Didn't expect such a HUGE Spike though! :D

Comment:
I understand why some people was skeptic when I said, that we might have reached the bottom. I fully understand, and I wasn't obviously not sure my self (and we are still not sure of anything).

But one thing I was right in, was the fact, that I exactly saw this scenario play out. I indeed warned you before it happened.

Here is a good advice; When the vast majority believe it will go wither up or down THEN you want to be a contrarian.
`
Comment:
VERY IMPORTANT that we hold this level. I have illustrated it here for you:

Look how it perfectly would match Elliott Wave Theory and Fibonacci ratio relationship between the waves and classical charting with the inverse Head and Shoulders.

I would appreciate if you left a like if you enjoyed the content :)

Comment:
SO as you can see it seems like my truncated 5th wave was an reality, and we now have a reversal. I was lucky (good) to call out the short squeeze just before it happened and made 8 % my self on it.

D4 <$

Comment:
You can here get an idea of the over all scenario, which still hold. Let me stress never stick to a fixed narrative - things can change and we have to adapt.

Comment:
Just to the few no life trolls in the comment sections who claim im wrong all the time - Here you can see how I predicted a reversal at 3,224 USD - and guess what. Exactly on the dollar.

I will soon make a new chart, so you can see what to expect from now on.

Please leave a LIKE,my friends.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.