BITCOIN-Bulls Are Waiting JUST Around The Corner - 10K USD?
Hey Friends :)
Once again, I do apologize for not being consistent with new charts and updates all the time. I have made many charts and many updates for almost 2-3 months every single day, and I know it also automatically creates some expectations. But I've been really busy lately with my company. A lot of exciting stuff is happening - but I must also admit I've been pretty stressed, and I simply didn't have the time. I can only promise you, that I will do my best to keep you updated - I hope you understand :)
Let's this time take a look at the 4h BTCUSD Chart! We have for many days been in this grey zone, where it has been very hard for most traders and top traders to figure out where we are going midterm (above or under 10k). Also for me. That is also why I have warned inexperienced traders about playing with Bitcoin - especially margin trading due to traps and shakeouts by the whales who liquidates longs and shorts again and again.
SO... As you can see we had the Regular Bearish Divergence (price making higher highs, while RSI is making lower highs), which took us down from 9,9k to where we are now. As you can see we are at this very moment in a descending wedge, which is a bullish pattern.
I therefore believe we very soon will break out and go higher - it also match with the Hidden Bullish Divergence from 3 weeks ago (price is making higher lows, while the RSI is making lower lows). This is a continuation pattern and predicts, that we will be able to continue our uptrend - BUT. The bullish divergence is being LESS noticeable.
SO HERE IS THE DEAL:
- Expect we will break out and land in the orange box (around 9,150-9,4xx USD)
- If the bulls have to succeed they cannot stay too long in the orange zone. If they do so, they will be caught in a bear flag (or HS pattern), which will eventually take them further down, also due to the lack of trust in the attack. We will most likely go to 8,8k-8,6k.
- So the bulls have to go above 9,500 USD pretty quickly (green box). If they manage to hold that level for some while, it will create a lot of hope, which might give the bulls that extra push to go through the ugly zone 9,7xx-10,000 USD of confluence resistance.
Because of all the uncertainty at the moment, and support- and resistance levels everywhere, we can only take one step at a time. If we fall to 8,800 USD, we have to rethink everything again. If we can go to 9,500 and stay there for a while, I will go with the bulls, and believe we most likely will go through 10,000 USD soon!
Go Bulls!
D4 Loves You <3
Please leave a LIKE and Follow - Thank you so much my, friend :)
Once again, I do apologize for not being consistent with new charts and updates all the time. I have made many charts and many updates for almost 2-3 months every single day, and I know it also automatically creates some expectations. But I've been really busy lately with my company. A lot of exciting stuff is happening - but I must also admit I've been pretty stressed, and I simply didn't have the time. I can only promise you, that I will do my best to keep you updated - I hope you understand :)
Let's this time take a look at the 4h BTCUSD Chart! We have for many days been in this grey zone, where it has been very hard for most traders and top traders to figure out where we are going midterm (above or under 10k). Also for me. That is also why I have warned inexperienced traders about playing with Bitcoin - especially margin trading due to traps and shakeouts by the whales who liquidates longs and shorts again and again.
SO... As you can see we had the Regular Bearish Divergence (price making higher highs, while RSI is making lower highs), which took us down from 9,9k to where we are now. As you can see we are at this very moment in a descending wedge, which is a bullish pattern.
I therefore believe we very soon will break out and go higher - it also match with the Hidden Bullish Divergence from 3 weeks ago (price is making higher lows, while the RSI is making lower lows). This is a continuation pattern and predicts, that we will be able to continue our uptrend - BUT. The bullish divergence is being LESS noticeable.
SO HERE IS THE DEAL:
- Expect we will break out and land in the orange box (around 9,150-9,4xx USD)
- If the bulls have to succeed they cannot stay too long in the orange zone. If they do so, they will be caught in a bear flag (or HS pattern), which will eventually take them further down, also due to the lack of trust in the attack. We will most likely go to 8,8k-8,6k.
- So the bulls have to go above 9,500 USD pretty quickly (green box). If they manage to hold that level for some while, it will create a lot of hope, which might give the bulls that extra push to go through the ugly zone 9,7xx-10,000 USD of confluence resistance.
Because of all the uncertainty at the moment, and support- and resistance levels everywhere, we can only take one step at a time. If we fall to 8,800 USD, we have to rethink everything again. If we can go to 9,500 and stay there for a while, I will go with the bulls, and believe we most likely will go through 10,000 USD soon!
Go Bulls!
D4 Loves You <3
Please leave a LIKE and Follow - Thank you so much my, friend :)
Comment:
Edit: So it will definitely NOT be easy for the bulls. We have to go above 9,5k and keep that level for a while!
Comment:
So far the bulls are doing exactly, what we could hope for! We are are at 9,300 USD. Bullish MACD-cross. Our volume has been increasing until the last bar.
We have had a 23,6 % retracement on the 4th wave. We might have a longer extension, which is totally ok, and can afford to go to 9,200 (38,2 retrace).
Everything taking into consideration we should be able to go to around 9,5k!
D4 <3
Please leave a LIKE, my friends :)
We have had a 23,6 % retracement on the 4th wave. We might have a longer extension, which is totally ok, and can afford to go to 9,200 (38,2 retrace).
Everything taking into consideration we should be able to go to around 9,5k!
D4 <3
Please leave a LIKE, my friends :)
Comment:
We still have faith in the bulls! They are still doing their job - they are slowing down though and losing momentum. But the hope is still here, which also reflects the altcoin market which has increased a lot the last 24 hours!
I tried to illustrate here with classical charting why its very important that we reach that green box as I told you about from the beginning.
If we don't - and stay in the orange zone the bear flag will slowly take form, which will take us down to around 8,8k. And maybe even 8,6k.
The bulls have surprised us so many times lately. Don't count them out yet!
D4 <3
I tried to illustrate here with classical charting why its very important that we reach that green box as I told you about from the beginning.
If we don't - and stay in the orange zone the bear flag will slowly take form, which will take us down to around 8,8k. And maybe even 8,6k.
The bulls have surprised us so many times lately. Don't count them out yet!
D4 <3
Comment:
Super important level for the bulls to go through (dotted line) since it will invalidate the bear flag pretty much!
Comment:
The bulls are still doing, what they are supposed to do! Slowly moving forward, but we are in an ascending wedge, which predicts we will go down and have a smaller retracement.
And then we are back in the orange box where we soon will face a crucial moment! We cannot stay in this zone for long time, and BTC has to choose whether we are going up or down!
Imo this is a no trading zone, if you are not an experienced day trader. This is way too risky! Even though I'm still so far bullish in BTC. No reason to take any risk.
And then we are back in the orange box where we soon will face a crucial moment! We cannot stay in this zone for long time, and BTC has to choose whether we are going up or down!
Imo this is a no trading zone, if you are not an experienced day trader. This is way too risky! Even though I'm still so far bullish in BTC. No reason to take any risk.
But all my red circles are are strong resistance-areas. EMA's and past support and resistance levels. So it will definitely now be easy for the bulls!
Let's hope some strong bulls are willing to follow up on this attack!