BITCOIN Will Soon Hit 11,000 USD OR 6,000 USD - Here is WHY!
Hello Crypto-Family <3
D4rkEnergY is feeling better. I'm really sorry, that I couldn't make an update yesterday, but I was on a flight from Seoul back to Bangkok, and when I finally arrived midnight I didn't have internet in my room. I just found out that I now have more than 10,000 followers here on TradingView - and I've only published PUBLIC charts for 1 month. Thank you so much guys :)
We are once again taking a look at the 4h BTCUSD Chart. 6 days ago I told you, that we probably had to go to 7,200 USD before we had a real chance to go into a reversal. That was not a coincidence - it was equal to a 78,6 % Fibonacci Retracement of the Elliott Wave Cycle. After the 1,2,3,4,5 C-down correction we just jumped out of the wedge and bounced our head into the EMA50.
So what will happen now?
On the chart I have illustrated 3 scenarios. A Blue, a Purple and a Red one. 2 of them take us above 11,000 USD soon. And the red one will take us down to around 6k. I've used Elliott Wave Theory and Trend based Fibonacci-tool to determine the waves. Just to make it clear - When we get more data we can and will adjust the wave structure.
Purple: This is the most bullish scenario. We here assume, that we not are done with the 1st EW. We will probably go to EMA100 and thereafter we will have our Wave 2-retracement. This is obviously the most preferable one, since we here can retrace outside the downtrend channel, and therefore we will also see more trust in the market.
Blue: We here assume we are done with the 1st EW, and now need a retracement. EW Theory guidelines suggest we need at least a 50 % retracement on the 2nd wave, which will take us down in the downtrend channel again. As you can see, at this very moment we are getting support from the Downtrend line which also is equal to 23,6 % retracement. This scenario is more likely to happen in the purple one.
Red: This will definitely happen if we get an Elliott Wave Failure, which means if we go under 7,200 USD we will also go down to around 6,000 USD. Normally we allow us self more than 50 % and up to 99,99 % retracement on the 2nd EW, but under these circumstances we don't want more than 61,8 %. It will create lack of trust in the market.
This will be super exciting to follow! I will give you updates.
D4 loves you <3
Remember to give a BIG LIKE - it means a lot to me - thanks in advance, friend :)
D4rkEnergY is feeling better. I'm really sorry, that I couldn't make an update yesterday, but I was on a flight from Seoul back to Bangkok, and when I finally arrived midnight I didn't have internet in my room. I just found out that I now have more than 10,000 followers here on TradingView - and I've only published PUBLIC charts for 1 month. Thank you so much guys :)
We are once again taking a look at the 4h BTCUSD Chart. 6 days ago I told you, that we probably had to go to 7,200 USD before we had a real chance to go into a reversal. That was not a coincidence - it was equal to a 78,6 % Fibonacci Retracement of the Elliott Wave Cycle. After the 1,2,3,4,5 C-down correction we just jumped out of the wedge and bounced our head into the EMA50.
So what will happen now?
On the chart I have illustrated 3 scenarios. A Blue, a Purple and a Red one. 2 of them take us above 11,000 USD soon. And the red one will take us down to around 6k. I've used Elliott Wave Theory and Trend based Fibonacci-tool to determine the waves. Just to make it clear - When we get more data we can and will adjust the wave structure.
Purple: This is the most bullish scenario. We here assume, that we not are done with the 1st EW. We will probably go to EMA100 and thereafter we will have our Wave 2-retracement. This is obviously the most preferable one, since we here can retrace outside the downtrend channel, and therefore we will also see more trust in the market.
Blue: We here assume we are done with the 1st EW, and now need a retracement. EW Theory guidelines suggest we need at least a 50 % retracement on the 2nd wave, which will take us down in the downtrend channel again. As you can see, at this very moment we are getting support from the Downtrend line which also is equal to 23,6 % retracement. This scenario is more likely to happen in the purple one.
Red: This will definitely happen if we get an Elliott Wave Failure, which means if we go under 7,200 USD we will also go down to around 6,000 USD. Normally we allow us self more than 50 % and up to 99,99 % retracement on the 2nd EW, but under these circumstances we don't want more than 61,8 %. It will create lack of trust in the market.
This will be super exciting to follow! I will give you updates.
D4 loves you <3
Remember to give a BIG LIKE - it means a lot to me - thanks in advance, friend :)
Comment:
Here are the Subwave-counts of the 1st Elliott Wave.
Comment:
We probably will go down to/under 8,000 USD so we can have at least a 38,2 % or 50 % retracement on the 2nd Elliott Wave (yellow circle).
A bearish MACD Cross is about to happen, and the RSI also shows us, that we probably have to go under 8,000 USD. I've told you many times to be aware of the big even numbers.
Everything will also match my blue scenario! the big question is if we can make a 3rd Elliott Wave going or if we will fall down under 7,200 USD and have an EW failure, which will take us down to 6k.
D4 Loves You! <3
Remember to GIVE A LIKE - Thanks a lot :)
A bearish MACD Cross is about to happen, and the RSI also shows us, that we probably have to go under 8,000 USD. I've told you many times to be aware of the big even numbers.
Everything will also match my blue scenario! the big question is if we can make a 3rd Elliott Wave going or if we will fall down under 7,200 USD and have an EW failure, which will take us down to 6k.
D4 Loves You! <3
Remember to GIVE A LIKE - Thanks a lot :)
Comment:
Sorry, wrong chart - here it is:
Comment:
So Bitcoin might be heading up to 9,000 USD. A bull flag is about to take form and opens up for the new purple scenario. Or a very small retrace on the blue scenario.
This is super exciting! I will follow up on this later
Remember to give a BIG LIKE for the updates <3
This is super exciting! I will follow up on this later
Remember to give a BIG LIKE for the updates <3
Comment:
So we managed to rise the flag to 8,700 USD. We are now at 8,540 USD, and have a last chance to go to 8,900-9,000 USD. As you can see a new bull flag has been formed.
BUT.. The bulls need to hold 8,500 for a while and exhaust the bears. If we go too much under, we need a bigger retrace, and we can start to adjust our Elliott Wave structure.
Exciting, Exciting! Remember to give a LIKE - TY, my friends <3
BUT.. The bulls need to hold 8,500 for a while and exhaust the bears. If we go too much under, we need a bigger retrace, and we can start to adjust our Elliott Wave structure.
Exciting, Exciting! Remember to give a LIKE - TY, my friends <3
Comment:
Hey friends <3
So we are still at 8,500 USD. As you can see, after the bull flag we now have an opportunity to go break out and up to 8,900-9,000 USD via the ascending triangle as long we stay inside the triangle and don't fall below 8,400 USD.
It seems like we have problems with going into the overbought zone on the RSI on most of the higher time frames, but if we take a look at the 4h we still have room to go up and hit 8,9xx USD.
I will keep you updated. Thank you for reading my post - please give a LIKE <3
So we are still at 8,500 USD. As you can see, after the bull flag we now have an opportunity to go break out and up to 8,900-9,000 USD via the ascending triangle as long we stay inside the triangle and don't fall below 8,400 USD.
It seems like we have problems with going into the overbought zone on the RSI on most of the higher time frames, but if we take a look at the 4h we still have room to go up and hit 8,9xx USD.
I will keep you updated. Thank you for reading my post - please give a LIKE <3
Comment:
HOPE, COME ON, a recovery is possible. Do you guys remember I made this chart for you some weeks ago. Psychology Of A Market Cycle! Every market is determined by people's feelings.
And at this very moment we are in the hope phase. what is characterized with this phase is, that people tend to change their feelings very quickly.
We are we are in a situation right now, if we just make one mistake and make some kind of EW failure on this new attempt to make 1-5 EW, we will be thrown down in the corrective pattern and down to 6k.
And at this very moment we are in the hope phase. what is characterized with this phase is, that people tend to change their feelings very quickly.
We are we are in a situation right now, if we just make one mistake and make some kind of EW failure on this new attempt to make 1-5 EW, we will be thrown down in the corrective pattern and down to 6k.
Comment:
Brutal fight at this very moment inside the ascending triangle! We are just under 8,600 USD - we have huge resistance there. If we manage to break that level, we should be able to ride the wave up to 8,9xx USD!
I will follow up on this later. TY for following me, guys <3
I will follow up on this later. TY for following me, guys <3
Comment:
The bears are trying to screw up the ascending triangle at this very moment. We are at 8,400 USD at this moment.
I will follow up on this later! Let's see if they manage to fxxx it up for the bulls.
I will follow up on this later! Let's see if they manage to fxxx it up for the bulls.
Comment:
We are down in 8,350 USD now. It's not a disaster guys, and I will explain why in my new chart. It's on the way!
Please give a LIKE... and stay tuned <3
Please give a LIKE... and stay tuned <3
Comment:
New Chart: OH! BITCOIN And The DISASTROUS Evening Star- Pattern Recognition
