A Beautiful BITCOIN Chart - WIll D4 Be Right This Time??
Dear Friends And Followers!
D4rkEnergY can be arrogant and cocky! He knows. He has been right almost every single time the last couple of weeks, but the last 2 BTC-charts were wrong. -And don't get him wrong. He will admit when he isn't right - that is part of trading!
Let's jump in and take a look at this 4H BTCUSD Chart - It's pretty interesting in fact.
We are most likely on the 4th Elliott Wave Retracement and are in the process of an ABC-correction.
A-Wave: Leading Diagonal (33333)
B-Wave: Zig-Zag Structure.
C-Wave: Always consist of 5 Waves (as you can see if we look at it from a classical charting point of view, we should soon go up according to the descending wedge we are in)
This whole ABC-structure is a Zig-Zag (535) Structure. According to Elliott Wave Theory and Fibonacci Ratio Relationship we have some rules, which match my prediction so far:
- The B Wave is 85.4% of wave A, which is allowed.
How Do We Find The Target:
- The C-Wave has to be at least 61.8% of wave A, which should shoot us up in 4,235 USD, which once again also match price resistance and looking at the Volume Profile.
I promise to update you shortly if/when we have confirmation on a 1st sub wave on C!
I hope you liked the content - please leave a LIKE!
-D4 <3
D4rkEnergY can be arrogant and cocky! He knows. He has been right almost every single time the last couple of weeks, but the last 2 BTC-charts were wrong. -And don't get him wrong. He will admit when he isn't right - that is part of trading!
Let's jump in and take a look at this 4H BTCUSD Chart - It's pretty interesting in fact.
We are most likely on the 4th Elliott Wave Retracement and are in the process of an ABC-correction.
A-Wave: Leading Diagonal (33333)
B-Wave: Zig-Zag Structure.
C-Wave: Always consist of 5 Waves (as you can see if we look at it from a classical charting point of view, we should soon go up according to the descending wedge we are in)
This whole ABC-structure is a Zig-Zag (535) Structure. According to Elliott Wave Theory and Fibonacci Ratio Relationship we have some rules, which match my prediction so far:
- The B Wave is 85.4% of wave A, which is allowed.
How Do We Find The Target:
- The C-Wave has to be at least 61.8% of wave A, which should shoot us up in 4,235 USD, which once again also match price resistance and looking at the Volume Profile.
I promise to update you shortly if/when we have confirmation on a 1st sub wave on C!
I hope you liked the content - please leave a LIKE!
-D4 <3
Comment:
Just to give you an overview, so you can see where on the chart we are, and how the waves correlate.
Comment:
Good time to buy no matter what scenarios it should be!!
Comment:
We are dropping like crazy - but both our scenarios are still in play! It's kind of depressing at the moment - I agree.
This is what the pros want though. Get rid of all retail investors, before they can buy cheap up and create a new hype!!
This is what the pros want though. Get rid of all retail investors, before they can buy cheap up and create a new hype!!
Comment:
Keep an eye on the descending wedge! If/when we break out from it you can go LONG and we will go to at least 3960 USD
