Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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D4rkEnergY is back once again with another interesting update on Bitcoin - He is here to spread LOVE and WISDOM to the crypto community. He has been more precise hitting Bitcoin targets than a sniper - here was the latest BTC-Chart
But dont its over yet. We will go higher, and D4 will tell you why. First take a look at the Short vs Long indicator, and how many Shorts we have now. Its seems like everyone expect that we will go down now. And you now what that means - the opposite usually happens. The Shorts are hiding around 11.6k and 12k.
Our classical charting (our big ascending triangle our our steep uptrend followed by a pennant) allow us to go up there.
So here is what most likely will happen now
The whales will punish the Shorts and we will go up STRAIGHT away - that is they really want to be cruel to the Shorts. Is definiteley an option. Or we might we a smaller retracement (Notice smaller) inside my bigger triangle, so we keep making higher lows, and we will hereafter go up!
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I would appreciate a LIKE! Thanks, my friends!
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Stop Hunt, Stop Hunt and now the 3rd Stop Hunt!
The pattern is pretty clear here. Whales are pushing us higher, and now for the 3rd time we are getting a Stop Hunt in the other direction when we hit the upper trend line.
First we are slowly killing and eating the shorts when we are pushing forward, and then a quick stop hunt in the other direction. Whales are optimizing the profit this way.
The story the chart is telling me, is extremely bullish, and nothing has changed since 5k USD. Its obviously hard to figure exactly when the Whales are making the Stop Hunts down.
But that doesnt really matter for us. We will continue with our plan. We will continue to swim with the whales.
BTC-dominance is now 60%, and as I see it, it will continue higher, so we will still focus primarily on BTC.
Nothing has changed. Im still convinved we will go above 11.6k USD and to around 12k USD - now we will just take a small detour first.
Please give a LIKE and I will reveal the bigger picture for you, and how we most likely will move!
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The Whales are playing it to perfection. Must give them credit for that. Thats also why Im telling you, and why I always tell you, that the best thing you can do is to swim with the whales.
It obviously requires you have a high interpersonal intelligence, so you are able to put your self, in their shoes. We can also call it empathy. Trading is not just about having a logical-mathematical intelligence, whis obviously are needed hence you must be good at patter recoqnition and reasoning.
You can be a good trader, and win money, and you can be an excellent trader, AND if you dont have that psychological skill set, you will never get there.
As you can, we are still inside what looks to me like a 5th wave ending diagonal on the Primary 3rd wave, BUT we are also still inside the little upchannel, which still allow us to go straight up. But after that Stop Hunt I find it less, likely and we will most likely go down to wave 4.
I hope you like the content. If you do please, give a like. It motivates me do do this free service for you guys.
Thanks in advance.
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HUGE Fight at the moment. This is insanity. We are back to the good old days. Even D4 is impressed with the whales trying to go through 11.6K USD right now...
I will follow up..
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And now it starts. Whales have managed to go through 11,600 USD, and the Short killing has begun!
What do you think about our theory? 20K in the middle of July is possible!
weslad
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Nice spot mate, good job on the rising market. So lovely, I have this huge channel to share guys, its target pointing at 20,000usd and more. Better days are ahead guys.
Jocoin
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Nailed it again! 10800/11200 strong support for due correction
Since i decided to publish my ideas 2 weeks ago to help others because i thought its the time for btc and i am really impressed for how accurate they are one after another.
And now like i said many times before that we are in strong wave 3 since from 7800 this wave should take a break between 12/12500
Now btc hit 12900
I also published another idea for classic bearish div on daily which is going to confirm the break and retrace for a bout a week range
But i still calling for the strong support according to my previous idea between 10600/10800 and 11000/11200 area is going to be the area from where btc should not break it after we hit 12/12500 and this is very important to resume climbing towards previous ATH at least for now and if it didn't happen expect the blood
Just in case we got the reverse I expect the behavior for next wave to be similar to the last one from 7800 or even sharper.
Hope this help
Original idea:
cryptohopper
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Bitcoin completely ignored the key resistance at $11,500. Things to take into account for future price movements:
SpartaBTC
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people are blinded by growth.
Yes, the uptrend is very strong, we trade according to the trend
But if Bitcoin unfolds, the fall will also be very strong
weslad
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Hey guys flash back to my analysis I called 12k level first, here we are almost there.
TradingSafely
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Great Call! We reached you target!
We are up 48% on the corn since last long signal!
Jocoin
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Jocoin
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After 7800 bullish hidden div spotted perfectly on 1,2d chart 2 weeks ago now its time for classic bearish div on daily confirming rally pause at 12/12500 area in a matter of few days
but at same time this is going to be a healthy correction not a crash like everyone calling and the bullish trend will resume in only one condition which is not breaking 10600/11000 area must stand for reversal by all means. I hope this helps.