Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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D4rkEnergY is back again with more Love and Wisdom. That is his mission - to spread love and wisdom to the crypto community. Lets jump right into it, and see what is going on, at this very moment!
Here is the XBTUSD 1H Chart
Look at the Bulls, they are big, they are strong and they have been fighting hard. The MACD tells us though, that have taken it easy during the consolidation in the neutral triangle, which is neither a bearish nor a bullish structure per definition.
But don't think, that the bears have a chance. Cause while the bulls were lacking momentum, they had the bears in a hard arm lock. When we come from an uptrend, there are a bigger chance, that we will continue up after.
The Risk for going under 10,000 USD Again?
We have to be aware of, that there obviously are a risk that we will go below 10,000 USD. But D4 does not think its the most likely scenario. The reason is, that the whales and exchanges will help the bulls to stav above. Take a look at the LONG wicks. It tells us, that the bulls are buying up instantly after the poor bears are trying to push the price lower.
But just have in mind, that there are a risk we will see a qucik move down below 10k and then up again. A Stop Hunt. If it happens it will happen very quickly then. But this scenario is less likely.
More Shorts than Longs Again
Once again we can see that we have more shorts than longs. In my opinion its simply investors, who are so Emotionally Attached, and have a hard time dealing with the fact that they sold their BTC at 5k USD. They will not give up, even though the bigger trend, are telling us, that we wil go up.
So here is my adivice to you: Dont ever get emotionally attached to a specific coin or to a price point you bough the coin to. Forget about it. Move on, dont hope, look at the TA objectively!
With Love From D4
PS. Please give a LIKE, it would make D4 happy!
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Huge Fight! After taking a nap, the BULLS have waken up, and are ready to FIGHT the bears. We already passed important EMAs as 8 and 20, and are not fighting with red rectangle resistance, which is the hardest.
We need to go thorugh here, and then it will be fun!
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Look at the volume
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Sorry. Look at the volume. The bulls mean this is serious business. We will most likely go through very soon!
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BREAK OUT Alarm... There we go! 10761 USD.. I will reveal to you how high we will cause you guys are my friend!!
From 11,200-11,659 USD!!
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BITCOIN will soon make a SPIKE. Look at that steep uptrend followed by a PENNANT. Wait and see, how we will go up fast soon.
D4
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The pennant didnt seem to be valid.
Triangles usually consist of the following waves, ABCDE, which each consist of 3 sub waves. I got confused by the huge 1,000 USD stop hunt we had earlier, why I though we would go up before.
It seems therefore now, that we need one more wave down, before we will go up. Thats ok, both our trades ended in nice profit, and we are ready to buy in again at the end of the E-wave. So you should buy around the yellow spot.
Just be aware of, that E-waves always are tricky. They are allowed to go above, below or hit exactly the AC-line.
And remember if you appreciate the content to give a LIKE. It motives and makes me happy :)
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Here you can see how tricky the E-wave is. We took off before time. We reached 11,040, but the bears pushed us down. We made some money again hitting 1st target.
Something is telling me, that this Triangle might be bigger and prolonged.
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11,100! Once again D4rkEnergY has shown his skills for you guys. I hope you have made money on all his calls lately. Every single one of the have been correct.
I have a question for you? How high do you think we will go? I will reveal it for you if you write a comment and give me a LIKE!
That is bait... hehe. But DAMN guys, we are really killing it lately!!
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Bulls keep going! We are doing a GREAT job, and once again we are making money! Let me know you have made some money on my call lately.
It would make me happy to hear!
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My chart simply speaks for it self, but take a look at the weekly chart here. This is A STRONG chart guys. Look at the last 2 candles - and what about the volume. We are witnessing an even crazier bullrun than in 2017.
Everytimes the bears are trying to push us down bulls are simply buying up instantly. Im convinced we will see a New All Time High here in 2019!
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The Update is HERE: Bears Are Begging Whales for Help, But BTC-Bulls Play it Wise!
That all make sense, but don't you think it's about the time for a serious correction before we continue up? Or not yet?
D4rkEnergY
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@elaza, If you take a look at my WEEKLY Chart you can see, that we can very well continue up without having a huge correction!
milanjelic
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Incorrect Belgia.
Bitcoin gained nearly 400% from the very bottom 3156 USDT on Binance.
Now, after several attempts to break levels and succeeding to do so,
we are approaching second time to the main resistance zone 11700$.
That is the point which can't be crossed in a single breathe.
As pushes towards 11700$, will experience huge pressure on that level, therefore, 11.700$ is mathematically justified peak.
Bitcoin will behave like " BTC attempts to make higher high and drop " then rebound from 9300$ range.
We've seen nice reaction of support levels, starting from 5200$ onwards time has come for bigger more significant correction in range 30%.
Walls aren't spoofed, price action went parabolic, but will experience declination.
However, now, we are in very specific and non optimistic Bitcoin scenario (temporary strong bearish ), then further push which will trigger alts and allow them to grow.
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Technically everything described above is justified and not just wishful thinking.
We do need reaction of 8500-8800 support level in order for Bitcoin to " measure" the "channel".
Good luck and happy earnings .
Everyone fallowing my trade knows that i don't provide disclaimer since i'm not fake.
Things do delay, but they always manifest as forseen.
Regards.
TradeIndicators
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Bulls win again! This does not look to be slowing down. We are going sideways on the 4hr but it looks like momentum is going to push past resistance.
We're using the Martin Trend Trader indicator and up 36.50% right now and holding until the stop loss is hit. Let's see if we can break red resistance.
cryptohopper
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BTC broke VERY heavily $10,00 and now have put its eyes on $11,500, the next key level: