Lets jump right into it - we dont have time to waste, because you might once again be caught by the whales. D4rkEnergY is the master when it comes to Market Psychology, and have warned you many times before, when there were risk of being Stop Hunted.
Let me start to say, that Bitcoin is extremely bullish if we zoom out, and take a look at the Daily or Weekly chart. BTC is in a Bull Market, and your job is to spot where its likely we will have a pull back, so you can buy the dips.
Let me also stress, that it is likely, that we will go down right away to my ORANGE Trend line - but this post serve the purpose to give you an idea about another very likely scenario, which will be the optimal Whale Play.
335 Irregular/Running Flat ABC Correction
This correction is not unlikely, and we have seen it play out before - not long time ago - on the 4th wave in the extrension inside the 3rd wave extension.
Take a look at the Long vs Short indicator. We have a huge disproportion between Longs vs Shorts, which give the whales a good incentive to go up straight away. In this correction we will go ABOVE the 3rd wave (123.6% of wave), which will kill tons of Shorts. Hereafter we will go down again, which then will kill all the Longs who believe that this an impulse wave.
And lastly the Shorts will once again be fooled, when we make a super short retracement on C (61.8% of AB), which is normal in an irregular/running flat ABC correction.
I hope it helped you. Please be aware of this likely scenario - and remember that LIKE!
- D4 Loves You! <3
Let me start to say, that Bitcoin is extremely bullish if we zoom out, and take a look at the Daily or Weekly chart. BTC is in a Bull Market, and your job is to spot where its likely we will have a pull back, so you can buy the dips.
Let me also stress, that it is likely, that we will go down right away to my ORANGE Trend line - but this post serve the purpose to give you an idea about another very likely scenario, which will be the optimal Whale Play.
335 Irregular/Running Flat ABC Correction
This correction is not unlikely, and we have seen it play out before - not long time ago - on the 4th wave in the extrension inside the 3rd wave extension.
Take a look at the Long vs Short indicator. We have a huge disproportion between Longs vs Shorts, which give the whales a good incentive to go up straight away. In this correction we will go ABOVE the 3rd wave (123.6% of wave), which will kill tons of Shorts. Hereafter we will go down again, which then will kill all the Longs who believe that this an impulse wave.
And lastly the Shorts will once again be fooled, when we make a super short retracement on C (61.8% of AB), which is normal in an irregular/running flat ABC correction.
I hope it helped you. Please be aware of this likely scenario - and remember that LIKE!
- D4 Loves You! <3
Comment:
Look at that move from the whales. Nice push above 12,100 USD. We went from a pretty bearish short term structure at 11,500 USD, where we were caught in a bear flag, and now the bulls are having a nice comeback, and suddenly the Whale scenario looks more and more valid.
You really need to know what you are doing, cause its very easy to be caught. D4 is here for you. He is here to help you - to spread Love and Wisdom to the community.
He is here for you - and please remember that like!
You really need to know what you are doing, cause its very easy to be caught. D4 is here for you. He is here to help you - to spread Love and Wisdom to the community.
He is here for you - and please remember that like!
Comment:
Super important break! Sneaky bulls are not giving up - If we go higher we will invalidate the ABC-scenario, where we are on the C-wave right now, which potentially could us take us to 9,300 USD.
So its really important for the bulls to go higher now!
So its really important for the bulls to go higher now!
Comment:
Bulls attacking the bears again.
Comment:
And here you can see, how we are getting closer at invalidating this bearish scenario. But we need to go above 12.5k.
And here you can see, how we are getting closer at invalidating this bearish scenario. But we need to go above 12.5k.
Comment:
So we are really having a lot of uncertainty with Bitcoin short term. We have a hard time staying above 12,000 USD - Every time we go higher we drop down - its not really a surprise to me.
The reason is, that structure it self is more bearish than bullish IF we dont put the Whales in to the equation. So imagine there were no whales, we would most likely go down.
Under normal circumstances, and because we went up so fast, it would be healthy to go to 9,300-9,400 USD, and that is also why you see a lot of other traders talking about this price point.
So far we are still swimming with the whales, and believe its more likely that we will go up than down.
The reason is, that structure it self is more bearish than bullish IF we dont put the Whales in to the equation. So imagine there were no whales, we would most likely go down.
Under normal circumstances, and because we went up so fast, it would be healthy to go to 9,300-9,400 USD, and that is also why you see a lot of other traders talking about this price point.
So far we are still swimming with the whales, and believe its more likely that we will go up than down.
Comment:
Manipulation Detected. Take a look at Long Vs Short indicator. All the Shorts are suddenly gone.
Last time that happened we dropped pretty hard. Ouch. Dirty whales.
Last time that happened we dropped pretty hard. Ouch. Dirty whales.
Also notice what happened last time when we had huge gap between Longs and Shorts. We went up..