Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Dear Friends!
It's not any secret, that D4rkEnergY was the first to call a Bull Market. Already February 5th I did spot the accumulation-phase, and told you when we would escape the Trading Range.
On Twitter 2 weeks ago, when everyone was bearish, I told you, that we soon would enter a Bull Market.
Enough about how good I am, and let's instead take a look at the 2H XBTUSD Chart. Let me just start put it out there: Bears don't stand any chance at this very moment! THE only thing that can save you bears is IF the big spike we had was manipulation.
BULLISH SIGNS:
- We have escaped the down trendline - Since December 15th where our uptrend started we have had increasing volume. We also call that Price/Volume Trend Convergence, which basically means that is supports the ongoing trend. - Bullish Momentum is huge - Increasing Global Market Cap and Volume , which tells us that the Market Sentiment is bullish
Let's take a look at the TA. Even though I have been bullish and been LONG since 4,800 USD, I must agree that, I have had a hard time to figure out this 4th wave correction.
I've spent a bit more time on my Elliott Waves, and have now come to the result you can see above, which also is the most likely scenario. What we have here is is a Primary 1-5 Structure (in blue), but where we have an EXTENSION (in orange) inside the 3rd Wave.
We are now in the process of making the 4th wave in orange. And as I mentioned before, right now it's pretty hard to determine what kind of a correction we would see - I tried yesterday but it didn't work out that well.
But I now see 2 options:
1. A triangle correction which we also label ABCDE 2. Or some kind of WXY with a Flat Structure first
I promise to keep you updated, when we get more info!
D4 is here for you <3
And as always - I would be SUPER HAPPY if you gave me a LIKE - Thanks in advance!
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Let's take a closer look at the correction - it seems to me that we will be going up now. Volume is declining in a downtrend, and we are inside a descending wedge.
We should therefore see a move up very soon.
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Boom! We are moving..
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We should be able to get that bull flag as I see it - sooner or later. Bullish momentum is building up, bullish volume is increasing, but we have some hard resistance above us.
But let's see.
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Boom! Once again - The bulls are fighting. It's a tough match - we have increased with 20 USD and about to make that bull flag, but as I told you, we have hard resistance just above us.
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BEAUTIFUL! Flaaaag - GO BULLS!!
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We went up exactly to the top of my flag pole and stopped at B. There is a good chance, that this correction could be a Triangle ABCDE.
Bulls are in perfect shape so far!
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Still going according to the plan - we are moving inside the triangle correction. We are now heading for C.
Remember that there are ONLY 3 subwaves between every wave. So far so good :)
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So far everything is going as planned - you can see how we not hit minor B :)
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Warning! Looking at the chart we might have another scenario instead of the ABCDE and that is a SUDDEN SPIKE up very soon!!
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Scenario 2 is still not dead - could also be a bull flag that will take us up with a sudden spike.
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Are we gonna see that bull rise flag? Will it be scenario 2?
wasn't this the dude who called short at 4.2k? and u say sorry bears? are you even trading your own calls LOL
Copec
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I think I can just bet against your tradingview articles. I think I can make alot of money this way. Please keep up the good work lmao
lamboluvr
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Ahh, you changed your mind now? Didn't you state in a previous post that BTC wasn't going to break out but going down? Now you're with everyone and saying it's going up. I wonder how hard you were rekt when you thought BTC's breakout is to the downside instead of the upside, days ago.
UNWOUND
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I have told you for years that your TA is not worth watching or paying attn. to. You have been gone for months because you were in the wrong field. Now you see a push UP and want to ride that for a while. Quit posting this junk. VIP memeberships are for the NEW and unlearned.
noideaihave
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If you reading these write up then good luck to you. It’s childish.
Logik_
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Gotta calm down with talking in the third person... lol