D4rkEnergY
Long

Understand Why BITCOIN-Bulls Have The Upper Hand - Next Stop 14k

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
I will here argue why Bitcoin most likely will go to 14,000 USD. Remember this is trading, so we cannot be sure of anything, and its all about probabilities.

I had this scenario for a couple of days. I will not use Elliott Waves , even though we get the same result: A WXY parttern or Double Three. lI will go back to Classical Charting, and I will tell you, why the Bulls have the upper hand. We just had a good close here on the 8 hour and a decent on the 4 hour.

As you can see we are inside a big neutral triangle, BUT the formation is more Bullish than Bearish though.

Short term we are fighting with resistance around 11,4k USD. The bulls need to go up, so they dont get caught in the HS Formation with the 2 yellow rectangles, which acts as shoulders.

But as long as we keep making Higher Lows, we will eventually make an ascending triangle , which will take us up to 11,6k, where we have resistance from the big triangle.

But suddenly the big inverse HS pattern is in play, which most likely will take us further up. If we measure the distance from the Head to the neckline, and hereafter apply it on the right shoulder we will hit 14,000 USD!

Here you go - And Remember That LIKE!

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Comment: Ill show you the danger, which instantly will ruin this pattern, and it is IF the bears are getting luck to form this Neckline, and we fail to make Higer Lows. Then this ugly HS Pattern will be in play.

Comment: This candle here is Super important. So far the bulls have won the battle. But the danger is in this potential HS Formation, which could take us directly down.

But so far, as you can see, we are still making a beautiful Higher Low. And everything is good.

Comment: Bitcoin Bulls are fighting right now. This candle here has completed the right shoulder, and this means danger. Lets see.

Comment: Admitted its not easy. This illustrates, once again, how tricky those 4th waves are. Suddenly everything looked like the bulls had to give up after the smaller HS Formation was formed, but BOOM we jumped up in safetly!

A very important thing I have learned is to stick to my trade, and not suddenly cancel. I have been Long since 10.9k.

And we got rewarded for that here! Its looking really promising now.

Comment: BULLS-alarm. Will this Steep uptrend followed by a Flag and pennant take us to 12,100 USD!? That is very likely.

Comment: Yees. Come on Bulls. Puuuuuush!

Comment: Beautiful. And beautiful close on the 4 hour. Now watch that flag pole rise and take us to 12k and above. And hereafter we get help from the inverse HS pattern, which will take us further up.

And please remember that LIKE. Thats make me happy. TY.

Lol. No one is sure except my when are sure. You probably fomoed at 13k now hoping for a 14k target. I’m just waiting for my 7.8k target to hit for now. Enjoy
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"Beautiful. And beautiful close on the 4 hour. Now watch that flag pole rise and take us to 12k and above"

LOL, Dark's mastery of the markets strikes again!!!
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Now he can’t be sure of anything but a week ago he was the master and knew everything. I stopped reading before I really even got started. Jokey
+3 Reply
Drop the TA and signal groups. All you need to win is use my BOSS QUANTUM GRAIL Indicator
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@D4rkEnergY Nice chart brotha similar outlook!
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I think there are too many corrections to be made before hitting towards 14k.
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Dark Charges too much to be a subscriber but is right more than wrong which is better than most the TA people on TV. My opinion. I don’t mind him being cocky specially when he donates some free ideas us poor people can check out for free. We do well enough we will start to pay.
+3 Reply
D4rkEnergY Johnleland24
@Johnleland24, Thank you, my friend. Im happy you say that.

I dont agree that it is expensive though. Expensive is relative, so we can of course discuss this form now till the end of the world. But we document all our trades, and we have a really high ROI, why our customers are getting back their investment after a trade or 2.
+1 Reply
obzerv D4rkEnergY
@D4rkEnergY, If your so good at trading why can't you live off that alone without trying to get people to subscribe to your service. I just don't get it. Please enlighten me, are you just greedy af or what?
+5 Reply
@obzerv, Most VERY successful people have at least 7 streams of income...and most of those do things to help others to reach their goals. HOWEVER, as we see with so many things in our society... If you give someone something for free (welfare for example) they just keep wanting to get stuff for free and don't have any "skin" in the game to do something with that "free" item. Charging a subscription is just another stream of income and a way to help people get some "skin" in the game...should they want to help themselves. Unsuccessful people, judge, criticize, mock...mostly because they just exist in the world watching (unhappily) instead of getting some "skin" in the game. Just my own opinion.
+4 Reply
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