So the Bulls are losing momentum - no doubt about that. The price movement tells us that, but also the MACD. You can see, how a Bearish MACD Cross just happened.
But this is in fact pretty normal in consolidation phases and on 4th waves. So even though it looks scary at first sight, it doesnt mean that the bulls are not there. Their job is basically just to secure we dont retrace more than 38.2%, and so far the bulls have succeeded.
So the bears HAVE to go down pretty quickly, and break that Flat pattern. Otherwise we will see the bull flag rise, which we obviously are hoping hence we are LONG.
Lets See!
D4
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But this is in fact pretty normal in consolidation phases and on 4th waves. So even though it looks scary at first sight, it doesnt mean that the bulls are not there. Their job is basically just to secure we dont retrace more than 38.2%, and so far the bulls have succeeded.
So the bears HAVE to go down pretty quickly, and break that Flat pattern. Otherwise we will see the bull flag rise, which we obviously are hoping hence we are LONG.
Lets See!
D4
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Comment:
D4rkEnergY will be on TradingViews's new TV Show!
I just got an invite from @RobertBeadles , who are host on TradingViews new show -TradingView Sessions-
They bring on the best traders to explain their TA Approach. I will also talk about Market Psychology.
Friday It Is!
I just got an invite from @RobertBeadles , who are host on TradingViews new show -TradingView Sessions-
They bring on the best traders to explain their TA Approach. I will also talk about Market Psychology.
Friday It Is!
Comment:
4th Waves can be very hard, cause they often often are complex corrctive waves. Where the 2nd wave is more simple. So often you can get a combination on a combination ON an COMBINATION.
For me now this looks like a WXY and we could very well go up now, why I also made this signal new signal for OUR FAMILY.
BUT we might also get another combination.
We will Go to 10,000 USD
I told you before, that from a Market Psychology standpoint, there is a 80 % chance we will go to 10,000 USD and above.
The reason is that we now are so close, and havent seen any real bearish selling pressure. It tells us, that people are still expecting more from this rally.
So the Whales and Smart Money who have bought and accumulated since 3000 USD, will be on our side, and do what they can to go that high to get the main stream media to talk about it, and get new comers into the market and buy on the 5th Wave.
So whales and Smart Money will be on our side.
For me now this looks like a WXY and we could very well go up now, why I also made this signal new signal for OUR FAMILY.
BUT we might also get another combination.
We will Go to 10,000 USD
I told you before, that from a Market Psychology standpoint, there is a 80 % chance we will go to 10,000 USD and above.
The reason is that we now are so close, and havent seen any real bearish selling pressure. It tells us, that people are still expecting more from this rally.
So the Whales and Smart Money who have bought and accumulated since 3000 USD, will be on our side, and do what they can to go that high to get the main stream media to talk about it, and get new comers into the market and buy on the 5th Wave.
So whales and Smart Money will be on our side.
Comment:
Our Familys Signal is looking Really Good now! This definitely looks like an impuse wave up. The RSI is showing strenght. We have good volume. Alse the greed is coming back from the bulls!
MACD - Look at the histogram and soon we will have a Bullish MACD Cross.
This should be the 4th subwave on the first, which will bring us up to 10,000 USD-
It COULD also still be part of consolidation, but the above mentioned scenario is more likely.
Go bulls!!
MACD - Look at the histogram and soon we will have a Bullish MACD Cross.
This should be the 4th subwave on the first, which will bring us up to 10,000 USD-
It COULD also still be part of consolidation, but the above mentioned scenario is more likely.
Go bulls!!
So har the bears havent had ANY luck in destroy the bull flag, so it should happen very soon where the bulls will take over, and just push the price higher. And the bears dont stand a chance.