BITCOIN Weekly: Bitcoin Has NEVER Been More BULLISH Than Now!
Therefore: Here is the Weekly Chart
Bullish, , ...
- Momentum (greed) is once again increasing
- shows strength, AND allow us to take us higher WITHOUT having any bigger retracement.
-Volume is AGAIN increasing, and even though its only Saturday, we are already 33% higher than the MA20 .
- We have THE Strongest candle (The ) - almost. We have a tiny wick on the body. The candle for the week isnt closed though. But if we manage to close it tomorrow around here, we are flying.
- I have drawn the most important Resistance Levels for you.
-Clearance. Notice that after 11,639 USD, we have clearance, which basically means, that not a lot of trades are made in this area compared to at other price points, WHY we easier that we will go up hence the lack of resistance.
It pretty much speaks for it self. We are not just talking . This is Uber .
With Love From D4rkEnergY
PS. If you havent yet seen my interwiew with TradingView, you can find it here. https://www.tradingview.com/shows/crypto...
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First the ascending triangle took us above 10,000 USD with help from whales and exchanges. Before that, a steep uptrend and a pennant, helped us all the way to 11k.
And THEN suddenly a 1,000 USD Stop Hunt in less than a minute. BUT did you notice how hast the bulls were to buy up.
The bulls are still determined, and I think the descending wedge will take us further up, as illustrated on the chart.
Lets say - Remember LOVE and Wisdom is the most important thing in life. So spread some love. It makes me happy, and I will keep you updated!
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Come on guys - Lets do it together!!
The one I showed you above this post. And then a 335 Expanded Flat ABC structure, which will mean we have one more wave down, before we will go up again!
Good Luck, once again!
-When you come from an uptrend, and go in to a neutral triangle, there are a bigger chance, that we will break to the upside.
- Because of the long wich below the body, shows that the bulls are super stong, an buy up instantly when the bears try to push the price lower.
-It has structure as a Head and Shoulder. We have a big right shoulder, which makes this structure LESS bearish
-Inside the neutral triangle, we have a descending triangle, which is the neckline of the HS.
Everything taken into consideration, I think there are a bigger chance that we will break up. Its very hard to say, but I choose to put a lot of weight on the strong and instant buy backs (long wicks) we see from the bulls.
But lets see!
I have counted the Elliott Waves for you, and it seems like it really fits with Scenario 2, why we should go up right now. We MIGHT go down and have the same lenght at te A-wave, or we can in fact go up already now, and then continue our journey towards 11,600 USD.
Look at this from the bright side. We ARE in a BULL MARKET. Every time the price goes lower like this, we just get an opportunity to buy BITCOIN with a discount.
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If we can close this candle here, it looks really good!
MACD shows still enourmeous amount of greed, and its increasing.
We prefereably want to close at least in 10,500 USD area, but I think it will be higher. And if THAT is the case, I dont know what.
We are serioulsy talking about a New All Time High, as I also mentioned in my interview with TradingView.