I argued yesterday for, why there is a 70% chance for, we will experience a Parabolic Bull Run, which you can read here.
D4 is now doing something he never does. He shares some of his best signals with you guys. Normaly its only HIS FAMILY that gets the very best, but sometimes you also need to give back to the people who...
I have argued for a 70 % chance for a Parabolic Bull Run - And I we will get it. But what most people dont know is, whats gonna happen now...
And you will all be surprised. We will most likely NOT go directly up right now - we will drop, and make what I believe is a Flat 335 Structure. But not only that - It will hurt much more.
People are talking about 7,700...
There is a 70 % Chance that we will see a Parabolic Bull Run like we saw it 2017 within a month - Not even that: This time it will most likely be even more crazy. Its a fact, that already now, we have been going steeper and faster than before.
EVIDENCE
1. Price Volume Trend Convergence
2. Bullish Volume Record
3. Global Bullish Market Sentiment (has decreased...
Good morning traders. As mentioned yesterday, price did bounce off the drop through the bottom of the diamond. Will it continue higher? Short TF looks like price may have printed a double bottom which would provide a short term target of around $7980 if we can get a close above $7830/40. This would take price to the top of the local TR once more after printing,...
BTC 1H:
· Trendline breakout confirmed with a pullback
· First target set at 7600 (marked in green)
· Huge gap on CME futures around 7200
If on the other hand, bitcoin price surpasses 8400 it will most likely continue the rally to 9,5-10k
There's a scalp to the downside on the 1h chart that implies the bull flag is about to have a downward break. Net expansion to the downside with a clean wave PM cross determines the direction of the flag break before it happens.
However, the 4h LOXP 220 still defines trend as up. If on the 4h chart price enters the purple band, it will trend to that 220 MA. ...
The range still tightens and the mean reversion pivots are still respected. The best scenario is either trend continuation or mean reversion, and thankfully the pivots for both are well defined.
Our Bitcoin Gravity Indicator is once again prediction another retracement move to $7150 +- levels.
This indicator has had a success rate of > 90%
When it told us a move to $6300 was imminent a week ago, very few believed us.
Check it out for yourself:
Seems to be a key level, expecting us to consolidate within that range. Yes, it's big, but as long as we keep making higher lows we're good. Will probably only know if we hold this uptrend after a dump on a bigger time frame and see if it makes new lows or not. Think Bitcoin is in an uptrend so, just following the trend here. Expect shenanigans within that box....
So far no follow through to break out of 8400. Break and close above here - then its game on again to target $9500.
Currently chopping around in Bart land, and expecting more of the same though.
Expecting CME to be filled, and a clear Liquidity gap down further below. I expect low $7k to be tapped...but...the question I have is will the market allow $6k entries...
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