Fearful Bitcoin-Bulls Retreat After Intense Fighting - Now What?
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Good Evening, my friends! :)
D4rkEnergY is live from Seoul - 2 AM - with another Bitcoin update for you guys! I have been long the last 3 days, and Bitcoin has also gone up. I warned you about exactly 8,640 USD, which IMO was a really crucial hurdle to go through. We got rejected 2 times really hard at around 8,635 USD. The fearful bulls had to retreat after intense fighting with the big brown and greedy bears.
First of all, let me stress, that I'm still super bullish on Bitcoin mid-term. When many people were calling 7,200 USD, I told you, that we probably would be surprised and get a reversal before. And I'm still convinced, that we very soon will go into a bull market.
As it looks now we probably have to take detour though. Yesterday I mentioned a possible WXY-combination pattern if we got rejected at 8,640 USD - and it seems like we have to go lower now before we can try another attempt to go into a reversal.
Please pay attention to the Hidden Bearish Divergence on both MACD and RSI, which is a continuation pattern, which predicts we will continue lower. Also a Bearish MACD-cross is on its way. It means that the bulls have lost their momentum.
So as you can see we have 2 scenarios. A bullish 20 % scenario, which means that we have to sideways for a while, and with some kind of help from whales we might make some kind of spike - have seen something like that lately with similar patterns.
I'm 80 % bearish at this moment, which means, that we will go through the dotted uptrend line eventually, and then down in the green box around 8,070- 7,560 USD- Most likely in the 7,750-7,650 USD area.
Hereafter we can expect an uptrend again - I promise to keep you updated!
D4 Loves You <3
As always: If you like what I'm doing please give a LIKE - It is much appreciated :)
D4rkEnergY is live from Seoul - 2 AM - with another Bitcoin update for you guys! I have been long the last 3 days, and Bitcoin has also gone up. I warned you about exactly 8,640 USD, which IMO was a really crucial hurdle to go through. We got rejected 2 times really hard at around 8,635 USD. The fearful bulls had to retreat after intense fighting with the big brown and greedy bears.
First of all, let me stress, that I'm still super bullish on Bitcoin mid-term. When many people were calling 7,200 USD, I told you, that we probably would be surprised and get a reversal before. And I'm still convinced, that we very soon will go into a bull market.
As it looks now we probably have to take detour though. Yesterday I mentioned a possible WXY-combination pattern if we got rejected at 8,640 USD - and it seems like we have to go lower now before we can try another attempt to go into a reversal.
Please pay attention to the Hidden Bearish Divergence on both MACD and RSI, which is a continuation pattern, which predicts we will continue lower. Also a Bearish MACD-cross is on its way. It means that the bulls have lost their momentum.
So as you can see we have 2 scenarios. A bullish 20 % scenario, which means that we have to sideways for a while, and with some kind of help from whales we might make some kind of spike - have seen something like that lately with similar patterns.
I'm 80 % bearish at this moment, which means, that we will go through the dotted uptrend line eventually, and then down in the green box around 8,070- 7,560 USD- Most likely in the 7,750-7,650 USD area.
Hereafter we can expect an uptrend again - I promise to keep you updated!
D4 Loves You <3
As always: If you like what I'm doing please give a LIKE - It is much appreciated :)
Nota
Bulls has accepted the defeat, and as you can see we are heading lower. We need 5 waves down. Green box is still our target so far!D4 <3
Nota
Good morning guys! So far we are still following the path and my waves down to the green box! I've seen other people talk about 3,000 USD. This is very unlikely. Don't let you scare. For now now it seems that we have to go lower than 8,000 USD. The reason is simple. We tried just under, I didn't' work - now have to go a bit lower to get that long jump and more bullish momentum and buyers to support the next reversal attempt!
D4 <3
Thanks for following me and the continuously support - Thanks for being part of this!
Nota
As you can see from a classical charting point of view, we are now also caught in a big head and shoulder pattern, which will most likely take us further down! We still need to make a right shoulder, so you can probably expect that we will up a bit before we will continue down towards my green box!
D4 <3
Feel free to leave a like! Much appreciated.
Nota
Right shoulder is formed, and we continue to drop lower, as predicted. Green box is still our target!D4 <3
Nota
Also notice that the right shoulder is broken and weak, which usually predicts that we will fall even deeper!Nota
Here are our waves! YOu can expect this to happen - that is the most likely scenario at the moment.Nota
On a serious note: I almost never look in the comments anymore - It's a bit sad that TradingView has turned out that way. Same haters in here every single day writing same stuff. Its a fact I have been right every single day since I came back, and they will still claim I'm wrong or say something lame like: I just do the opposite, and I win.
Its a pity, cause it could be a good platform for good discussions and constructive criticism, and we could all learn from each other.
But one public social influencer will eventually learn, that its not time wasting ones time spending time on people who feel bad about them self and hating on others hiding behind their screen.
But honestly. To all of you who supports me, and follow me on Twitter and writes PM to me all the time: I'm really happy for that - I really mean. Thank you for being part of it - I really appreciate it <3
But now you know, why I'm not commenting in the section anymore
Nota
The update is here - enjoy!
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