Here Is The BITCOIN-Path You Need To Know About - I Will Show U!
Dear Friends!
D4rkEnergY is back with his A-game. It's a tough market at the moment, but I have been pretty spot on lately. I'll admit when I'm wrong - and I have been that several times - but we have to remember to give our self credit, when we do a good job too.
I can still see in the comment sections, that some ignorant (meant in a good way) people believe or think, that a good trader can be right all the time. Let me quote MY MAN, Peter L. Brandt, profitable trader since 1970s and authors to many books about TA and trading. He wrote the following on Twitter yesterday:
"I am wrong 60% of the time. This means that my default emotional expectation on a trade should be that this next trade will be a loser"
So next time you feel the urge to shout "WRONG AGAIN" to any Top Author here on TradingView on Twitter, then just have the above mentioned quote in your mind. One of the most famous traders in the world is "only" right 40 % of the time!
Now let's take a look, at the 1D BTCUSD Chart. So far it is going according to my prediction. I told you about our sideways movement for a while, and the corrective ABCDE-pattern. At this moment we are riding on the E-wave and I expect we will go a bit higher. We have a bullish MACD-Cross and the RSI, that give us room to finish our corrective pattern.
Hereafter I expect that we will fall. The ABCDE-pattern is a bearish sign in a bear market, and it will also match with the time we hit RSI resistance at level 45. We will then fall down to around 6,000 which will give us a bounce because of the double bottom and due to the fact that we are in a descending broadening wedge.
BUT it will NOT be enough to send us in an uptrend though. We will eventually fall lower again, and when we reach the....
.... MAGIC NUMBER.....
4,888.7 USD, we will FINALLY go in an uptrend and to EUROPA!
D4 Loves You <3
As always guys - Please hit that LIKE-BUTTON. It means a lot to me - thx in advance, my friends :)
D4rkEnergY is back with his A-game. It's a tough market at the moment, but I have been pretty spot on lately. I'll admit when I'm wrong - and I have been that several times - but we have to remember to give our self credit, when we do a good job too.
I can still see in the comment sections, that some ignorant (meant in a good way) people believe or think, that a good trader can be right all the time. Let me quote MY MAN, Peter L. Brandt, profitable trader since 1970s and authors to many books about TA and trading. He wrote the following on Twitter yesterday:
"I am wrong 60% of the time. This means that my default emotional expectation on a trade should be that this next trade will be a loser"
So next time you feel the urge to shout "WRONG AGAIN" to any Top Author here on TradingView on Twitter, then just have the above mentioned quote in your mind. One of the most famous traders in the world is "only" right 40 % of the time!
Now let's take a look, at the 1D BTCUSD Chart. So far it is going according to my prediction. I told you about our sideways movement for a while, and the corrective ABCDE-pattern. At this moment we are riding on the E-wave and I expect we will go a bit higher. We have a bullish MACD-Cross and the RSI, that give us room to finish our corrective pattern.
Hereafter I expect that we will fall. The ABCDE-pattern is a bearish sign in a bear market, and it will also match with the time we hit RSI resistance at level 45. We will then fall down to around 6,000 which will give us a bounce because of the double bottom and due to the fact that we are in a descending broadening wedge.
BUT it will NOT be enough to send us in an uptrend though. We will eventually fall lower again, and when we reach the....
.... MAGIC NUMBER.....
4,888.7 USD, we will FINALLY go in an uptrend and to EUROPA!
D4 Loves You <3
As always guys - Please hit that LIKE-BUTTON. It means a lot to me - thx in advance, my friends :)
Comment:
So far pretty accurate I must say :) That deserves a LIKE <3
Comment:
We are continuing slowly and steady to go up again, and once again have we found support in an uptrend channel after the smaller down-correction I predicted.
BUT... And this is a very important lesson. We are right now facing huge resistance at 6,880-6,900 USD. We have tried 3 times before to get through, but we didn't succeed.
I want you to pay attention to the Volume Profile. For those who doesn't know, the purple is where 70 % of all previous trades are made.
When the price is in the middle of the purple area, which it is now, we are in a consolidation phase. And when we are here we tend to jump from a High Volume Node to a Low Volume Node.
As you can see we are right now on a HVN. 6,900 USD is a LVN. That is one of the reasons why we have problems going through.
IF we manage to go through, you can see, that the following nodes are short, which makes it's easier for us to pass these price points until we hit a HVN again.
Please give a LIKE, my friends <3
BUT... And this is a very important lesson. We are right now facing huge resistance at 6,880-6,900 USD. We have tried 3 times before to get through, but we didn't succeed.
I want you to pay attention to the Volume Profile. For those who doesn't know, the purple is where 70 % of all previous trades are made.
When the price is in the middle of the purple area, which it is now, we are in a consolidation phase. And when we are here we tend to jump from a High Volume Node to a Low Volume Node.
As you can see we are right now on a HVN. 6,900 USD is a LVN. That is one of the reasons why we have problems going through.
IF we manage to go through, you can see, that the following nodes are short, which makes it's easier for us to pass these price points until we hit a HVN again.
Please give a LIKE, my friends <3
Comment:
Are you ready to go up?
Incoming bullish MACD-CROSS. Nice RSI - Steep uptrend followed by a pennant, and it will just be a matter of time before we go uuuuup!
D4 loves You <3
Please give a LIKE, my dear friends :)
Incoming bullish MACD-CROSS. Nice RSI - Steep uptrend followed by a pennant, and it will just be a matter of time before we go uuuuup!
D4 loves You <3
Please give a LIKE, my dear friends :)
Comment:
Suddenly one of those unexpected drops, that looks like a trap. But it's not over for the bulls. If they can hold this level, they can still make a bull flag!
Comment:
So after a couple of traps here and then and everywhere, the bulls finally succeeded rising that pole!
D4 wants to share a little advice with you guys. Whales are toying with the smaller fish who tries to leverage this market. Please for God sake don't leverage.
They eat you alive!
D4 Loves You <3 Remember to give a like! It's much appreciated it!
D4 wants to share a little advice with you guys. Whales are toying with the smaller fish who tries to leverage this market. Please for God sake don't leverage.
They eat you alive!
D4 Loves You <3 Remember to give a like! It's much appreciated it!
Comment:
So we hit the end of Wave E, and we are done with our sideways corrective pattern. A such ABCDE-triangle is a bearish sign in a bear market. We are getting some mixed signals though, which we have had a lot of lately.
We have just had a bullish MACD-Cross and on our Daily time frame, we have plenty of room to go even higher.
At this moment we are looking at the 4h chart. As yo can see, we have a lot resistance at RSI Level 60. We are also just under 7,000 USD, which is a big even number where we always find a lot of resistance or support.
When I look at all these factors together, I think we most likely will go down. If we break 7k or even 7,2k (minor EW-cycle 78,6 % retrace) I have to adjust to the new circumstances.
Let's see! Ty for following me :)
We have just had a bullish MACD-Cross and on our Daily time frame, we have plenty of room to go even higher.
At this moment we are looking at the 4h chart. As yo can see, we have a lot resistance at RSI Level 60. We are also just under 7,000 USD, which is a big even number where we always find a lot of resistance or support.
When I look at all these factors together, I think we most likely will go down. If we break 7k or even 7,2k (minor EW-cycle 78,6 % retrace) I have to adjust to the new circumstances.
Let's see! Ty for following me :)
Comment:
Bitcoin will soon fall. As you can see It still matches my ABCDE-corrective pattern I predicted 3 days ago. We are in an ascending wedge, which normally is a bearish sign, we can also see on MACD and the histogram that the bulls are losing momentum.
We have huge resistance at Level 60 so it hard for bulls to come much higher.
BUT be careful. We are still in a zone of a lot of confluence resistance and support. So we might not get a bit drop in price. We will probably fall out of the wegde now, but it's hard so say how long much we will drop.
I think 6,5xx is the next target. We might also drop a bit and go sideways.
Again: Be very careful. Also witch leveraging. We have gone sideways for 14 days now, and it's very difficult to trade BTC at the moment.
Please give a LIKE, and I will make a new chart for you :)
We have huge resistance at Level 60 so it hard for bulls to come much higher.
BUT be careful. We are still in a zone of a lot of confluence resistance and support. So we might not get a bit drop in price. We will probably fall out of the wegde now, but it's hard so say how long much we will drop.
I think 6,5xx is the next target. We might also drop a bit and go sideways.
Again: Be very careful. Also witch leveraging. We have gone sideways for 14 days now, and it's very difficult to trade BTC at the moment.
Please give a LIKE, and I will make a new chart for you :)
Comment:
Yea, ok... free fall!!!
Comment:
BTC JUMPS 1,000 USD in 30 minutes, when it was most unexpected.
RSI almost 90. Crazy.
Watch out for more traps, guys. Pump and Dumps. Whales love to toy with smaller fish and they just liquidated all shorts there in no time!
There is a reason I have been keep telling you to play this market safe the last 2 weeks. No one can predict a move like this. And I couldn't
Be careful, my friends. The whales might also soon kill you if you went long, and if they chose to dump the price.
RSI almost 90. Crazy.
Watch out for more traps, guys. Pump and Dumps. Whales love to toy with smaller fish and they just liquidated all shorts there in no time!
There is a reason I have been keep telling you to play this market safe the last 2 weeks. No one can predict a move like this. And I couldn't
Be careful, my friends. The whales might also soon kill you if you went long, and if they chose to dump the price.
As you can see the 4th wave has retraced into wave 1st EW price-territory, which normally give us an EW-failure.
BUT there are exceptions in leading diagonals, where it is allowed.
But it starts to look nasty. We might have a last uptrend and finish the 5th Wave. The steep uptrend followed by a pennant normally predicts we will go even higher.
But we have to aware of, that we might very soon fall out of the wedge and have a down-correction. I think it will be a small one, followed up by a new uptrend to finish our E-Wave.
D4 is here for you! 24/7 - no sleep, to keep you updated. Please give a LIKE for the endurance :)