D4rkEnergY - TA's answer to football's Christiano Ronaldo will now tell you, what's going to happen with Bitcoin! Ronaldo scores goals again and again and he gets the girls he wants! D4rkEnergY does the same... The comparison is accurate!
Ooh, ooh... with a TITLE like that, and a PREFACE like that, I can feel them coming.... :D
It's called seduction - You know D4rkEnergY is only here to spread love and wisdom - he loves everybody - also his haters!!
Ok. Are you ready for one more goal? Ronaldo will this time take a look at the 1D BTCUSD Chart. In fact, it's ONCE again a super interesting situation we are facing. We have been going sideways for 6 days after the sick spike. And it's not that surprising after all.
As you can see we have super strong support from our up trendline. On the other hand we also have strong resistance from Point of Control (Volume Profile - longest node where most trades are generated in the past at the given price point). And then we also have have EMA50.
So now what? The most likely scenario is that we will continue our journey up at the ascending wedge. Expect we will reach 8,650-8,840 USD before we will fall out - AND hereafter we will probably crash down to under 5,000 USD eventually.
BUT - Don't worry, guys! We first need to make a double bottom, but after that, it will just be a matter of time before we will make a new All Time High and reach +20,000 USD!
Ronaldo Loves You <3
As always - Remember to give a BIG LIKE! It's much appreciated - thank you in advance, my friends :)
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As you can see it's looking good on the 4h chart as well! We are slowly but steady moving up. And we have nice support from the wedge and the EMA200 right under us.
D4 Loves You <3
Please give a LIKE for the updates - Thank you so much :)
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8,200 USD - Booyaa... We will soon reach our yellow circle, as I said, and then we will retrace afterwards!
D4 is here for you, guys <3 As ALWASY!
Please leave a LIKE if you haven't already done it!
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Look at this, guys! I really do understand Bitcoin! What is he going to do? We have been going sideways for 12 hours now, and we are seeing one indecisive candle after the other.
But we are squeezed into this zone where we are surrounded by confluence support and resistance everywhere. We have MA20 under us. We have Point of Control just beneath us.
You can also see huge resistance above us. The blue lines. I told you before about the Volume Profile, and when we are in a a consolidation phase, how we tend to jump from a High Volume Node to a Low Volume Node before we get rejected.
And that is indeed, what we are seeing right now. It's a major struggle to go through 8,2k to 8,3k.
When/If we manage to do that, then we will once again meet new strong opponent at 8,400 USD. It's not easy for Bitcoin!
With Love From D4 <3
Please do me a favor and give me a LIKE - I do appreciate it. And I hope you all will have a good day!
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Puush! Ok, I'll give you max 4 more hours to consolidate a bit, if you insist, but then I want to see a STEEP uptrend from that pennant!
Come and Bitcoin, you can do it! Make D4rkEnergY proud!
D4 is here you - 24/7 <3
Remember to give a LIKE, it makes me so joyful :)
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Just to illustrate how this Bitcoin-market has been very hard to predict lately - not only for me, but for "everyone", when I look around at other Top Authors and on Twitter.
The last 3 weeks whales have put one trap after another. Normal classical charting show one thing, and we get confirmation on a direction, and suddenly we change directions immediately.
Even though I think it's still most likely we will go to my first target at around 8,6k-8,8k, I wouldn't enter a trade at this moment.
Please remember to distinguish between, when I give you an idea or a plausible scenario AND when to ACTUAL make a trade.
I haven't lost ANYTHING on Bitcoin. Why?? Because I didn't even want to bother with the uncertainty at this moment.
On the other hand I've made A TON of money investing in ALTCOINS!
Be careful guys - Bitcoin is not the best time to trade at the moment!
Love from D4 <3
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Roooonaaaaaaaaaldoooooo!! 1-0! Once Again - he scores! He is unstoppable. He did it again!! WOW!
Please leave a LIKE for that beautiful goal, and I will make a new chart <3
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Just a reminder from MY MAN Peter L. Brandt, trader since 1980's, master of classical charting, and author to many books about TA and Trading.
I've tried so many times to explain this on TradingView. Some people just won't understand. And even my man Peter Brandt, I would guess he is in the 70', has to hear a lot of hate from random people behind a computer screen telling him how he sucks! (A profitable trader and really good teacher, and some people just give him shit)
On Twitter he wrote yesterday:
When circumstances change, I change my opinion (and my position if necessary). Traders who cannot change their opinion end up having to change their underpants.
Have you ever heard the tale of the Institutional Whale???
As the story goes...
There's an institutional whale out there with a large green button that says, 'BUY MARKET' (and another which says 'SELL MARKET')... He's only allowed to hit it when there are a ton of shorts/long to squeeze to help drive the price to his target value. Once his business is done, he then dumps the remainder on market -- unleashing all sorts of fear and pandemonium.
He seems to come out when you least expect it. If you aren't careful and FOMO into your positions too quickly, he will eat you alive. Before you know it, your hopes of 'Going to the Moon' will cease and you will fear the markets; you will feed into market anxiety/uncertainty.
Here's how to beat him...
1st rule is patience. You have to be patient enough to wait for the big moves to happen. Then, after allowing for some time for things to settle, he will shoot up/down another spike to retest the line of support/resistance. This is when you pounce on him. Hold your ground!
2nd rule... Do not overstay your welcome. The moment things start to move favorably, you must have your exit and stop-loss strategy in place. Identify the next level of support/resistance, and bail out. If you overstay your welcome, he will send his bot minions to 'seek and destroy' you by way of liquidation. (That's how Pigs get slaughtered.)
That said, your liquidation is the fuel he is after, and he will play all types of tricks (I.e. Fake-out H&S, Bart Simpson's Hairline patterns, etc.) to shake you out.
Don't think for a second you are safe from this institutional whale. He knows all the books you read, all the popular people you follow, and most importantly, he knows how to use your emotions against you.
Proceed with caution... Beware of the 'BOOGIE Whale'... Or else.
@zupe891, once you spot a pattern, it will likely stop.
zupe891
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@kickflip360, I tend to spot them before they are mainstream. If you follow my channel you would see.
This pattern hasn't finished a cycle yet. So it is very young. Expecting a pullback sometime today
Satonacci
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@zupe891, It is not if we are ending the serie and entering a new trend!
jakeheller
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Literally, none of your predictions have ever been right. If you're always saying it will moon, you might eventually get it right. You're like one of those people that tweet out 500 ideas on a sports game and delete everything that is wrong leaving it to look like you got things exactly right...
As the story goes...
There's an institutional whale out there with a large green button that says, 'BUY MARKET' (and another which says 'SELL MARKET')... He's only allowed to hit it when there are a ton of shorts/long to squeeze to help drive the price to his target value. Once his business is done, he then dumps the remainder on market -- unleashing all sorts of fear and pandemonium.
He seems to come out when you least expect it. If you aren't careful and FOMO into your positions too quickly, he will eat you alive. Before you know it, your hopes of 'Going to the Moon' will cease and you will fear the markets; you will feed into market anxiety/uncertainty.
Here's how to beat him...
1st rule is patience. You have to be patient enough to wait for the big moves to happen. Then, after allowing for some time for things to settle, he will shoot up/down another spike to retest the line of support/resistance. This is when you pounce on him. Hold your ground!
2nd rule... Do not overstay your welcome. The moment things start to move favorably, you must have your exit and stop-loss strategy in place. Identify the next level of support/resistance, and bail out. If you overstay your welcome, he will send his bot minions to 'seek and destroy' you by way of liquidation. (That's how Pigs get slaughtered.)
That said, your liquidation is the fuel he is after, and he will play all types of tricks (I.e. Fake-out H&S, Bart Simpson's Hairline patterns, etc.) to shake you out.
Don't think for a second you are safe from this institutional whale. He knows all the books you read, all the popular people you follow, and most importantly, he knows how to use your emotions against you.
Proceed with caution... Beware of the 'BOOGIE Whale'... Or else.
Cheers :)