D4rkEnergY is back - I will make a bold prediction - we all know that it has been very hard the last couple of weeks. I will do my best though. Let's jump in!
We are here taking a look at the 1D BTCUSD Chart.
I've counted all the Elliott Waves and the subwaves. Geez... But everything seems finally to make sense now. Maybe not tomorrow if Bitcoin chose to bounce to 20,000 USD. Let''s see.
1-5 Waves up, an ABC-correction, and ONE more. According to my prediction, we are right now on the 2nd Primary Wave B and also on Sub-wave B. I have drawn 2 upper trendlines to determine our target for now, which also perfectly match when the RSI will hit it's upper trendline, which is very close to the oversold zone.
We can therefore expect a bounce at 6,650-6,500 USD, where we will ride subwave C up to around 7,6k to 7,700 USD. Hereafter we need to finish our 2nd Primary Elliot Wave C down to 6,000 USD.
D4 Loves You <3
Please give a LIKE, it would mean so much to me, and encourage me to make more charts for you guys :)
Bình luận
⋅
100 dollars down since my post. And look how everything so far match my prediction. A bear flag has formed, which probably will take us down to my support zone, where I expect a bounce!
Please give a LIKE for the updates - Hugs and kisses <3
Bình luận
⋅
LOL... That was accurate. Bounce exactly between my 2 lines :)
That deserves a LIKE <3 Let see, if we can ride that subwave C all the way up 7,600-7,700 USD.
Bình luận
⋅
All time frames looks good. Daily, 4h and here we have 2h. Bullish MACD-Cross. Basically everything is pointing up.
Only a sick bull trap can fxxx us. We have seen that before. But don't let it scare you, that we are dropping a bit in price now. It's normal to have more than a 50 % retrace on the 2nd EW.
D4 Loves you - please give a LIKE for the updates!
Bình luận
⋅
PUSH ffs... inverse HS. All time frames are perfect! What are you waiting for bulls?
Bình luận
⋅
We went up to 6,936 with help from the inverse HS pattern, but really quickly after the bears took us down again.
Right now we have a bull flag on the 2h, which is pretty good. But the 4h is showing a lot of indecisiveness at the moment.
D4
Bình luận
⋅
I hope I don't spam you too much with all my updates - the market is really hard to predict at the moment. If we take a look at the 4h chart, it also shows a lot of indecisiveness.
Is it a pennant? If so it's a bearish sign after a steep downtrend, or are we in a descending wedge, which will confirm what the 2h chart says, that a bull flag will rise.
D4 <3
Bình luận
⋅
The steep downtrend followed by a pennant won, and we are going down, which make my 7,600 USD less likely now.
We need to hold 78,6 % retrace on the 1st subwave which is equal to 6,640 USD. If we fall under here, everything will become very d4rk!
D4 <3
Bình luận
⋅
Boom! What a bounce from just under 78,6 % retrace. But, but, but.. IF we don't get above 6,9k very soon we will go back due to hidden bearish divergence - it will indeed be tough for the bulls.
LASTLY: I really find it funny. Dear friends, try to look down in the comments. As soon as my prediction were about to fail the same 10 haters instantly felt the urge to go in and hate. Haha...
They must really feel bad with them self, since that is basically what these guys are living for. Guys, don't worry - it's ok - just hate, and tell how bad I am, if it makes you feel better with your self - Love you <3
Bình luận
⋅
Good evening, guys!
So as you can see a BIIG bear flag has formed, which is a bearish sign. The Bulls HAVE to escape and go up, otherwise it will just be a matter of time before we will fall in a steep downtrend.
Please give this chart a LIKE, and I will very soon make a new chart for you guys. Thank you in advance :)
Bình luận
⋅
The Update is Here: This time a more humble D4rkEnergY!
WOW! The LIE About BITCOIN -This Is What Will Happen Now- MAYBE!
@ADXBear, if it goes down to 3k, then it's going down to 1k.
And if it goes down to 1k, it'll float around there for 2 years.
ThumbSkin
⋅
@VanBenno, If it blows past 6k support to new lows. Your right. Im guessing 2 -5 years before it reachs 10k again
BitcoinBearSlayer
⋅
@ADXBear, It costs and average of 4K worldwide to produce 1 bitcoin. If it goes down to production cost why bother? No profit, no point.
cculb1
⋅
It's not TA without a few triangles... It needs more triangles, dude. Draw some triangles. :D
But seriously, do you really think TA holds much validity at this point? I mean, between the algos from hell, lack of liquidity, small(ish) market cap, and a tiny minority controlling the vast majority of available coins, do you really think it's going to follow a wave pattern that seems to be pretty subjective? If you give one hundred people that same chart, I'd wager that you would get 99 different interpretations of the waves.
And come on -- what's up with this:
That's a Bart Simpson continuation pattern right there. Are you sure that doesn't invalidate the Elliot Waves?
I'm not trying to be rude, just questioning some of this crazy price action lately and the seeming ease with which the value is driven around (more often than not to perfectly round numbers, etc)...
davidvillarreal.sa
⋅
@cculb1, It's clear that you don't think that TA doesn't hold much validity at this point, but funny thing you are here looking at TA's from other people.
svhill11
⋅
@DavidVillarreal.sa, He is raising a valid point. No need to be rude...just explain to him that even if he is correct TA will help him on the 5 minute chart of he is trading.
Personally, I know he is correct as far as how easily the market is moved. Do you know anyone who is a member of Coinbase Custody? If so you would understand that they watch this TA and act to either sabotage it or to redirect it at times. Huge whales will min. of 10 million in that place trading on GDAX. Family offices and small investment firms. But that is all that is needed to move this little market...and they know people are not investing or hodling BTC, they are trying to trade-short-buy alt coins with it...
So they can accumulate large amounts of liquidity that they hide in dark pools and use for large buy waterfalls which do not match the smaller levels of sell limit orders, and they do it with Algo Bots. And in the end they will win and every single one of you will lose except the chosen few. Almost everyone said we were going to 5K and then 1K a few days ago...and the institutional boys laughed and took us way up for a little while just to make a point.
svhill11
⋅
@svhill11, I meant to say that they hide in dark pools and use for large SELL waterfalls which do not match the smaller levels of sell limit orders, not buys. Typo.