Here Is The Best BITCOIN-Chart You Have Ever Seen - Wooow!
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Dear Crypto-Family <3
So this chart is a follow up on my chart from yesterday: The Worst BITCOIN Chart Ever! You Be The Judge... Booring..
We are this time taking a look at the 4h BTCUSD Chart. So I was right about my prediction, that we needed a 50 % retracement, which made us kick start the beginning of a 3rd Primary Elliott Wave. Once again I got lucky, when I predicted we would slam our head into the RED DANGER ZONE, with huge resistance. But that is o.k.
I've once again illustrated some likely scenarios for you. All that is based on a combination of Elliott Wave Theory, Trendbased Fibonacci and Classical Charting Patterns to determine our targets.
I think the chart speaks for it self, so today, I won't give you a long explanation!
D4 Loves You <3
And as always: Please give me some love, support AND a BIG LIKE. For every ONE like I get today I will make ONE push-up :)
So this chart is a follow up on my chart from yesterday: The Worst BITCOIN Chart Ever! You Be The Judge... Booring..
We are this time taking a look at the 4h BTCUSD Chart. So I was right about my prediction, that we needed a 50 % retracement, which made us kick start the beginning of a 3rd Primary Elliott Wave. Once again I got lucky, when I predicted we would slam our head into the RED DANGER ZONE, with huge resistance. But that is o.k.
I've once again illustrated some likely scenarios for you. All that is based on a combination of Elliott Wave Theory, Trendbased Fibonacci and Classical Charting Patterns to determine our targets.
I think the chart speaks for it self, so today, I won't give you a long explanation!
D4 Loves You <3
And as always: Please give me some love, support AND a BIG LIKE. For every ONE like I get today I will make ONE push-up :)
Nota
We are once again trying to get that flag pole rising. But it will be super hard to go through the red resistance line at this point. We have failed before, and if you take a look at the RSI we have huge resistance too.I think we have to retrace first and get that momentum from the 3rd subwave to get through :)
I will keep getting you updated. Remember the like <3
Nota
Here is something about pennants and Hidden Bullish Divergence. Firstly pay attention to how the price get higher lows, while the RSI is making lower lows. This is hidden bullish divergence which predict that in an uptrend we will continue to go up.
Then we have the pennant. A steep uptrend with high volume followed by consolidation with low volume (look at the yellow circle - all bars under the MA20) formed as a symmetrical triangle. Also this predicts an uptrend soon will happen.
The big question is, how big it will be? As I said before, we have HUGE resistance at the red line, so I don't expect we might go all the way through.
D4 loves you <3 Remember to give a LIKE, my friends.
Nota
Wow, look how beautifully the 2nd sub wave perfectly hit the orange uptrend line AND the 50 % Fibonacci retracement level. The MOMENT OF TRUTH will very soon be revealed. Will we manage to make this 3rd sub wave going? It will be hard since we still very soon have to go through the Zone of confluence resistance!
I will follow up on this - it will be super exciting :)
D4 loves you <3
As always, please remember to give a HUGE like. Thank you my friends!
Nota
The Bulls are doing what they should do! They are in a brutal 9,000 USD fight with the bears about. This is HUGE resistance. We have already been rejected 9 times before. Is 10 the lucky number? No matter what is this a good start on the 3rd subwave.
I will follow up on this later. This is crazy....
D4 loves you <3 Please give a big LIKE! :)
Nota
8,570 NOW! Once again we didn't manage to go the dangerous red zone. We had a huge drop price, so as you can see, I have now adjusted Elliott Waves and the up trendline now we got more data.the 50 fib retracement was not enough, so we have now retraced 78,6 % on the 2nd EW, which in principle also is ok. Seen from a psychological point of view, and after our rejection once again from the RED ZONE, it might frighten the bulls.
We now have to see if we can get that 3rd Elliott Subwave going. IF we fall under the dotted red line = 8,280 we will have an EW failure, and we can conclude that this is not a 1-5 impulsewave-structure, and we are back in a bigger correction (D-wave).
And that will probably take us down to 6,000 USD.
D4 Loves you <3
Nota
Just to make it clear. I was to quick with the update before. Somebody also mentioned that in the comments. IF we go under the dotted red line, we can still be part of the ABC-correction (B-Down/C-wave).And we can in princinple go all the way down to around 7,2xx before we have an EW failure on this structure, which then most likely will take us to 6k.
<3
Nota
NEW CHART: NEVER Trust TA Conclusions From Someone With A Fixed Narrative!
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