BITCOIN in IMPORTANT Weekly Close - 2 Main Scenarios
Aggiornato
Lets take a look at the Weekly Chart. We are right now at 11.2k USD, and we have 2 Main Scenarios you need to know about. Ultra bullish and bullish. There are no bearish scenarios right now. Remember that this Market Cycle started at 3,200 USD. So no matter which one it will be, Bitcoin is STILL in a super healthy condition.
Ultra Bullish in Blue
We here assume we are on the 4th Elliott Wave, and still need one more wave up. We will here go to around 30k USD.
Bullish in Black
We have finished the 5th wave, and are already in the process of making a bigger ABC-correction.
The Weekly Chart
Lets go back, and take a look at the chart. We have a very important weekly close to make. The volume is already 2x MA20 Volume, AND we are about to get an exciting ending on the week. Something will happan VERY SOON, hence we are inside a neutral triangle with decreasing volume.
The MACD histogram is telling us, that the momentum is increasing. The RSI is high, but if you compare it to the Bull Run in 2017 we are still below that level, and we definitely have room for more. Also the RSI is not making any Regular Bearish Divergence
10,000 USD is what decides everything
This number here is more important that you think. If we should go below 10k USD, and stay there, then we have to turn our bias, and we will walk away from our Ultra Bullish bias and then we have to conclude that 14k was the top for now, and that we are right now part of an ABC-correction. IF that is the case, you can be sure that we will go to 61.8% which is 7200 USD (maybe even at 6.5k USD), and hereafter we will go up again.
Please leave a big LIKE, my friend, and I will then take a closer look at the current situation!
D4 Loves You <3
Ultra Bullish in Blue
We here assume we are on the 4th Elliott Wave, and still need one more wave up. We will here go to around 30k USD.
Bullish in Black
We have finished the 5th wave, and are already in the process of making a bigger ABC-correction.
The Weekly Chart
Lets go back, and take a look at the chart. We have a very important weekly close to make. The volume is already 2x MA20 Volume, AND we are about to get an exciting ending on the week. Something will happan VERY SOON, hence we are inside a neutral triangle with decreasing volume.
The MACD histogram is telling us, that the momentum is increasing. The RSI is high, but if you compare it to the Bull Run in 2017 we are still below that level, and we definitely have room for more. Also the RSI is not making any Regular Bearish Divergence
10,000 USD is what decides everything
This number here is more important that you think. If we should go below 10k USD, and stay there, then we have to turn our bias, and we will walk away from our Ultra Bullish bias and then we have to conclude that 14k was the top for now, and that we are right now part of an ABC-correction. IF that is the case, you can be sure that we will go to 61.8% which is 7200 USD (maybe even at 6.5k USD), and hereafter we will go up again.
Please leave a big LIKE, my friend, and I will then take a closer look at the current situation!
D4 Loves You <3
Nota
Bitcoin in 11,400 USD right now. Take a look at this chart here. THIS means action, my ladies and gentlemen. Dont go watch a movie - this chart here SCREAMS action.The netutral triangle, AND the decreasing volume. You can be sure we will see a spike to either side tonight. Boom.
Nota
Break out Alarm. Bitcoin About to break to the UPSIDE.Nota
Boom! Here we go - Bitcoin is Yes! Congratulation,our Family just hit our 1st target. 11976 USD precisely. Lets hope for some more upside action.I wanted to tell you the importance of going up here. The reason why we have seen so much indecision is because BTC soon had to choose what I have been talking about in this post.
1. Is this a 4th wave and will we go higher?
2. Is this part of an ABC Correction and was 14k the top?
And we couldnd go sideways forever. So going up means the chances for this is a 4th wave are bigger. I will update you as soon as possible.
Nota
The Update is here: Congratulation, Bitcoin! We Are On The 5th Wave
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