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 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 to determine our target for now, which also perfectly match when the will hit it's upper , 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 C down to 6,000 USD.
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That deserves a LIKE <3 Let see, if we can ride that subwave C all the way up 7,600-7,700 USD.
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.
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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.
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.
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!
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
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 :)
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