##APPARENTLY SEX METAPHORS IN D4S PREVIOUS BTC UPDATE FROM YESTERDAY WAS TOO MUCH FOR TRADINGVIEW TO HANDLE. D4 HAS TO ACCEPT THAT, SO HERE IS A MORE CLEAN VERSION. THIS WAS IN FACT A VERY EDUCATIONAL UPDATE, SO D4 HAS CHOSEN TO REPOST IT AGAIN. NO HARD FEELINGS. EVERYTHING IS OK### <3
Dear fans!
We are at a very crucial moment for Bitcoin at this very moment. To understand why, we have to take a look at the 1D BTCUSD chart!
First of all, as you can see, we have completed our Elliot Wave-Cycle (1-5 and the ABC-correction). We had a Fibonacchi retracement at about 80 %, which is more than we normally want, but it was not unhealthy at all taking the crazy bull run in December and beginning of January into consideration.
A lot of new BTC-holders, who didn't have any idea of market cycles, were fudding out like crazy. It was like seeing teenagers on their first time on Ecstasy. All that euphoria when Bitcoin -1.03% just went up and up, and suddenly, out of nowhere, everything just stopped. Everything became dark and gloomy. The E-pills didn't work anymore, and everything just went down from there. The lack of Serotonin and the comedown was more than they could handle.
Back to topic. Since our All Time High we have been in a descending channel . We are at this very moment, trying to penetrate the down resistance trendline - (CENSORED). We are almost there. And this is so important that we succeed.
If we break through, everything is basically good. We are in safe haven. Here are the 2 scenarios:
1. (CENSORED) As you can see a Bull Flag has taking form, which suggest we might go even higher.
2. (CENSORED) Even though we don't succeed going higher in the first attempt, we are still on the right side of the trendline. We will probably go down after some time, and have a normal EW-4 retracement, but that is all good. Because as you can see, a new and bigger inverse H&S pattern (or a Cup and handle whatever) has formed (in pink), which will let us go through this time.
So no matter which of the scenarios we would finally be in an overall uptrend with also the EMA50 above EMA100 and EMA200.
Here is the bad scenario:
If Bitcoin doesn't manage to penetrate the down trendline, we will still be in the descending channel . (CENSORED) This is not a disaster though. Bitcoin will definitively have many chances again, but this time it will be more difficult to get out of the descending channel, cause we have to retrace inside it. And therefore, it would also be more likely we would go even lower.
D4rkEnergY loves all you guys. He really appreciate, that you guys are following him.
Kisses and Hugs <3
Dear fans!
We are at a very crucial moment for Bitcoin at this very moment. To understand why, we have to take a look at the 1D BTCUSD chart!
First of all, as you can see, we have completed our Elliot Wave-Cycle (1-5 and the ABC-correction). We had a Fibonacchi retracement at about 80 %, which is more than we normally want, but it was not unhealthy at all taking the crazy bull run in December and beginning of January into consideration.
A lot of new BTC-holders, who didn't have any idea of market cycles, were fudding out like crazy. It was like seeing teenagers on their first time on Ecstasy. All that euphoria when Bitcoin -1.03% just went up and up, and suddenly, out of nowhere, everything just stopped. Everything became dark and gloomy. The E-pills didn't work anymore, and everything just went down from there. The lack of Serotonin and the comedown was more than they could handle.
Back to topic. Since our All Time High we have been in a descending channel . We are at this very moment, trying to penetrate the down resistance trendline - (CENSORED). We are almost there. And this is so important that we succeed.
If we break through, everything is basically good. We are in safe haven. Here are the 2 scenarios:
1. (CENSORED) As you can see a Bull Flag has taking form, which suggest we might go even higher.
2. (CENSORED) Even though we don't succeed going higher in the first attempt, we are still on the right side of the trendline. We will probably go down after some time, and have a normal EW-4 retracement, but that is all good. Because as you can see, a new and bigger inverse H&S pattern (or a Cup and handle whatever) has formed (in pink), which will let us go through this time.
So no matter which of the scenarios we would finally be in an overall uptrend with also the EMA50 above EMA100 and EMA200.
Here is the bad scenario:
If Bitcoin doesn't manage to penetrate the down trendline, we will still be in the descending channel . (CENSORED) This is not a disaster though. Bitcoin will definitively have many chances again, but this time it will be more difficult to get out of the descending channel, cause we have to retrace inside it. And therefore, it would also be more likely we would go even lower.
D4rkEnergY loves all you guys. He really appreciate, that you guys are following him.
Kisses and Hugs <3
