BITCOIN: Bull Market OR Crash Like 2014? Take a Look!

업데이트됨

Hello My Dear Friends and Followers! :)

We are back again with the always interesting Bitcoin! We are this time taking a look at the 1D BTCUSD Chart! But before we go on, I'll just say, that I'm really happy today, and you know why? The reason I'm here on TradingView is to help other people. Yesterday I got this message in our private forum:

I just want to give a big shoutout to D4rkEnergY and xxxxx for all of their help so far! I lost 25k in crypto before I came here, but now I have made nearly 20K back! Thanks so much for all of your help guys. It's been a great month and I can't wait for another 11 more months with you all! We got a great crypto family here guys!!

xxxxxx

Wow! :)

But now back to the chart. I told you again and again, NOT to enter a trade. There was too much uncertainty. I told you ONLY to get long if we broke above 9,500 USD.

Once again, and I will keep saying it, so people will understand it: We can have all the ideas we want, but it is only ideas and possible scenarios - so if we don't get confirmation on the idea, and as long as we DO NOT trade them, we will NOT lose money. Remember that, guys :)

So not long time ago, we fell out of the channel. This time we didn't see one of those spikes we have seen the last couple of weeks, which kept us moving forward. So now what? As you can see, we are now caught in an descending triangle, which is a bearish pattern. I think we most likely will fall through eventually. We get a bit of support from the EMA100, but if we take a look at the MACD, you can see a bearish MACD-cross is about to happen, and the histogram shows clear signs of bulls losing momentum.

Furthermore. Please pay attention to the RSI. We are once again under golden LEVEL 60, which acts as huge resistance. Expect therefore that we will go the green box around 8,724-8,600. We here have HUGE support. In this area we both have Fibonacci Level 61,8 %, EMA 50 AND EMA200.

Our 10,800 USD scenario is still in play, but we HAVE to bounce from this level and follow the blue Elliott Waves.

This green area is a SUPER IMPORTANT level. If we also fall through here will probably drop down to our next big support level at 8,200 USD,where the upper up trendline also give us further support.

It's very important to be aware of these support and resistance levels, my friends. As you can see, that we need to go above 11,700 USD before we are in a real bull market. On the other hand if we fall through 7,200 USD, I think we will see a crash to under 5k USD.

But let's take a step at a time. For now expect we will go to the green box. I'll promise to keep you updated as always! :)

D4 Loves You <3

And to all my followers, who appreciate the work I do for you every day, I hope you will give me a like. Thanks a lot, my friend :)

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Let's take a closer look at the 4 hour chart. So as you can see, we are moving back and forward. That's not unusual when we are in a descending triangle. It is a bearish pattern, and in the end, we will usually fall through.

The RSI is not looking good at all. On the MACD we can see, that the bulls are gaining a bit momentum, but so far not at all enough to break up from the triangle.

As I said earlier. You can expect some sideways movement - a bit ranging - but if nothing drastic will happen, everything is still pointing down to the green box!

Kind regards D4 <3

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VERY IMPORTANT MESSAGE:

I started making public charts here on TradingView only 3 Months ago. In the beginning almost every single of my predictions were spot on (I was pretty lucky), because we all know, that no trader can be right all the time.

In no time I became Top Author, and now I have already 20,000 followers. I first studied TA and Forex back in 2010.

I noticed recently that, I suddenly got extraordinary high level of hate on ALL my charts. Even though I was right, people kept telling me I was wrong. People were also claiming I was ALWAYS wrong.

People also told that our company with more than 900 VIPs was a scam, and they had proofs.

People were lying about, that our signals we were giving were losing, even though we have proven record, and can document it, that we are HUGE winners.

I recently found out that people were impersonating me on Twitter, Instagram, on Telegram. And also tried to make pump and dump groups using my name.

I didn't understand, why the hate suddenly exploded recently. I know, that not all my charts has been right lately, but that is trading. You will not find a single trader in here, who is not wrong. And sometimes you just have periods were thing are now going your way. And vice versa.

I've just 3-4 hours ago was told by a random follower, that about 50-100 people, now have organized a hating group against me and our company, where the same people EVERY SINGLE day go in on all my charts and come up with false claims against me and our company.

I have now contacted TradingView, which will investigate it. Also Twitter, Instagram and Telegram.

We are not anymore just talking about childish taunting. We are now talking about illegal claims.

Our company have contacted our lawyers, and we intend to contact the police, ans take serious action, so we can find out, who is behind this.

I don't know who they are yet, and their motives. But we will do everything to find out.

I'm here trying to help people - I can live with people criticizing my TA, but when I get death threats and continues lies about me and our company, it is serious business.

Thanks.

D4!

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The bulls are in trouble at this very moment. A bear flag has taking form, and we might very soon drop down. We get support from the bottom of the triangle at this very moment, where we also have the EMA100 - so it might also draw out.

So far everything is still pointing down though - I would be surprised if we manage to escape up from the triangle.

D4 Loves You <3

노트

It has been some boring 15 hours. The bears almost broke out from the triangle earlier, but the bulls rejected them in the end.

Also here on the 4h chart you can see we still have a bear flag or a pennant, which is a bearish pattern.

The nature of the descending triangle is due to we will continue making lower highs, so sooner or later we will be squeezed down.

I can see that some other people sees it as a symmetrical triangle, which is a neutral pattern. I don't agree on that, and I still think it's a matter of time before we go down!

D4 Loves You <3

And btw. thanks for all the nice comments and PM's guys. I really appreciated it :)

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I wish I could come up with some super intriguing news. We are still ranging. Bear flag still in play. The bulls have a super hard time to get through 9,100 USD (as you can see on the 2h chart to the right where I have drawn the purple line), where we have a lot of resistance.

Here I also tried to illustrate, that we can argument for more of a symmetrical triangle. We might experience 24 more hours boring sideways action.

I'll keep you updated, my friends!

D4 <3

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It's starting to become a bit more interesting now!! If we take a look at the 1D chart on the left, the bulls are trying hard to get momentum back again. They are trying to avoid a bearish MACD-Cross, but the histogram clearly shows that the bears are about to take over.

If we take a closer look at the 1H chart on the right it looks better for the bulls short term. They are still fighting with the 9,100 USD resistance, and it IS VERY crucial for the bulls to very soon go above this level otherwise the green box will be the target almost for sure.

IF the bulls succeed in getting through the 9,100 USD, their chances increases a lot. They then have an opportunity to make a really weird 4th wave ABC-correction and have in fact an opportunity to go to 10,8k immediately without dropping down in the green box first.

It's definitely not boring anymore!

노트

9,150 USD now, which means the bulls are alive! The first obstacle is over. But there is still a long way to success.

The bulls have managed to make higher lows recently though, which means that it slowly has become more of a symmetrical triangle, which is a neutral pattern.

We need a retracement now, and its very important, that we don't fall under 9,100 first of all.

The most important thing to pay attention to in my opinion is on the daily chart. The 60 RSI-LEVEL has shown to be a very important point. The bulls have to conquer that level, before I believe in the bulls.

But once again we are in a position with a lot of uncertainty. We don't have a clear direction.

When I made this chart yesterday everything was literally just pointing down. But its not that easy anymore.

I'll keep you updated!

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Crucial moment for the bulls! It's almost NOW or never. As you can see a HS pattern has created on the 4h chart. IF the bulls don't get out from this prison very soon, they will be forced to fall lower and the right shoulder will finish the bearish pattern, which will take us down to the green box.

The 4h chart on the left is looking good for the bulls. They have momentum.On the other hand we have the Daily chart on our right side, which still overall is very bearish.

We are so close to the RSI 60 resistance. Honestly, this is not a easy to predict, and I would not enter at trade at this moment.

If we manage to penetrate the triangle with good volume AND when we are above RSI 60 on 1d, you can enter a long position.

If we fall down to the HS neckline you can enter a short position.

노트

Not looking good for the bulls now. They had to retrace, but as I said, if we retraced under 9,1k it will be super hard for the bulls now to come back imo.

They might very soon be caught in the HS pattern, which will take them down to the green box.

노트

Must give the bulls credit for trying hard! But they are fighting huge resistance from the triangle pattern and the RSI Level 60 Resistance.

This is still no trading-zone. I still keep to my statements, you can enter a long position if we break out and GET ABOVE 60 RSI.

You can GET SHORT IF we reach the the neckline of the HS pattern! One thing is for sure! Something will happen soon due! We are squeezed inside this triangle.

So as most of the top authors I will stay unbiased at this moment, and first wait for a clear direction before I enter a trade!

D4 <3

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Here is the good example, why I told you to be careful and NOT to get long even though we broke our from the triangle, which we did as you can see- we got slammed back down in the triangle again.

I told you to look after RSI 60 Level- it is so important. We have to pass that level before I would even consider get long if you insist playing with BTC instead of all the money you can make on altcoins at the moment.

D4 <3

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This is insane! In some way the bull still keep coming back - but it shouldn't be possible! Normally we would go down.

First take a look at the MACD, how the bulls manage to reject bearish MACD crosses in the last seconds every time!

Somehow the bulls dragged the price up again, and have now made a bull flag, which is a bullish pattern, which predicts that we would have a steep uptrend!

BUT, BUT.. Again. Be careful. Again. 2 reasons.

1. We have The RSI 60 resistance and a lot of resistance at 9,300 USD

2. Take a look at the RSI. RSI is making higher highs, while the price is making lower highs. That is Hidden Bearish Divergence (CLASS B) a continuation pattern, which means we normally should continue go down.

But again. The bulls have surprised us so many times before. Still no trading zone, guys.

D4 <3

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ONCE AGAIN are the bulls trying to attack - this time with a bigger bull flag inside an broadening ascending wedge/channel, which is a bearish pattern.

They are out from the triangle, but we have seen it before. I will still advice you not to get long before we are through RSI 60 and 9,300 USD where we also have strong resistance.

Even then you have to be very careful. Already at 9,500 USD do we have EVEN stronger resistance.

Before we really can start to believe in the bulls again midterm we need to get through Level RSI 60, 9,3k and 9,5k.

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The bulls finally managed to go through 9,3k via the bull flag - but are now in the orange zone of confluence resistance. We are also trying to break through RSI 60 on the daily now!