I've been away for 5 days - I have been super busy lately. Our company is growing, and we are in the process of hiring more people, getting new and bigger office with streaming studios and a new TV-studio. As I said last time, I can only promise to do my best to make charts every day for you guys - but when I am running a business full time also, it's not always easy to make many charts and updates every day - I know most of you guys understand that - and thank you for that.
I nailed every single Bitcoin chart the last weeks, and gave you a signal on RLC. I expected something huge from iExec's V2 Release after partnerships with Ubisoft, Intel and RSK. It didn't go up 150 % but it went up 24 % before it crashed. I told you 2(!!!) times to secure profit or move up your stop loss - To the few out there who were crying in the comment sections afterwards: Sorry I'm not your baby sitter, and you cannot expect me to click mouse buttons for you.. :)
Oh, Bitcoin - I have missed you. Let's now take a look at the 4h BTC/USD chart. First of all, I want you to pay attention to the low volatility we have been witnessing since May. The price is simply not moving much compared to the good old days - and especially the last 10 days have been bad. Also notice how little volume we have had. Only 2 days out of 19 have been above MA20 volume.
As you can see we are caught in a big triangle - we are making lower highs, but are also making higher lows. At this very moment we are inside an ascending wedge, which normally predicts we soon will see a retracement. This might very well happen, and we will then fall to 7,500 USD where we have a lot of support, and most likely will go up from there to 8,000-8,100 USD where we have Point Of Control and huge resistance.
BUT we have seen similar patterns fail again and again, and we might also see a Jack in The Box bounce up to 8k without any retracement.
Overall the chart is more bullish short term, also take a look at the bullish MACD-cross, which means the bulls slowly are gaining more momentum. When that is said, it is not super convincing.
Therefore expect the following for now:
1. We will soon go to 8,000 USD 2. Mid-term I'm also still bullish, and still believe its most likely that we will go into a bull market - The reason for that is most of all due to some Fundamental stuff. I will tell you more about that later on. I must admit though, that I thought we already now here in June would have been in a bull market, but low volume, low volatility and lack of greed has prolonged everything.
Thank you so much for listening to me - Hope you are happy to see me back. And please leave a LIKE - I really appreciate it :)
D4 Loves You <3
코멘트
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Here is a close up, my friends. We cannot really brag of a lot of action at this very moment - but here are the 2 most likely scenarios I was describing for you before.
As you can see we are in the ascending wedge caught between the EMA50 and EMA100. We will most likely go to 8,049 USD.
I don't see us go below my red box - The bears are most likely waiting at 8,000 USD AND then we will finally have a classic fight between the bulls and the bears :)
D4 <3
코멘트
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Good morning, guys :) So we are slowly starting to fall out of the wedge, and we didn't see the Jack in The Box-bounce like Ethereum managed to do yesterday.
You can see here on the 4 hour chart, that the bearish volume is increasing. BTC has found support at around 7,600 and the EMA50.
When that is said: Still very low volatility, and this is almost like watching a 8 hour long chess match. Nothing much has changed.
Still have strong support at 7,500-7,400 USD. If we fall through here we will go to 7,200 USD, and then most likely go up to 8,000 USD!
2 things you can count o:
1. Whales don't like this game at the moment. 2. And I promise to keep you updated
Thanks guys for listening - appreciate it :)
코멘트
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There was the drop - We bounced at 7,514 USD! Let's see if that was enough...
코멘트
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Bears are still in control, but are losing momentum. We have a Doji Candle now, and getting support at 50 % retrace. We might see a reversal now - we might also go a bit lower to 78,6 % retrace. I'm pretty convinced we still will go to 8,000 USD.
The bulls are waiting patiently at the moment to take over again. Remember there are always a probability, that we will go lower than my dotted up trend line, but I don't see it as likely.
I expect an attack from the bulls before - we might see a sudden spike any time.
코멘트
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Still going according to the plan - and still seems like 8k is the target :)
Hey D4rk... I think you have become one of the most consistently incorrect traders here recently... No offence, I just think you need a bit of holiday from BTC trading...
Smoak
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"I nailed every single Bitcoin chart the last weeks..." I don't take enjoyment in calling people out in public but you need to reexamine your trading philosophy and your choice of profession. If you truly believe this to be true, I would suggest you take a break from trading for awhile. You will become a good trader by acknowledging your bad trades and learning from them. As it stands, you have a pattern of either pretending the bad trades never happened, blaming whales for price action, or going so low as to blame your followers for following your advice.
I took the liberty of going through some of your charts. When we were at 6700 you predicted 4887 -- price subsequently went to 9950. When we were at 9700 you made a post entitled "D4rkenergy is super bullish -- bitcoin will now go to 10,800". The price subsequently went to 7100. These are but just two examples of the many failed calls.
I do not take pleasure in typing such a harsh critique but you need to hear it from someone.
Smoak
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@Smoak, And have a look at my chart from 2 months ago. You'll notice that I charted the triangle before there was a triangle. I have not bragged about this...I took what I saw as an educated guess and I got lucky. That happens sometimes.
Tpd40
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@Smoak, you're spot on. I've been following this guy for months and never seen him "nail" any call.
karuselli
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@Smoak, I'm quite new to TA, (anyway just using it as an additional tool for occasional swings) and this guy was the first I came across... he seems to have a really nice narrative to get readers. Literally, every other trader seems to say you want to rather make money than be right. Yet this guy seems to be exactly pointing how he is always "right". I mean if someone has a business and readers they don't probably don't even trade lol.
Deadcool
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Hey Mr. Hype! Next time you wanna share someone's idea, why not just share the post itself, rather than making an incomplete funny copy! <3