Here Is The SECRET PATH - WHY BITCOIN will MOON very soon!!

Updated
Dear Friends! :)

Who would have thought, that D4rkEnergY could get sick? I flew back to Seoul 4 days ago. Got 5 hours of sleep on the plane. Installed in my apartment. When I arrived at our office I was quickly briefed that we had a big event for clients, sponsors, ICO's in a big venue. I was told to prepare a speech and make a Live TA-show on Bitcoin for +500 people - aaand the event was about to start - I had 2 hours!

After the event we went out and had some dinner with our customers - Korean BBQ of course. For those of you who don't know how to do business in Korea, I'll reveal it here:

1. Eat
2. Drink Soju mixed with beer!
3. Drink more Soju
4. Talk, negotiate
Repeat...

I'm from Denmark - and in Scandinavia we know how to drink... But D4rkEnergY had to surrender in the end... But now I'm finally back - and this time I'm going to tell you WHY Bitcoin soon will moon!

As you can see I have made a comparison between S.P.Y: S&P 500 and Bitcoin. The S.P.Y aims to track the Standard & Poor's 500 Index, which is comprised of 500 large- and mid-cap U.S. stocks

Here is what I have realized:

- Bitcoin is following S.P.Y
- But with a delay - it seems like S.P.Y is in average 2-3 weeks ahead of Bitcoin

As you can see we have very similar patterns:
- Bull run
- Double bottoms
- Double Top
- Bear flag etc.

Now what?

S.P.Y started its new uptrend May 2nd. 12 days ago. As you can see on the RSI it started after a double bottom on RSI Level 43, where we also now on the BTC-chart has made our first bottom.

We are at 8,400 USD now (while I'm writing this post we are having a sick spike to 8,8k USD). But if we will follow S.P.Y we can expect to go down again, and make a double bottom before we will moon!

D4 Loves You <3

Nice to be back again - Please leave a LIKE and follow for more. Thanks in advance, my friends :)
Note
To clarify what the comparison chart are telling us. And let me also stress, that I of course cannot be sure of anything. This is all about probabilities - I have monitored these charts for a long time. I've also tried to compare BTC with other indexes etc.

So IF BTC keeps following SPY S&P 500 we can expect the following:

- That our bottom will probably be anywhere around 8,2k-7k
- That we will NOT go under 6,500 USD.
- And we hereafter can expect a new uptrend
- The uptrend will take us to the green box - above 10k - under 11,7k (for now)

So this chart is only meant to give you guys some rough guidelines. The reason I say moon in the chart is based on SPY now, which finally has escaped its down trend channel and is now in a bull market, why we also can assume, that BTC also will go into a bull market soon and go pass 11,7k IF BTC keeps following SPY.

D4 <3

Please leave a LIKE if you appreciate the analysis :)

snapshot
Note
Please pay attention to the RSI - As I told you IF we will keep follow SPY we will make a double bottom on the RSI in the 40ish LEVEL (which we are about to do now) before we will go into a steep uptrend!

So far it looks pretty good - We should now go to around 8,000 USD IF this idea should hold :)

D4 <3

Feel free to give a like - Thanks in advance!

snapshot
Note
Wow, Bitcoin is following SPY pretty accurate so far. We now also have the double RSI bottom at level 40.

The big question is how low we will go now. As I said, we still compare with SPY we will not go under the red and purple bottoms before we will go into a steep uptrend, which means that we will not go under 6,500 USD.

Many people are starting to become really bearish now, and talk about 7,200 USD - it tells me, that bulls are going to surprise us before. We will go into a steep uptrend before. Maybe between 8,2k 7,8k.

snapshot
Note
Here we have the double bottom - only difference is more noise on BTC RSI and more curves on tops and bottoms.

snapshot
Note
Sorry for all the updates, guys, if you keep getting notifications on e-mail. Here is the new chart.

BITCOIN Ready For TAKE OFF - But How Low Will We Go Before???
Bearish FlagBitcoin (Cryptocurrency)BTCBTCUSDChart PatternscomparisonDouble TopTechnical Indicatorssandp500S&P 500 (SPX500)Trend Analysis

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