Bears About to Drag Bulls Down in the Mud: Next Stop: 7,200 USD
Updated
Dear Friends!
Please forgive me. This will be a very short update - D4rkEnergY will not let you down, so I will make an update. But I got the flu, so... Yea, let's jump in. We are once again taking a look at the 4h BTCUSD Chart.
As I told you yesterday, it would be very hard to break out and go into a reversal. Lucky, lucky me, I was right - In the previous chart I also told you about a potential HS Pattern coming up, and that is exactly what we are facing at this very moment.
Everything is pointing in the direction, that we still will go lower, and probably have another bounce at around 7,500ish. Thereafter we will go to 7,2xx USD (which is equal to 78,6 fib retrace).
And THAT will be exciting - we here will have a real chance to go into a real reversal, and back in an uptrend....
I'll keep you updated!
D4 loves you <3
Sorry for the short update, guys. I will soon come back even stronger - please give a LIKE - Thank you, my friends :)
Please forgive me. This will be a very short update - D4rkEnergY will not let you down, so I will make an update. But I got the flu, so... Yea, let's jump in. We are once again taking a look at the 4h BTCUSD Chart.
As I told you yesterday, it would be very hard to break out and go into a reversal. Lucky, lucky me, I was right - In the previous chart I also told you about a potential HS Pattern coming up, and that is exactly what we are facing at this very moment.
Everything is pointing in the direction, that we still will go lower, and probably have another bounce at around 7,500ish. Thereafter we will go to 7,2xx USD (which is equal to 78,6 fib retrace).
And THAT will be exciting - we here will have a real chance to go into a real reversal, and back in an uptrend....
I'll keep you updated!
D4 loves you <3
Sorry for the short update, guys. I will soon come back even stronger - please give a LIKE - Thank you, my friends :)
Note
7,900 USD Now. So pretty much as expected, Bitcoin is falling lower due to the HS pattern. I also want you to pay attention to the volume bars. 6 red bars - and all bearish. And the last one is now increasing and will probably hit at least the MA20 Volume.7,850 while I'm writing. I will follow up on this later!
Peace my friends <3
Note
7,750 USD! It doesn't seem to stop so far. After the fall from the HS pattern, we are now in a bear flag formation, which predict we will go even lower.We have at this very moment found support on previous support and resistance level (yellow circle).
If you take a look the volume bars, we had only ONE green volume bar but no follow up. It basically tells us, that we don't have many bulls out there at the moment.
Also pay attention to the the RSI. It could very well take a dive into the oversold zone.
I will follow up on this later - thank you my friends - remember to give a LIKE <3
Note
7,560 USD now! Bitcoin is in free fall. As expected the bear flag has completed. Please pay attention to the last 3 volume bars. All bearish. Expect the last one to be higher. We still still have 1 hour and 20 min. left to finish the bar. All above MA20 volume.We will probably start to see some support and a bounce around 7,400 and 7,500 - but 7,200 USD is still our target for now.
<3
Note
Here is a scenario that could shoot us in 8k. This is very hypothetical. Just to show you, how patterns can play out.I'm still sick, and also Im in an airport right now flying back to our other office, so bare with me, if I don't update so much today :)
<3
Note
6 days ago I told you we would hit 7,200 USD before we would get our first chance to go into a reversal. And we hit 7,24x. So the few people out there who are claiming I was wrong are technically correct :) The big question is now, will we go back into a reversal now, or will we go even lower?
I will follow up on this in my next chart! Remember to give a BIG LIKE - Thx in advance :)
Note
The Update is here: BITCOIN Will Soon Hit 11,000 USD OR 6,000 USD - Here is WHY!
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