Bitcoin Bulls and Whales Are Not Done Yet - We Will Go Higher!
Updated
D4rkEnergY is back once again with another interesting update on Bitcoin - He is here to spread LOVE and WISDOM to the crypto community. He has been more precise hitting Bitcoin targets than a sniper - here was the latest BTC-Chart
But dont its over yet. We will go higher, and D4 will tell you why. First take a look at the Short vs Long indicator, and how many Shorts we have now. Its seems like everyone expect that we will go down now. And you now what that means - the opposite usually happens. The Shorts are hiding around 11.6k and 12k.
Our classical charting (our big ascending triangle our our steep uptrend followed by a pennant) allow us to go up there.
So here is what most likely will happen now
The whales will punish the Shorts and we will go up STRAIGHT away - that is they really want to be cruel to the Shorts. Is definiteley an option. Or we might we a smaller retracement (Notice smaller) inside my bigger triangle, so we keep making higher lows, and we will hereafter go up!
D4 Loves You <3
I would appreciate a LIKE! Thanks, my friends!
But dont its over yet. We will go higher, and D4 will tell you why. First take a look at the Short vs Long indicator, and how many Shorts we have now. Its seems like everyone expect that we will go down now. And you now what that means - the opposite usually happens. The Shorts are hiding around 11.6k and 12k.
Our classical charting (our big ascending triangle our our steep uptrend followed by a pennant) allow us to go up there.
So here is what most likely will happen now
The whales will punish the Shorts and we will go up STRAIGHT away - that is they really want to be cruel to the Shorts. Is definiteley an option. Or we might we a smaller retracement (Notice smaller) inside my bigger triangle, so we keep making higher lows, and we will hereafter go up!
D4 Loves You <3
I would appreciate a LIKE! Thanks, my friends!
Note
Stop Hunt, Stop Hunt and now the 3rd Stop Hunt!The pattern is pretty clear here. Whales are pushing us higher, and now for the 3rd time we are getting a Stop Hunt in the other direction when we hit the upper trend line.
First we are slowly killing and eating the shorts when we are pushing forward, and then a quick stop hunt in the other direction. Whales are optimizing the profit this way.
The story the chart is telling me, is extremely bullish, and nothing has changed since 5k USD. Its obviously hard to figure exactly when the Whales are making the Stop Hunts down.
But that doesnt really matter for us. We will continue with our plan. We will continue to swim with the whales.
BTC-dominance is now 60%, and as I see it, it will continue higher, so we will still focus primarily on BTC.
Nothing has changed. Im still convinved we will go above 11.6k USD and to around 12k USD - now we will just take a small detour first.
Please give a LIKE and I will reveal the bigger picture for you, and how we most likely will move!
Note
The Whales are playing it to perfection. Must give them credit for that. Thats also why Im telling you, and why I always tell you, that the best thing you can do is to swim with the whales.It obviously requires you have a high interpersonal intelligence, so you are able to put your self, in their shoes. We can also call it empathy. Trading is not just about having a logical-mathematical intelligence, whis obviously are needed hence you must be good at patter recoqnition and reasoning.
You can be a good trader, and win money, and you can be an excellent trader, AND if you dont have that psychological skill set, you will never get there.
As you can, we are still inside what looks to me like a 5th wave ending diagonal on the Primary 3rd wave, BUT we are also still inside the little upchannel, which still allow us to go straight up. But after that Stop Hunt I find it less, likely and we will most likely go down to wave 4.
I hope you like the content. If you do please, give a like. It motivates me do do this free service for you guys.
Thanks in advance.
Note
HUGE Fight at the moment. This is insanity. We are back to the good old days. Even D4 is impressed with the whales trying to go through 11.6K USD right now...I will follow up..
Note
And now it starts. Whales have managed to go through 11,600 USD, and the Short killing has begun!Note
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