Long

BITCOIN Weekly: Bitcoin Has NEVER Been More BULLISH Than Now!

Updated

D4rkEnergY is back to you guys - he is here to SPREAD Love AND WISDOM to everyone the Crypto-Community. You know how we do it - Its always healthy to zoom out once in a while, and get an idea about the bigger Picture of Bitcoin, and take a look at the Bigger Trends.

Therefore: Here is the Weekly Chart

Bullish, Bullish, Bullish...

- Bullish Momentum (greed) is once again increasing
- RSI shows strength, AND allow us to take us higher WITHOUT having any bigger retracement.
-Volume is AGAIN increasing, and even though its only Saturday, we are already 33% higher than the MA20 Volume.
- We have THE Strongest candle (The Marubozu) - almost. We have a tiny wick on the body. The candle for the week isnt closed though. But if we manage to close it tomorrow around here, we are flying.
- I have drawn the most important Resistance Levels for you.
-Clearance. Notice that after 11,639 USD, we have clearance, which basically means, that not a lot of trades are made in this area compared to at other price points, WHY we easier that we will go up hence the lack of resistance.

Conclusion

It pretty much speaks for it self. We are not just talking Bullish. This is Uber Bullish.

With Love From D4rkEnergY

PS. If you havent yet seen my interwiew with TradingView, you can find it here. tradingview.com/shows/crypto-beadles/tradingview-sessions/
PPS. Please hit that Like-Button, Like a BOSS! It make me happy!

Note

Lets zoom in- There might be MONEY to be made right now. As you can see we have been trading inside an up channel.

First the ascending triangle took us above 10,000 USD with help from whales and exchanges. Before that, a steep uptrend and a pennant, helped us all the way to 11k.

And THEN suddenly a 1,000 USD Stop Hunt in less than a minute. BUT did you notice how hast the bulls were to buy up.

The bulls are still determined, and I think the descending wedge will take us further up, as illustrated on the chart.

Lets say - Remember LOVE and Wisdom is the most important thing in life. So spread some love. It makes me happy, and I will keep you updated!

D4 Loves You!

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We are now OUTSIDE the wedge and closed ABOVE EMA20 - beautiful. Now we just need to go above EMA8, and then we are back in cruising mode.

Come on guys - Lets do it together!!

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I must admit that the Stop Hunt confused me, so we might have another Scenario in play - I still believe we will go to 11,600 USD, but we now have 2 scenarios.

The one I showed you above this post. And then a 335 Expanded Flat ABC structure, which will mean we have one more wave down, before we will go up again!

Good Luck, once again!

Note

Crazy Battle here. This is SUPER interesting, and we will SOON get an answer, who will win, hence we are at the end of triangle.

Bullish Signs:
-When you come from an uptrend, and go in to a neutral triangle, there are a bigger chance, that we will break to the upside.
- Because of the long wich below the body, shows that the bulls are super stong, an buy up instantly when the bears try to push the price lower.

Bearish signs:
-It has structure as a Head and Shoulder. We have a big right shoulder, which makes this structure LESS bearish
-Inside the neutral triangle, we have a descending triangle, which is the neckline of the HS.

Everything taken into consideration, I think there are a bigger chance that we will break up. Its very hard to say, but I choose to put a lot of weight on the strong and instant buy backs (long wicks) we see from the bulls.

But lets see!

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It seems like it WAS the Second scenario, that seems to be the right one. Here is an advice, and what I have done, when I am in doubt. I know those 2 scenarios are valid, so I obviously when I made my chart put the Stop Loss below the Red Rectangle where we have a lot of support.

I have counted the Elliott Waves for you, and it seems like it really fits with Scenario 2, why we should go up right now. We MIGHT go down and have the same lenght at te A-wave, or we can in fact go up already now, and then continue our journey towards 11,600 USD.

Look at this from the bright side. We ARE in a BULL MARKET. Every time the price goes lower like this, we just get an opportunity to buy BITCOIN with a discount.

D4 Love You!

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BOOOM! Thats why we love our waves... Thats an impulse wave. Now we just need to fight and get through the EMA20 and EMA8, which act as resistance. IF and WHEN that happens, we are again in parabolic movement, and we will most likely hit my 11,600 USD target!!

Please give a LIKE!

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You can here see how we managed to break THROUGH the very important EMAs and now we can finally cruise on top of them. On top of that we are almost through the last very hard resistance at my red rectangle.

If we can close this candle here, it looks really good!

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BOOM! Did it again - cannot lose on Bitcoin at the moment!

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Update: Ouuch! Strong Bitcoin Bulls Have Bears in Hard Arm Locks!

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The WEEK is almost over. Lets take a LAST look. Wow. Look at the volume now - it has increased to 2x the MA20 Volume.

MACD shows still enourmeous amount of greed, and its increasing.

We prefereably want to close at least in 10,500 USD area, but I think it will be higher. And if THAT is the case, I dont know what.

We are serioulsy talking about a New All Time High, as I also mentioned in my interview with TradingView.

D4rkEnergY

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BITCOIN Will Continue - NEXT Stop 11,600 USD!

by D4rkEnergY

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