D4rkEnergY Will Show You BITCOINS Path - MOST LIKELY SCENARIO!
Updated
Let me talk a bit about psychology first - because this is super important.
When the market starts to turn bullish, traders tend to become impatient. That is a normal human behavior since we don't want to miss out on a potential rally - you have probably heard about FOMO (Fear Of Missing Out).
This is in our biology, so we all feel it. But some people are better at dealing with it. It's all about having the right mindset.
And THIS is THE biggest challenge at this stage of the Market Cycle. YOU are your own biggest enemy right now. Don't just jump in a trade cause the price is moving quickly. Be patient. Good opportunities occur all the time
---------------
I've been telling people since February the 5th, that we were in an accumulation phase. One week ago I wrote on Twitter, that we would escape the trading range before you would expect it. I also said that we would enter a Bull Market soon - and now see where we are. Everything is looking good.
You guys know I'm honest - So I will also tell when I'm wrong. And I was wrong in my last chart, when I predicted, that we would take a small detour first before we would go up. But that is the name of the game.
Now take a look at XBTUSD 1D Chart - let's jump in. Here is what I think's gonna happen! Right now we are on the 5th Sub wave (purple) on the 3rd Main Wave (blue). The 5th subwave will probably be pretty short due to resistance at 5,2xx USD.
So my advice to you is to wait. Because soon we will retrace a bit (4th wave). And then, my ladies and gentlemen, we will GO UP AGAIN. Our target is between the 2 red lines - most likely 6,000-6,300 USD.
It's going to be an AMAZING summer!
D4 <3
And as always - I would be really happy for a LIKE!
When the market starts to turn bullish, traders tend to become impatient. That is a normal human behavior since we don't want to miss out on a potential rally - you have probably heard about FOMO (Fear Of Missing Out).
This is in our biology, so we all feel it. But some people are better at dealing with it. It's all about having the right mindset.
And THIS is THE biggest challenge at this stage of the Market Cycle. YOU are your own biggest enemy right now. Don't just jump in a trade cause the price is moving quickly. Be patient. Good opportunities occur all the time
---------------
I've been telling people since February the 5th, that we were in an accumulation phase. One week ago I wrote on Twitter, that we would escape the trading range before you would expect it. I also said that we would enter a Bull Market soon - and now see where we are. Everything is looking good.
You guys know I'm honest - So I will also tell when I'm wrong. And I was wrong in my last chart, when I predicted, that we would take a small detour first before we would go up. But that is the name of the game.
Now take a look at XBTUSD 1D Chart - let's jump in. Here is what I think's gonna happen! Right now we are on the 5th Sub wave (purple) on the 3rd Main Wave (blue). The 5th subwave will probably be pretty short due to resistance at 5,2xx USD.
So my advice to you is to wait. Because soon we will retrace a bit (4th wave). And then, my ladies and gentlemen, we will GO UP AGAIN. Our target is between the 2 red lines - most likely 6,000-6,300 USD.
It's going to be an AMAZING summer!
D4 <3
And as always - I would be really happy for a LIKE!
Note
If we take a closer look, we can easily realize what I mentioned above. THE STRUGGLE. The 5th Sub-Wave is having a hard time with the red resistance line, and therefor we might see it be truncated.
Thereafter we will retrace on wave 4.
Note
Here is the chart where told you about the bull market, and that we soon would escape the Trading Range
Note
So far so good! We went further up as I told you guys to finish our 5th subwave on the 3rd wave. Now we should be on the 4th wave and are waiting patiently for it to retrace down to around 38.2 % retrace.Hereafter we will go up again and finish our 5th Wave!
Note
THAT is why our Elliott Waves are so sublime - First up, and now down as predicted!Go, go!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.