BITCOIN is STRONG - BUT Will DROP Very Soon - And Then RALLY!
Updated
Dear Ladies And Gentlemen!
Let me start telling you, that even though I believe we will go down short term, we are having a bullish Global Market Sentiment. I will claim, that it's likely that we will enter a BULL MARKET within 3 months.
Here are the reasons - we have for a long time seen:
-Increasing Global Market Cap
-Dropping BTC-Dominance
-Increasing Global Market Volume
Also take a look at this simple Volume Analysis:
So even though we just established, that the Market Sentiment is overall bullish, I don't think we will go through the ascending triangle now. Too many people have become bullish now, and it would be good for the hiding bears/whales to dump BTC a bit and shake things up, and THEN we will move up again after hitting my dotted line and blue rectangle, which also is equal to 61.8% retrace.
This idea also support our Elliott Wave idea. And at the same time EVEN though we will go down to around 3,7k it will not ruin the overall market sentiment. We are just taking a detour.
Are you ready?
D4 Loves You <3
Thanks for following me - Please leave a LIKE, friends. It's appreciated :)
Let me start telling you, that even though I believe we will go down short term, we are having a bullish Global Market Sentiment. I will claim, that it's likely that we will enter a BULL MARKET within 3 months.
Here are the reasons - we have for a long time seen:
-Increasing Global Market Cap
-Dropping BTC-Dominance
-Increasing Global Market Volume
Also take a look at this simple Volume Analysis:
So even though we just established, that the Market Sentiment is overall bullish, I don't think we will go through the ascending triangle now. Too many people have become bullish now, and it would be good for the hiding bears/whales to dump BTC a bit and shake things up, and THEN we will move up again after hitting my dotted line and blue rectangle, which also is equal to 61.8% retrace.
This idea also support our Elliott Wave idea. And at the same time EVEN though we will go down to around 3,7k it will not ruin the overall market sentiment. We are just taking a detour.
Are you ready?
D4 Loves You <3
Thanks for following me - Please leave a LIKE, friends. It's appreciated :)
Note
Let's take a closer look - I've now see many Top Traders have the first Elliott Wave counting. This is wring, my ladies and gentlemen.According to Elliott Waves rules and guidelines, Wave 4 IS ALLOWED to retrace down in 1st wave territory with a WICK.
BUT Wave 4 is NOT allowed to retrace 50% or more of wave 3!!
Mine is one the right - and so far we are still following my idea - we are about to create that C-Wave down.
Let's see if we continue to do so.
Note
BTC drop INCOMING! As you can we are caught in a Head & Shoulder formation, which means we will most likely go down.Also look at the MACD Histogram, that tells us that the bears are getting more and more momentum.
A drop seems unavoidable.
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