Sorry BITCOIN-Bears! You Don't Stand a Chance - Go BULLS!Dear Friends!
It's not any secret, that D4rkEnergY was the first to call a Bull Market. Already February 5th I did spot the accumulation-phase, and told you when we would escape the Trading Range.
On Twitter 2 weeks ago, when everyone was bearish, I told you, that we soon would enter a Bull Market.
Enough about how good I am, and let's instead take a look at the 2H XBTUSD Chart. Let me just start put it out there: Bears don't stand any chance at this very moment! THE only thing that can save you bears is IF the big spike we had was manipulation.
BULLISH SIGNS:
- We have escaped the down trendline
- Since December 15th where our uptrend started we have had increasing volume. We also call that Price/Volume Trend Convergence, which basically means that is supports the ongoing trend.
- Bullish Momentum is huge
- Increasing Global Market Cap and Volume , which tells us that the Market Sentiment is bullish
Let's take a look at the TA. Even though I have been bullish and been LONG since 4,800 USD, I must agree that, I have had a hard time to figure out this 4th wave correction.
I've spent a bit more time on my Elliott Waves, and have now come to the result you can see above, which also is the most likely scenario. What we have here is is a Primary 1-5 Structure (in blue), but where we have an EXTENSION (in orange) inside the 3rd Wave.
We are now in the process of making the 4th wave in orange. And as I mentioned before, right now it's pretty hard to determine what kind of a correction we would see - I tried yesterday but it didn't work out that well.
But I now see 2 options:
1. A triangle correction which we also label ABCDE
2. Or some kind of WXY with a Flat Structure first
I promise to keep you updated, when we get more info!
D4 is here for you <3
And as always - I would be SUPER HAPPY if you gave me a LIKE - Thanks in advance!
