NEXT UP: BITCOIN In Major Fight Against Reigning Champion! SIGH.Hello Friends & Family, Ladies and Gentleman
Tomorrow... we are going to witness, the most anticipated match in the history of crypto trading for the heavy weight championship of the Woooorld! In the blue corner, we have BITCOIN, up and coming super star with a record of 10 wins and only 3 losses. In the red corner we have THE reigning, undisputed champion of the World, Mister 11,8K, with 25 wins and only 1 loss!
Are you ready?? Cryyypto-faans, aaaaare youuuuu reeeeady?? For the millions of people watching around the world, live directly from TradingView, ladies and gentleman, aaaare you reaaady to ruuuuuuuuuuuuuuumblee??
We are now taking a look at the 4h BTCUSD Chart. D4rkEnergYs 55 % scenario has been spot on so far. We are finally in an uptrend with the EMA50 way under us. The EMA100 are almost crossing the EMA200. Life IS indeed wonderful!
As you can see, we are still on the 3rd subwave on the 5th Elliot Wave. That means we are still cruising up, up, up. I want to you take notice of the RSI. If we don't manage to make 3 higher highs, we will very soon have a smaller correction, before we reach our first target at 11,8k, due to the ascending wedge on the RSI. But don't it let scare you. I also want you to pay attention to the MACD, how the bulls 2 times managed to reject a bearish MACD-Cross.
Last but not least. Many people have mentioned the lack of volume lately. And you guys are right. But there is a reason. In other markets when you shift into an uptrend we usually see more volume. The reason why that's not the case here is because the crypto market is still new, and we don't have big institutional buyers yet. But don't let it fool you.
So D4 is still super bullish on BTC, and it will only be a matter of time before we will stand face to face with the reigning champion of the World, Mister 11,8k! This will indeed be a tough match, but as I already predicted many weeks ago: Bitcoin WILL WIN in the end due to the inverse HS pattern and the new trust in the market.
I will follow up, and give you guys updates. Please hit that LIKE BUTTON and FOLLOW. Thank you so much <3
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