BITCOIN-Bulls and Bears in 110 Metres Hurdles - Who's Gonna WIN?

Heeey Friends :)

D4rkEnergY is back with another update on Bitcoin. Very soon we gonna witness a race between the bulls and bears! The big question is, who's gonna win. To find out let's take a closer look at the 4h BTCUSD Chart.

Since we finally escaped from the descending wedge it hasn't been easy for the bulls. We have slowly and steady been crawling up though with a lot of boring and sideways movement. Very little volume, which probably is due to the weekend but also because we don't have that many buyers and sellers just above 8,000 USD.

As you can see we are right now around 8,300 USD and a nice Inverse Head and Shoulder pattern is taking form, which probably sooner or later will take us up around 8,600 USD! All my red rectangles are resistance zones.

We have a lot of obstacles on our way to 10,000 USD, as you can see, and it will definitely not be an easy race for the bulls to win. So far I'm still going with the bulls for now.

We will have our first BIG hurdle around 8,640-8,845 USD. If we don't fall here and are able to make that jump over this zone, we will most likely go to 10,000 USD!!

This will be super exciting to follow, and I promise to keep you updated. Please leave a LIKE, my friends :)

D4 Loves You <3

Kommentar:

Let's take a closer look and see, what is happening! As you can see the bulls still manage to push the price higher. We don't have a lot of action, but it still looks like we soon will go through 8,400 USD and go up via the inverse HS pattern.

Also pay attention to the bearish MACD-cross rejection from the bulls. The bulls are slowly becoming more greedy and gaining trust!

D4 <3

I would be happy if you gave me a LIKE :)

Kommentar:

BOOOOOOOM!! I told you, my friends :) I saw the greed coming.... Almost 8,500 USD NOW!!

D4 deserves a LIKE <3

Kommentar:

Really doing great so far. BUT guys, be careful now. We are close to our biggest obstacle. We are at a really crucial moment. Our biggest obstacles are 8,640 and 8,850 USD.

If we can go through these zones we will most likely reach 10,000 USD IMO. But this is not easy.

D4 <3

Kommentar:

Here are the 2 scenarios. I'm still bullish so far like 60-40. But as I also pointed out before, this can also be part of a bigger XWY pattern, which eventually will take us lower.

Let's hope we can hold this level for a while and get our 5th sub wave on the 3rd wave going!!

D4 <3

Kommentar:

As you can see we are so far beautifully bouncing around 8,475, which is equal to 38,2 % Fib retracement level on the 4th sub wave.

Kommentar:

Let's go back to some classical charting, which also illustrates, that bulls are doing a great job. Here on the 1h chart you can see how a bigger Inverse HS Pattern has taking form and also a bull flag!

This is exactly what we need to go through the next major hurdle at 8,6k and send up to around 8,700 USD!

D4 <3

Kommentar:

INSANITY at the moment!! HUGE fight at this very moment between bulls and the bears. Remember what I told you about 8,640 USD?

This is so crucial for bulls to go higher other - If we don't manage this will probably be a B-wave and we will go down!

D4 <3

Kommentar:

Forget about the waves above. Wrong chart. We need to go higher and make a longer 3rd wave.

Kommentar:

Bulls really have to do something soon! The waves are not super strong, and the hard rejection at 8,640 means we have a really short truncated 3rd wave.

This makes its more likely, that we are part of the bigger WXY- combination pattern, which can take us down in the green box.

Be careful, guys!

D4 <3

Kommentar:

Update is here :)