D4rkEnergY is back! With the 2nd Bitcoin chart for today! Let me be honest to you guys! Bitcoin has been sooooo hard for me to predict the last couple of weeks. From what I can see in here, almost every Top TA author in here and the top Crypto-TA guys on Twitter have the same experience.
Every indicator points in one direction, you get confirmation, and suddenly everything changes 180 degrees. Bull traps, bear traps everywhere.
I've been in this game in a long time. And that is part of it. Sometimes the market is just so chaotic!
I don't know if you remember? I made this chart 2 days ago, but I slowly started to NOT believe in it. And I threw it out of the window. But maybe it's not so stupid - So far it has been following my predictions. So let's take a look at it again.
We are at this very moment fighting with the EMA50! As I see it, we have 2 plausible scenarios now! But what do I know about TA?
1. We might be on the B-wave (blue). But for this scenario to succeed we have to go above 7,500 USD, which will indeed be hard. There are so much confluence resistance in that area. Including the EMA100.
2. We might be in a triangle ABCDE corrective pattern (orange), which I find most likely, at this moment. It means that we will go sideways for a while, as you can see.
But again: What do I know about TA??
D4 Loves you <3
Remember to give me a LIKE - not because of my shitty TA. Just because I'm a nice guy :)