Who would have thought, that D4rkEnergY could get sick? I flew back to Seoul 4 days ago. Got 5 hours of sleep on the plane. Installed in my apartment. When I arrived at our office I was quickly briefed that we had a big event for clients, sponsors, ICO's in a big venue. I was told to prepare a speech and make a Live TA-show on Bitcoin for +500 people - aaand the event was about to start - I had 2 hours!
After the event we went out and had some dinner with our customers - Korean BBQ of course. For those of you who don't know how to do business in Korea, I'll reveal it here:
1. Eat 2. Drink Soju mixed with beer! 3. Drink more Soju 4. Talk, negotiate Repeat...
I'm from Denmark - and in Scandinavia we know how to drink... But D4rkEnergY had to surrender in the end... But now I'm finally back - and this time I'm going to tell you WHY Bitcoin soon will moon!
As you can see I have made a comparison between S.P.Y: S&P 500 and Bitcoin. The S.P.Y aims to track the Standard & Poor's 500 Index, which is comprised of 500 large- and mid-cap U.S. stocks
Here is what I have realized:
- Bitcoin is following S.P.Y - But with a delay - it seems like S.P.Y is in average 2-3 weeks ahead of Bitcoin
As you can see we have very similar patterns: - Bull run - Double bottoms - Double Top - Bear flag etc.
Now what?
S.P.Y started its new uptrend May 2nd. 12 days ago. As you can see on the RSI it started after a double bottom on RSI Level 43, where we also now on the BTC-chart has made our first bottom.
We are at 8,400 USD now (while I'm writing this post we are having a sick spike to 8,8k USD). But if we will follow S.P.Y we can expect to go down again, and make a double bottom before we will moon!
D4 Loves You <3
Nice to be back again - Please leave a LIKE and follow for more. Thanks in advance, my friends :)
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To clarify what the comparison chart are telling us. And let me also stress, that I of course cannot be sure of anything. This is all about probabilities - I have monitored these charts for a long time. I've also tried to compare BTC with other indexes etc.
So IF BTC keeps following SPY S&P 500 we can expect the following:
- That our bottom will probably be anywhere around 8,2k-7k - That we will NOT go under 6,500 USD. - And we hereafter can expect a new uptrend - The uptrend will take us to the green box - above 10k - under 11,7k (for now)
So this chart is only meant to give you guys some rough guidelines. The reason I say moon in the chart is based on SPY now, which finally has escaped its down trend channel and is now in a bull market, why we also can assume, that BTC also will go into a bull market soon and go pass 11,7k IF BTC keeps following SPY.
D4 <3
Please leave a LIKE if you appreciate the analysis :)
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Please pay attention to the RSI - As I told you IF we will keep follow SPY we will make a double bottom on the RSI in the 40ish LEVEL (which we are about to do now) before we will go into a steep uptrend!
So far it looks pretty good - We should now go to around 8,000 USD IF this idea should hold :)
D4 <3
Feel free to give a like - Thanks in advance!
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Wow, Bitcoin is following SPY pretty accurate so far. We now also have the double RSI bottom at level 40.
The big question is how low we will go now. As I said, we still compare with SPY we will not go under the red and purple bottoms before we will go into a steep uptrend, which means that we will not go under 6,500 USD.
Many people are starting to become really bearish now, and talk about 7,200 USD - it tells me, that bulls are going to surprise us before. We will go into a steep uptrend before. Maybe between 8,2k 7,8k.
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Here we have the double bottom - only difference is more noise on BTC RSI and more curves on tops and bottoms.
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Sorry for all the updates, guys, if you keep getting notifications on e-mail. Here is the new chart.
trusr me folks, do exactly the oppposite as to what d4rkenergy, poop professor and botje have to say.
now this dude says moon soon? i short very soon.
lets see who will be right.