Hello, my beloved fans!
D4rkEnergY will once again spread wisdom to his followers!
Evil voices in the Crypto community has for a long time tried to convince D4rkEnergY, that we again will go down to 7k again. Even 5k or under has he heard mentioned.
First of all... D4rkEnergY acknowledges that the chart he posted is not THAT relevant in this case. This is more a matter of psychological analysis
But let us anyway just shortly take a look at he 4h BTCUSDT chart.
As you can see on the MACD, the bulls are starting to lose momentum after a long uptrend. A bearish MACD cross is on its way. At the same time the RSI has just made a confirmed double top.
Therefore there are no doubt a retracement is on its way. A 50 % percent pullback is pretty normal, which is also equal to 8,000 USD.
BUT!.... The reason, that we probably not will see such big of a retracement is because of 2 things.
1. We have HUGE support at 10k and 8k. Also we have great support on 9,5k, 9k and 8,5k. Fans, always remember that the BIG EVEN numbers acts as heavy support and resistance levels.
2. And this is probably the most important thing. Weeks ago we were in a situation, where all the noobs and new cryptoholders for the first time saw a huge retracement. They were fudding out like crazy.
Today is a different story. The noobs who is still here, have now experienced that BTC is able to recover and go up again. There is a new reborn trust in the market. The EMA100 and EMA200 are getting closer and closer which emphasizes my point.
You are welcome!
--D4rkEnergY is everywhere, D4rkEnergY knows everything!
D4rkEnergY will once again spread wisdom to his followers!
Evil voices in the Crypto community has for a long time tried to convince D4rkEnergY, that we again will go down to 7k again. Even 5k or under has he heard mentioned.
First of all... D4rkEnergY acknowledges that the chart he posted is not THAT relevant in this case. This is more a matter of psychological analysis
But let us anyway just shortly take a look at he 4h BTCUSDT chart.
As you can see on the MACD, the bulls are starting to lose momentum after a long uptrend. A bearish MACD cross is on its way. At the same time the RSI has just made a confirmed double top.
Therefore there are no doubt a retracement is on its way. A 50 % percent pullback is pretty normal, which is also equal to 8,000 USD.
BUT!.... The reason, that we probably not will see such big of a retracement is because of 2 things.
1. We have HUGE support at 10k and 8k. Also we have great support on 9,5k, 9k and 8,5k. Fans, always remember that the BIG EVEN numbers acts as heavy support and resistance levels.
2. And this is probably the most important thing. Weeks ago we were in a situation, where all the noobs and new cryptoholders for the first time saw a huge retracement. They were fudding out like crazy.
Today is a different story. The noobs who is still here, have now experienced that BTC is able to recover and go up again. There is a new reborn trust in the market. The EMA100 and EMA200 are getting closer and closer which emphasizes my point.
You are welcome!
--D4rkEnergY is everywhere, D4rkEnergY knows everything!