Hello my friends! <3
I have been working for 3 months now non stop. 18 hours a day. Not a single day off. No sleep. That is not healthy at all, and I'm not proud of it. I don't get enough sleep. I used to work out a LOT. I eat ok, but not enough.
Yea, you would never guess, but I also used to meditate every morning and do mindfulness exercises. But not anymore.
So let's take a look at this boring Bitcoin update. 1h BTCUSD chart. So yesterday I gave you 2 scenarios. The bearish one won. We got rejected again and again of the dangerous zone of confluence resistance.
We fell down and got an Elliott Wave Failure. I have now - as you can see - created a new Elliott Wave Cycle. At this very moment we are what seems like done with the ABC-correction of the whole cycle. Only 38,2 % though. EW Guidelines suggest at least 50. What ever..
We are now trying to restart a new 1-5 Cycle. So far so good - it seems like we already have had a 50 % retracement on the 2nd sub-sub wave. So we are going in the right direction at the moment trying to climb the 3rd Primary EW. Please pay attention to the MACD, which is about to make a bullish MACD Cross. The RSI also allow us to higher. A dream scenario would be if we could go to the bottom of the red line, and then have a correction to create a new momentum, and hopefully this time go through the zone of danger.
Please also take notice of the new Inverse HS pattern, which might help us through. All the Elliot Waves perfectly matches the existent patterns.
Then we have the bearish scenario. If BTC breaks 8,4xx we are pretty much screwed. We will hereafter due to the HS pattern automatically fall to around 8,200 where the next support is.
Let's see what gonna happen! Please give this lousy chart a LIKE. Give me some sympathy.
D4 loves you <3