As I told you before, Bitcoin is currently in the last wave of its rise, and we haven't formed our peak yet, but we are rising to reach new peaks, God willing. And a note for new followers: the cryptocurrency season does not start until we reach the peak of Bitcoin (and the peak is a price range, not a specific number).
I have a negative shark 🦈 pattern.
The shark pattern may target 105-106 and stop there, and we start correcting to the areas of 95-92.
Or
We could reach a new peak at 112, and this is also a range for the extended shark 🦈 pattern, and then we drop and correct to the same numbers 95-92.
In case it reaches a new peak, I will take into account this scenario 👇🏻 that I mentioned to you before, which is similar and identical to the scenario of 2021 (diagonal wave).
What will be different?
The target for Bitcoin, instead of targeting 140k,
it will stop at 120k - 125k.
And for me, it doesn't matter as much about Bitcoin as I am interested in the cryptocurrencies and their targets 🤝.
As soon as we finish our ABC correction for Bitcoin 👇🏻,
you will see the real rise of Ethereum and the cryptocurrencies.
I mentioned to you before the target for Ethereum and the liquidity of cryptocurrencies in previous posts...
Now it has achieved the most important candle in the wave, which is breaking the 50 moving average and trading above it - as long as this trend is maintained with daily closes - the targets and objectives for a new peak are clear However, if one wants to speculate on cryptocurrencies, the path is open
🟢 I bought currency $ATOM at the current price for investment purposes, aiming to reach its peak of $40
And I have decided to exit before the target or with a stop loss that amounts to, God willing
🔻 For your information, I had a quantity of less than 0.5% of currency $PORTAL in the wallet, I sold it and also bought Atom (because the currency has been placed on Binance for monitoring and may be deleted soon)
#FOMCMeeting 🚨🚨Important Alert for Cryptocurrencies👇🏻👇🏻
-The decline that occurred in cryptocurrencies over the last three months may be similar to the decline that happened from early January 2020 to the end of March.
-The decline will be very similar with only one condition, which is that Bitcoin needs to rise and close a weekly candle above the level of $102,500.
-If that happens, we will be very lucky, I swear by God, because we will experience a bull run and a very strong rise that will be huge, and you will find the person who lost -80% over the last three months achieving more than 10X profit.
-Make sure to remember this scenario well because many analysts are waiting for this opportunity to ride the wave only🤝
-When can you feel safe in the market? When my analysis of Bitcoin fails and it declines to levels of $58,000🤝