Bitcoin definitely needs to break through here because there are terrible reverse odds. We are at a MACRO turning point. We are at the place where the bear and the bull mate😁
For example, there is a similarity with the RSI and the chart from 2022.
I am also watching, and in case of a possible reverse drop, I will have to exit from spot positions. I hope we break through, it won't confuse our minds at all. We will also experience a nice rally. #Bitcoin
Bitcoin is currently in a terrible position, but the good thing is that USDT.D+USDC.D has not yet reached the target.
I determine the targets using Fibonacci with Elliott, and since the targets have been reached in Bitcoin and ETH, I am currently uncertain whether it will continue or if the target was sufficient for the rise, as you know.
Fortunately, this chart has not yet reached its target, which is a good thing; we should continue upwards according to this chart for a while longer.
In the meantime, we will also find decisive clues for the direction of BTC and ETH. #Bitcoin #Ethereum
Crypto is currently in a position like a double-edged sword.
While Bitcoin couldn't make a new peak on the short-term chart, altcoins set new peaks (see the last two days' chart). This generally suggests a dump to me, to be honest, because it has happened a few times before and a dump followed, for example in December or so, but it doesn't mean it will always be like this.
Sometimes the altcoins go ahead, but this happens much less frequently.
Bitcoin also had a target of 96k, and it hasn't reached it yet. On top of that, the altcoins have started to move, my mind is stuck right now.
On one hand, I've been waiting in losses on spot for months; I have trauma and I don't want the same thing to happen again. On the other hand, there's a possibility that the rally could continue after a small correction. Because altcoins have really turned from the very bottom. At the same time, there hasn't been a target reached in BTC either, it's hard to figure this out. #bitcoin
ETH has increased a little again but is starting to drop, oh my God.
Now there are two Elliott scenarios:
🟢 The first one has a high probability, so I think we can be happy if it comes down to around 1670-80 levels, I want to go long. It could also move before reaching there, I am currently short on BTC, hopefully after closing the BTC short I will look to go long on ETH if I hit my take profit.
🔴 The second scenario is another collapse scenario, whatever God gives, the target is around 700 dollars or so :((( #bitcoin #Ethereum
91400 and the red box (hamzabox) are the supports I identified using Elliot Fibonacci. If there is a reaction from these levels, I am considering taking a long position.
If the price exceeds 93 before reaching those levels, I will assess the current situation and consider taking a short position until my identified supports.
I will provide updates when taking any position. #Bitcoin
The TOTAL3 chart in altcoins has a minimum target according to Elliot Fibonacci at 876.
I said 96600 for Bitcoin, it's almost there⌛️ The target for ETH was 1793, and that has been reached✅ For altcoins, the target is also 876, I'm saying this for the first time👍
I determine the targets by using Fibonacci with Elliot, I don't just say ETH will be 5000 or my ARB target will be 100. There is a mathematical aspect to it. #bitcoin #Ethereum
However, if selling starts, a correction back to 83-84 may occur. Since there is currently no selling, there's no need to discuss this. If there is selling, I will provide an update for short positions.
I will look for long opportunities after noon. #Bitcoin
The US stock markets are closed, so Bitcoin has been fluctuating around 100 dollars since this morning, I'm just staring at the empty screen, I need money brother, come on #Bitcoin
I am not taking a position right now. If it reaches $85,700 and loses momentum, and the market gives negative signals, I may look for a short opportunity.
However, if it drops without seeing $85,700, I will stay on the sidelines. Strategic waiting!
The 15-minute chart of Ethereum looks incredibly similar to its structure before the rise between 800-2000 dollars! Although the timeframes are different, the similarity in the charts is truly remarkable.
As long as it stays above 1476, it will continue to resemble.
It may not be exactly the same, that's a separate issue, but the charts do look quite alike. (there's no certainty after all) #Ethereum #Bitcoin
We were wrong on time for altcoins and stayed on the spot, alright.
But while dominance has surpassed 64, and ETHBTC is at a low, I don't understand how altcoins that speak negatively are trash, but such things will always happen.
''When dominance is 40, altcoins will save the world, ETH will surpass Bitcoin,'' they say.
Now they say the exact opposite.
This cycle will turn around for sure. #Bitcoin #Ethereum