Sunday Update Bitcoin - Saved by the bell
Good afternoon, dear investors!
I hope that everyone took advantage of the beautiful weather this weekend and especially here in Zurich we could enjoy wonderful sunny hours.
What a coincidence that bitcoin and Ethereum seem to be in a good mood too!
Since our last update both cryptocurrencies could recover slightly and the important resistance levels of 25’830.60$ (BTC) and 1739.87$ (ETH) couldn’t be breached by the bears. It seems that our projected wave 5 is starting and another confirmation for this would be, if both coins break above their last wave (i) high marked as white.
Our alternative alt.(ii) could be removed from the chart if the whole market would recover significantly, until then this alternative remains on the chart.
For further information, I recommend watching the video where I explain our micro-counts in detail!
1H Chart - Bitcoin (Index)
12H Chart - Bitcoin (Index)
Greetings from Zurich, Benjamin Mendenmein
Please note that we are already invested in Bitcoin since the 15th of June 2022, back then we announced our first positions on tradingview.
Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$
Please note that we are already invested in Ethereum since the 15th of June 2022, back then we announced our first positions here on tradingview.
Long Ethereum (ETHUSD)
AVERAGE EXECUTION PRICE: 1’057.6$
STOP-LOSS: NONE
LONGTERM Target: +8’000$
I hope that everyone took advantage of the beautiful weather this weekend and especially here in Zurich we could enjoy wonderful sunny hours.
What a coincidence that bitcoin and Ethereum seem to be in a good mood too!
Since our last update both cryptocurrencies could recover slightly and the important resistance levels of 25’830.60$ (BTC) and 1739.87$ (ETH) couldn’t be breached by the bears. It seems that our projected wave 5 is starting and another confirmation for this would be, if both coins break above their last wave (i) high marked as white.
Our alternative alt.(ii) could be removed from the chart if the whole market would recover significantly, until then this alternative remains on the chart.
For further information, I recommend watching the video where I explain our micro-counts in detail!
1H Chart - Bitcoin (Index)
12H Chart - Bitcoin (Index)
Greetings from Zurich, Benjamin Mendenmein
Please note that we are already invested in Bitcoin since the 15th of June 2022, back then we announced our first positions on tradingview.
Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$
Please note that we are already invested in Ethereum since the 15th of June 2022, back then we announced our first positions here on tradingview.
Long Ethereum (ETHUSD)
AVERAGE EXECUTION PRICE: 1’057.6$
STOP-LOSS: NONE
LONGTERM Target: +8’000$
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Disclaimer
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