Ethereum Update - Sunday
Just like in bitcoin we had a very successful week, our long position that we opened are roughly 14% in profit. But overall the situation in ethereum is slightly different than in bitcoin. Unlike bitcoin, we haven't expanded as much on the upside. The price has touched our orange target zone slightly, but it is unusual that a wave (iii) only reaches its minimum target, especially in ethereum. We expect that we are in a wave (iv) at the moment, which means that it is possible that we will consolidate in the upcoming days. We want to highlight that a wave (iv) can be very irrational, which means that the typical wave (iv) correction can last only a couple of hours before a breakout or in worse cases multiple days and weeks. Ultimately the price should push higher towards $1993.25 and finally well above $2000. We will try to open up further positions in the upcoming days and weeks, so stay tuned and read every update.
Unfortunately we wont publish a altcoin update today, but will do so on wednesday.
Please note that we are already invested in Bitcoin since the 15th of June 2022 and 15th of June 2023, back then we announced our first positions on tradingview.
Long #1 Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000
Long #2 Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 25'289$
STOP-LOSS: NONE
LONGTERM TARET: +120'000$
Please note that we are already invested in Ethereum since the 15th of June 2022 and 15th of June 2023, back then we announced our first positions here on tradingview.
Long #1 Ethereum (ETHUSD)
AVERAGE EXECUTION PRICE: 1’057.6$
STOP-LOSS: NONE
LONGTERM Target: +8’000$
Long #2 Ethereum (ETHUSD)
AVERAGE EXECUTION PRICE: 1653$
STOP-LOSS: NONE
LONGTERM TARET: +8'000$