// This update features the unique count on bitcoin but is important for both bitcoin, Ethereum and other cryptocurrencies, we decided to publish this text in multiple updates. //
After our predictions in the last weeks of falling prices became reality, we are now facing a difficult decision. Bitcoin and Ethereum established a bearish 5 wave impulse and since the release of CPI data today the market managed to show some bullish momentum.
My team and I came to the conclusion that we will expand our crypto holdings and acquired further positions in Solana, Chainlink and Polkadot. Our execution price and further details can be found in the ideas of the last weeks.
We know that the market could retrace even lower in the last days, but we are confident in our long-term outlook and price targets in these assets, in the end… that’s all what matters. So to make myself clear, we executed trades in the mentioned assets and these disclosed information on here directly represent our OWN decisions.
I mentioned this before and would like to do it again here, my team and I want to be as transparent and honest with our subscribers as possible – we want to provide value for you and as one famous trader on here once stated “We eat our own cooking”.
Most of you came might wonder about our current count, so we want to provide the most important information regarding bitcoin and ethereum.
Both bitcoin and ethereum established an a-b-c correction in the last weeks which subdivides into wave movements consisting of 3 waves in (a), 3 waves in (b) and 5 waves in (c). This means that both movements point towards an expanded flat, as of now the movement looks completed but be warned, there is one important clue which I want to highlight here.
Originally, we estimated that both Cryptocurrencies would establish their macro wave (i) – wave (ii) already. The reality however is that Bitcoin barely touched the 0.236 retracement and Ethereum almost managed to reach the 0.382 retracement. More experienced Elliot wave traders on here know that a wave (2) should reach at least the 0.5 retracement, and as of now we have multiple indications that the correction of the last week was only a wave (iv)!
We estimate that the market will push higher in the next weeks, and we will surpass the last high’s, more detailed price targets will follow in our Thursday analysis.
OUR ADDED POSITIONS 14.02.2023
AVERAGE EXECUTION PRICE: 21.68$
LONG TERM TARGET: +250$ and more
AVERAGE EXECUTION PRICE: 6.58$
LONG TERM TARGET: +90$ and more
AVERAGE EXECUTION PRICE: 6.01$
LONG TERM TARGET: 55$ and mor
Don’t hesitate to ask questions if you don’t understand some details of our count, we are here to help!
AVERAGE EXECUTION PRICE: 20’714.20$
LONGTERM TARET: +120’000$