Today for the Bitcoin and Ethereum prices and it is finally happening for Bitcoin and Ethereum. I do remember as if it was yesterday and by it was yesterday. How people were laughing at me? They were actually almost spitting in ere because we were going into these risky trades on Bitcoin and Ethereum million US dollar trades.
Well, we will talk about what the next move for Bitcoin is. What the next move for Ethereum is. I will give you exact price targets and my training plan right now in the immediate short term. Let’s go straight into the charts.
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Let’s go straight into the charts and actually before I am talking about this specific set up here. I tell you this is the most important setup. This is the most important moment since ages for Bitcoin. Iwant to talk about these trades and you can see here three different trades in the middle. That’s the most important one: the 100 Bitcoin trade 2 million US dollars in this specific trade 2 million almost 500 000 US dollars, in a profit the Ethereum trade 50 000 in a profit. I have a very risky one: a breakout trade and I will talk about that with half a Bitcoin only in profit. Because I open it just right now. Actually, I am always giving you these updates on twitter.
I tell you exactly what my next steps are trading-wise for Bitcoin look at this beauty here. we are having a 100 day downtrend here actually with multiple touch points here. every single time and now finally Bitcoin seems to be breaking out. what I want now is of course not only that Bitcoin reaches my price target which it almost reached. As predicted, congratulations to everyone who joined me here on this trade. No, we need a daily close basically where we are right now or higher. We need a daily close outside above the resistance. Then we can confirm to have it broken we can confirm to have the daily trend. This is please listen closely. The daily trend is about to be reversed because we are having higher lows so far. As you can see right here and breaking the downtrend not on the weekly but on the daily.
This could have a significant impact for Bitcoin. Then we are looking at price targets of 28-29-30 000 US dollars. What we have to power surpass here is the Ema Ribbon. You can see we are right now kissing the resistance here so the moment Bitcoin breaks the ema ribbon right here. Right now is the moment we can turn significantly bullish. I will update you on Twitter on that as well as you remember after a long downtrend after a long downtrend. It is always a very nice moment when Bitcoin breaks the Ema Ribbon towards the upside. Of course, this happened a few times back in the days it also happened here. It happened right there. So, of course, it’s not the only indication. But, it is a good one specifically if it’s happening at the moment we are also breaking the daily downtrend here right let me quickly go back into the charts. So, this number one. I will talk about my Bitcoin trading plan bear with me until the very end, I wanted to talk about Ethereum as well. Even if you are not interested in Ethereum, you should listen very very closely.
Let’s talk about it and a quick reminder. I have an Ethereum trade open already as well round about fifty thousand dollars in profit. I know that this can change any minute right. I mean if Ethereum is not continuing we had started a few days ago. Of course, things that are not on the right chart can get a little bit more difficult for Ethereum. Especially, because we already reached the price target at around one thousand five hundred seventy US dollars and one thousand five hundred eighty US dollars. However, Ethereum also broke about twenty and chances are not too bad for Ethereum to actually continue this rocket ship towards the upside here. On the rocket ship towards the upside. So, for Bitcoin, yes nice but please before you go completely crazy wait for the daily candle to close, and then we can look for price targets slightly below 30 000 US dollars on this specific uptrend here towards the upside.
This article is a transcription of a video made by MMCrypto
Original video: https://youtu.be/iYqoU3j0KKI