Hello, guys!

I considered a lot of different scenarios and all of them told us that BTC has to dump hardly. I have already shared with you my opinion about potential dump of Bitcoin to $10k. Today I wanna show you the most bullish scenario for Bitcoin.

If we consider current price action not as the nwe impulse to the downside, but a a correction ABC. Wave A has the super clear shape of 5 Elliott waves. The corrective wave B looks like a triangle correction. I saw a lot of comments that wave 2 cannot be as a triangle. Triangles usually occure in waves 4 or B. Guys, you are 100% correct, this is what Bill Williams told us in his trading chaos method. But in practice I have seen triangles in waves 2. But, OK, let's consider that Bitcoin is finishing wave B. Anyway we should wait for the dump to the wave C target 1.61 Fibonacci retracement. It's approximately at $23500. I am looking for the mid term short right now. I think next week we will see this impulsive dump.

Chart 1. BTC price.

Best regards, Ivan

Follow me and never miss update👍#BTC #dyor #crypto2023 #bitcoin #fantasticdeals

#KMD /USDT coin update:

KMD

According to the daily candle, the coin is currently following a regression trend and may experience a dip in value. However, if the candle closes above the trend at $0.3296, there is potential for an upward trend. Keep a close eye on the candle and make informed investment decisions.

#eth2.0 #hongkongweb3festival2023 #fantasticdeals #cpi

Hello, everyone!

I am still holding my local short which now is in small profit and has the stop loss at the entry. I am trying to catch the last wave 5 inside wave 1 higher degree.

Let's take a look at the chart. I told you earlier that the target for the current dump is $26000-$26300🔴. After that I expect any sort of bounce. This bounce in my opinion is gonna be the wave 2 of the global bearish wave. It has the target approximately at $29k, which is 0.61 Fibonacci retracement. Of cource this target now is undefined because wave 1 has not been ended.

After that I expect the rapid dump in May - historically the worst month for all risky assets. Target for the most impulsive wave 3 is even $21k😨. 1.61 Fibonacci extension perfectly corresponds to this number.

Chart 1. BTC price.

Best regards, Ivan

👇Follow me now and never miss an update👇#BTC #bitcoin #crypto2023 #dyor #fantasticdeals

Ethereum Shapella Update Triggers Staker Withdrawals, Raises Concerns and Optimism

The recent Shapella update on the Ethereum network has caused stakers to withdraw thousands of ETH worth millions of dollars. While some analysts predicted a decline in the market value of ETH, the price has remained above $2,000, leading to cautious optimism among investors.

Withdrawals of over 270,000 ETH have been recorded since the update, with Lido, Figment, and Celsius Network being the leading withdrawal addresses. Lido also dominates the staking market with over 5 million staked ETH, followed by Kraken and Figment.

However, there are concerns about the future of the staking market, as Kraken faces a lawsuit by the CFTC, and Celsius faces insolvency issues. These concerns raise questions about the overall impact on ETH's value.

Despite liquidations amounting to over $73 million in the last 24 hours, funding rates stand at over 0%, indicating that investors anticipate a future price increase.

Key takeaways:

The Shapella update caused staker withdrawals of thousands of ETH worth millions of dollars.

Lido dominates the staking market with over 5 million staked ETH.

Kraken and Celsius face concerns about the future of the staking market.

Despite liquidations, funding rates indicate investor optimism for a future price increase.

Conclusion:

The Shapella update on Ethereum has caused staker withdrawals, leading to concerns and optimism among investors. While the future of the staking market remains uncertain, funding rates suggest that investors remain positive about the future value of ETH.

Hey, it's CryptoPatel here!

I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.

If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.

Thank you for your support, and let's continue to stay connected for more exciting content!

LIKE ❤️

Share ⏩

Follow 🤝

#eth2.0 #hongkongweb3festival2023 #fantasticdeals #cpi #shapella