#BTCUSD LONGTERM UPDATE
US interest rate decision Scheduled 8 times per year
the next Release will be at Jul 27 then Sep 21 then nov 2 if inflation still high ( this is what expect ) then fed will raise interest rates again , maybe it will be 2.5% at the end of the year .
we expect a low demand on all assets until the end of the year .
on monthly timeframe...
a very bullish wave for EOS
the first wave is leading diagonal which only appear at the beginning of an (impulse wave )
now we are looking for the third wave which is the biggest one
TARGET 1 : 4.5$
TARGET 2 : 6$
STOP LOSS IF U WANT : 1.29$
a correction wave may start now after bitcoin failed to break 13k area also there is a bearish price action on weekly chart
target will be 8k to 7k this will be 61% fibonacci and this will be a very good area to buy bitcoin again
bitcoin down to our buy target 3700$ and there is a possible trade here with another pattern
BUY : 3700$ - 3600$
TARGET 1 : 4100$ -4200$ (13.5% PROFIT )
TARGET 2 : 4700$ - 4800$ (+29% PROFIT )
STOP LOSS : 3500$ (5.7% LOSS)
now you have to manage your capital and calculate your profits and losses before entering this trade
Btc Dominance more than 45% and due to that alts still bleeding
we will focus on good coins for longterm like ICX
you can accumulate some from 16000 to 10000
targets for mid-term and longterm 25000 - 50000 - 70000
btc dump from 61% fibonacci .. next support between 7500$ to 7300$ and btc may test 8500 again or reach 9000$ then dump will start again to test the bottom !
note : recovery from 5750$ to 8500$ was just a correction wave in a downtrend ! (btc still in a downtrend )
this is the last dump and the last bearish wave in my opinion
this trade is simple .. btc broke a major trend and not retest it again
i expect btc will stay in this area 7400 - 7200 for few days then this wave will start to the last target 3500 $