Transcription
Today for the Bitcoin and cryptocurrency prices. Dear ladies and gentlemen, this is an emergency video. I mean, you're probably asking, Chris, what the heck is going on in the markets right now? What is going on for Bitcoin? What is going on for cryptocurrencies? Well, I want to talk about that. I have myself right now the biggest public trade open on Bitcoin and on several cryptocurrencies on the whole internet. I want to talk about what is my game plan? Where will I take profits? Why the heck do I keep open these 30-40 million US dollar trades? Let's talk about that. I want to talk about price targets and much more. Let's go straight into it. It's a very short video. Nevertheless, a very, very important one.
I'm here out on the water, but of course, you know me, that doesn't hold me back to make these videos. Quickly going into it, you can see my Bitcoin trade still open, sitting at around $18 million US in unrealized profits and we are talking about $13.2 million US in realized profits. Everyone of you who is awake, you can see I took another $2 million in profits into my realized at $118,000 approximately, which was my first profit-taking area. I will talk about that shortly. Um, you can see the XRP trade still open at $1.3 million US dollars in profits. And some people are saying, Chris, why do you not notify us? Well, I do. I actually made many, many posts in the moment. I actually opened this trade on XAP just 7 days ago. You can see it here. Bitcoin Urgent Break Update. I am posting these things over on, um, on Twitter and of course also over on Lex. You can follow me down below. Link in the pin comment in the video description. If you follow me with my link there, you can see these posts in absolute real time, right? It's easy, guys. And it is for free. I, I never have like a paid community or something. I do everything for free. So, just follow me on YouTube, on Twitter, and on Lex to get these things in absolute real time.
Here you can see that this weekly bull flag, or it could be a 3-day bull flag, a daily bull flag. It just broke out. It broke out towards the upside. Yes, the price target is somewhere at $149, $150,000. I do want to tell you as a word of caution though, it's not necessary that we are going to reach this, right? The first profit-taking area was $118, and that might be the end of the bull market. I don't think so, but it's always possible, right? Do not forget about that. Here you can see this 1.272 Fibonacci extension level was already hit. Then $131,000 is the next one. And eventually the last one, the last profit-taking area in accordance to my TA would be $148,000 US, right?
Going over to XRP. And also, of course, I want to give you another update over on, um, on Bitcoin, something which, um, I've not been talking about for quite some time is the unrealized profit and loss ratio. And what you can see here, the black line representing the Bitcoin price, the blue line representing the net unrealized profit and loss ratio as an on-chain metric for Bitcoin that we are usually towards the end of the bull market going with the blue line, the NUPL into the euphoria, into the greed zone, right? Um, which is the red zone every single time. And now fast forward, you can see we are still away. This one is a little bit outdated, but we are still a little bit away from that. One thing is clear, we are in euphoria, and this move we are, we are in right now, which I've been predicting and waiting for, it came a little bit later than I thought, is most likely the last move in this cycle, the last chance was to actually make money in this cycle in accordance to my TA. XRP also broke out. $3 was my first profit-taking area. And my next one is, and the last one, $4.48. Yes, I am bullish on Bitcoin. Yes, I do believe that, um, we can still make some money in this market. Do you, do not forget that? Yes, you can follow me. The second link in the video description in the pin comment down below is the Lex link where you can see my trades in absolute real time. You can also see Bybit and BitUnions down below in the pin comment. Make sure you follow me over there. And I have to already wrapping up because the wind is really picking up. We are going to see each very soon in the next and crypto as always, as always.