📊 Bitcoin Chart Update 📊
Well Bitcoin followed the Price Action i mentioned in this August 14th post. Though it didn't completely fill Fair Value Gap but more or less followed the suit.
After 4 failed tries, Btc finally managed to break EMA200 yesterday, cleared Quarterly Open in one go & smashed my First Target 64k ✅
Now it's capped below August Open, may consolidate here for a while & then we might witness a huge Short Squeeze.
I won't be surprised if we visit Q3 Open before next leg up.
Next Target - 68k
PS:- US elections are coming. If you're bear, either change your mind or market will eliminate you
@CryptoTrades
#T
PAIR - T/USDT (Spot Only)
Entering #T Buy Setup in two entries at $0.022 ~ $0.025 (Current Price)
Invalidation Daily Close below $0.02
Short Term Targets - 0.027/ 0.03/ 0.033
Mid Term Targets - 0.04/ 0.05/0.06
Hodl Target - $0.1
@CryptoTrades
#4
Fourth Halving was in Apr 2024. We've been consolidating for the last 4 months till and US elections are just 2 months away. Since as the Adoption & Market Capitalisation increases, the magnitude of Btc Pump reduces cycle by cycle.
First Cycle - 130x
Second Cycle - 40x
Third Cycle - 7x
Fourth Cycle - 2x-3.5x (120k - 210k)
So, Btc shall top somewhere around Oct 2025
This pump will melt faces and people will be in disbelief when btc will be trading above 100k provided Global tensions doesn't escalate & 4th cycle repeats like earlier cycles.
@CryptoTrades
#2
2016 Halving was in July 2016. Btc consolidated for the next 4 months till Nov 2016 (USA Elections Month) between 600-700$ and then made the final breakout. Remained in bull run for next 14 months and returned 4044% yield (40x move from August 2016 move)
So, Btc topped 526 Days after the Second Halving with 4400% Returns
@CryptoTrades
Guys I'm gonna post an interesting thread today. Currently preparing it. Stay tuned. Will be posting today
@CryptoTrades
I think August 5 was indeed historical & we have likely formed a bottom. Worst case seems like a retest of 54-56k levels & that too is worst case imo
@CryptoTrades
💰 Binance URL has been Unblocked in India. 🇮🇳
App Still unavailable on iOS & Android Stores.
@CryptoTrades
Binance Will Delist CVP, EPX, FOR, LOOM, REEF, VGX on 2024-08-19
https://www.binance.com/en/support/announcement/e2fcd2c945654c8d832395335429403e
Liquidity will come to good projects. Binance is slowly getting rid of all old non functional projects
@CryptoTrades
Vibes of 12.03.2020 COVID Dump. Global markets bleeding. Japan index sinks over 10% , worst crash since 1987. Warren Buffett is majorly in cash. And Bitcoin dump is just not stopping 💔
EXTREME FEAR
@CryptoTrades
📊Bitcoin Chart Update 📊
Bitcoin chose the second scenario, broke 64 support & now tested 60k Penultimate support & psychological levels. I'm certain that the second scenario will play out perfectly.
Our Avg Long entry - 62.7k. Targets remains same
Targets - 66k/ 68k/70k/ 73k/84k
@CryptoTrades
Good morning Guys. A new month. A new beginning. Trading ideas, possible paths and setups will Start flowing in this channel today onwards. Sorry for the dry July month.
@CryptoTrades
Germany's government is out of Bitcoin to sell. Now they have sold out almost all bitcoins.
By the years 2026-2028, Germany full stack dumping their seized BTC may go down as one of the biggest strategic Debacle in history
@CryptoTrades
Binance Will Delist BOND, DOCK, MDX, POLS on 2024-07-22
https://www.binance.com/en/support/announcement/4ffb7170f2f84ce3a06cc0cf1a788c23
@CryptoTrades
Premium Trades #RAD
PAIR - RAD/USDT
Entering #RAD Buy Setup in two entries at $1.02 ~ $1.147 (Current Price)
Invalidation Daily Close below $0.90
Short Term Targets - 1.25/ 1.36/1.48
Mid Term Targets - 1.64/ 1.80/ 2
Hodl Target - $3
@CryptoTrades
#CTSI
PAIR - CTSI/USDT (Spot Only)
Entering #CTSI Buy Setup in two entries at $0.135 ~ $0.155 (Current Price)
Invalidation Daily Close below $0.12
Short Term Targets - 0.17/ 0.185/ 0.2
Mid Term Targets - 0.25/ 0.30/0.36
@CryptoTrades
Bitcoin 4.5% up already 🚀🚀
Next Stop is 64k
I'll post One or two trendy alts that could outperform Bitcoin
@CryptoTrades
#3
Third Halving was in May 2020. Btc consolidated for the next 4 months till Oct 2016 ranging between $9k-$12k. Started pumping a month before USA 2020 Elections, remained in bull Market till Oct-Nov 2011 and returned 690% yield (Approx. 7x move)
So, Btc topped 548 Days after the Third Halving with 690% Returns
@CryptoTrades
#1
First Bitcoin Halving was in Nov 2012, same month of USA Election. That time btc was trading around 10$. It pumped 130x in the next 12 months and made the local top $1163 in Nov 2013.
Btc topped 367 Days after the First Halving with 13000% Returns
@CryptoTrades
📊Bitcoin Chart Update 📊
Very formidable Price Action on BTC. Either it will grab liquidity below weekly open 58.7k and pump
Or it shall fill the 55k Fair Value Gap and make DB & pump.
@CryptoTrades
When sentiments will change many people are gonna regret not buying enough coins at the bottom
Not all your coins are gonna do 10X or 100X you will have some winners n losers, knowing this fact is gonna help to take profits along the way n rotate your bets n profits.
@CryptoTrades
🇷🇺 Russia just legalized crypto mining and gave the green light for using crypto in global payments.
Bullish 🚀
@CryptoTrades
Will 05.08.2024 be remembered as a historical day in crypto when climax happened and crypto Market bottomed out
Yes ❤️
No, we going 44k 💔
Share your views
@CryptoTrades
Bitcoin spot order books appear to be more balanced than they were before the weekend.
Many of the major coins have bids stacked just below the current price as well.
Traders feel safer bidding now. Adjusting stoploss a little lower at daily close below 58k.
@CryptoTrades
📊Bitcoin Chart Update 📊
It's been 3 & half months already since the Bitcoin Halving & as expected Bitcoin remained in the chopped zone mostly between 60k-72k with increased dominance killing all the momentum of Altcoins. If btc follows the pattern it did during the last two halvings, we could be on the verge of watching Bitcoin impulsive move in next 3-4 months.
Technically, Bitcoin is looking solid here with entire timeline becoming bearish at 64k support in confluence with August Open & EMA50 Daily. Moreover volume during last 4 red candles is relatively very low signifying Bullish Price Action.
Two Scenarios
1. Steadily move towards 73k from here
2. Tap 60k support & then hit 73k
I'm more in favour of Scenario 1. Took a Bitcoin long here at 64.4k & will double down if get chance to enter around 61k with invalidation daily close below 60k
Targets - 66k/ 68k/70k/ 73k/84k
@CryptoTrades
Do you guys think this Meme Index is relevant anymore.
Anyway, I'll be back posting charts and updates Today onwards. The market was in such a bad/dry state so didn't feel like posting much in crypto Summer. Waiting for btc to reclaim MA/EMA 200 in daily before posting some potential setups
@CryptoTrades