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This is Earn&Learn channel. We are here to enjoy the ride while learning how to do it. Swing trading without pumps&dumps. Contact @theaudiemurphy for Enquiries https://bit.ly/TheAudieMurphy
Bitcoin Short Setup.
Reasons Why I was out of the Marker for the past two weeks and didn't quite enjoy the fireworks in btc and alts :-
1. Overheated Funding rates indicating a Flush/crash
2. Normal cycle of Bitcoin flushing a few weeks before the Halving event in order for new players to enter and Liquidate stop hunt small fishes
3. Open Interest hitting ATH signifying a major correction on the way
4. Greed all the way above 80, first time ever since 69k ATH
5. All types of bearish divergences forming on RSI, MACD and other Major indicators
6. Most importantly We didn't close monthly candle above 61.3k
I didn't open the short position till now as I didn't spot any weakness in price action till now. Btc can still fill inefficiency and Liquidation heatmap around 65k so we will use stoploss above that
Entries - 61.5k (current Price) & 65k
Invalidation H4 close above 67k
Targets - 59k/ 56k/ 52k/ 48k/ 42k/ 37k
PS:- Ultra bulls might call me idiot for sharing this short but it is what it is❤️
@CryptoTrades
📊Bitcoin Chart Analysis 📊
Time Frame - Daily
Monthly candle close in 4 hours from now. Closing above 61.3k will change things and we'll start positioning ourselves. Though looking at all kind of bearish divergences, over exxagrated fundings, RSI, it feels like March should be correction month but can't play against the Price action as PA is the king in any kind of Market.
Let's see how we close Feb monthly today. See you guys
@CryptoTrades
BREAKING: 🆘 Nigeria detains #Binance executives in cryptocurrency crackdown
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People who bought #Bitcoin at 60K in 2021
@CryptoTrades
$DYDX gave enough time to accumulate. Hit all short term targets. 60% Spot Profits so far 💪💪💪
@CryptoTrades
📊Bitcoin Chart Analysis 📊
Time Frame - 4 Hour
Btc finally broke H4 EMA50. If we have 2 consecutive candles close below it, then a potential move towards 49k liquidation levels is imminent. Even if we get lower first, there is still some chance that pa will hit higher liquidity around 53-54.5k before the inevitable Halving Flush.
So there are basically two views.
I personally am with Red view. What's yours
Green 🔥
Red ❤️
@CryptoTrades
PS :- #DYOR before investing or Trading per our recommendations
@CryptoTrades
💲 Circle has announced that it will stop supporting for #USDC on the Tron blockchain, and USDC will no longer be minted on the Tron starting today.
Something big is coming that we are unaware of
@CryptoTrades
Flush/ Crash/ Reset, by Whatever name you call it, is imminent.
How to avoid making loss if flush happens in Feb end or March beginning?
1. Have stable coin exposure (Atleast 50% of your Portfolio)
2. Avoid leverage trading till funding fee resets.
3. Have limit dip orders of Trendy coins like AI, XAI, AGIX, FET, MANTA, WLD wtc down 20-40% from current price to encash the flush.
PS :- we can't deny a fake move towards 54-55k before the flush to carry some later longers & Liquidate/stop hunt them
@CryptoTrades
Amb First Target ✅
It's just the beginning of what's about to come. Hold it and enjoy the ride⚡️📈💰
Bitcoin remained the most popular ETFs on Wall Street again this week.
@CryptoTrades
BNB Long Second Target ✅✅
14% Un Leveraged Profits so far
Note :- This is not the Bake coin available on Binance but a different one. You can buy it on Uniswap
Читать полностью…
Even H4 couldn't be closed above Monthly High (61.3k) and see how crazy profit booking happened . Alts didn't pump with Bitcoin but dumped hard in this reset. Therefore it is advised to not touch alts for now. We'll load them all at dips for 2024-25 bull run.
Читать полностью…
📊Bitcoin Chart Analysis 📊
Time Frame - Monthly
Well Bitcoin keeps on pumping, not giving Fu*k to any Resistance whatsoever. Here comes the most important resistance (Monthly High Candle close). Last time btc retraced significantly after tagging monthly high. We have weekly FVG till 62.6k, if Bitcoin wants to follow red path, then sweeping that makes sense.
However if we get Feb monthly candle close above 61.3k, then we should forget about flush and enjoy the alt run which is pending as Bitcoin is pumping hard with increasing dominance.
Manage your trades accordingly
What do you feel
Green Path 🔥
Red Path ❤️
@CryptoTrades
👀 Fear and Greed Index Reaches Highest Since November 2021
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Meme Coins might go insane during the next week or so
Longing some 1000Rats
Entries 0.255 ~ 0.28 (Current Price)
Targets - 0.3/ 0.32/ 0.35/ 0.40$
Stoploss below 0.24$
@CryptoTrades
📊Bitcoin Chart Analysis 📊
Time Frame - Daily
I know you guys are not happy for missing out last week's Altcoin pumps and your disappointment over that is justifiable but here's the thing. I've marked out potential levels of interest for Btc. I personally believe btc should retest atleast 37k region anytime before Halving after which it should resume Bull Run. I know we've taken profits on Altcoins a bit early but there are always two scenarios. Either you keep playing alts aggressively knowing this maybe final leg, take some profits, rotate them & eventually getting trapped somewhere you've bought at local top Or you take profits a bit earlier and then wait for the Drop. We are kinda doing the second thing so I'm okay being bored and patient here instead of getting rekt buying top.
#StaySafe
@CryptoTrades
Bitcoin Fear and Greed Index is 78. Extreme Greed
Stay Safe from Leverage Trading
Current price: $52k
Binance to End Leveraged Token Services by April 2024
Binance has scheduled the closing of its leveraged token trading and services on February 28, 2024.
This will be followed by the discontinuation of redemption and delisting on April 3, 2024, affecting pairs like BNBUP/USDT, ETHUP/USDT, and BTCUP/USDT.
@CryptoTrades
Open Interest of CME + BINANCE + OKEX + BYBIT hit All Time High
Historically when It reached major resistance, price followed by a correction of 20-40%
@CryptoTrades
Found something very interesting on my Trading View Feed today. This thing exactly matches with my view on Bitcoin. Have a look :-
With the recent move to 52k+ prices, some have claimed the #Bitcoin 4-year cycle is now out of the question.
Their evidence, the .618 cycle retrace.
This retrace has marked the mid-top for each cycle, a point that comes in the middle of the cycle and brings large corrections (40 - 54%) and sideways periods.
Price has now surpassed it seemingly defying the rules.
But what if this is standard? There is a chance it may be.
The best way to measure these retraces is from weekly candle bodies, which allows us to include Cycle 1.
When we do this, we find that cycles have always made two primary tops above the .618.
This would have made 49k the first, and the second is in progress.
The amount that each cycle has risen over the .618 has been between 6 and 26%. This cycle is at 13.5%.
Even a weekly candle close occurred in 2016, making our close above not out of the ordinary.
The cycles aren't derailed just yet
@CryptoTrades
Finally BNB Broke out. BNB Long was shared with premium folks along with many other calls as I can't spam & promote all the successful calls here in public forum.
To Join :-
https://bit.ly/TheAudieMurphy
BNB Swing Long
Entry Current Price 321.6$ ~ 295$
Stoploss - 282$
TPs - 335/ 350/ 370
Hodl Targets - 450/ 600/ 1000
@CryptoTrades
ERC404 build could be as big as BRC20 craze few months back. ERC404 is an experimental mixed ERC20/ERC721 implementation with native liquidity and fractionalization for non-fungible tokens.
While tokens like $Pandora, $Cell, $NPC are main plays and have already given multifold gains but My First pick here would be #BAKERY404 (BAKE). Its a very micro cap gem with Market cap of 1.8 Mil$ so choose to invest wisely (invest small)
Contract Address - 0x44FAcE2e310E543F6D85867eB06FB251e3bFE1fC
Buy Zone - 0.01 to 0.0183 (Current Price)
Targets - 2x - 50x
@CryptoTrades