Okay we have had the wick collection around 38.4k, made everyone bullish posting swing long Setups and eventually btc got hard rejection as expected.
I am not flip flopping from my bias and stand with my fractal. 31-32k loading
A short setup was shared with Premium folks and running fine.
@CryptoTrades
Remember this guyssss ?
Don't deviate. I will explain in Bitcoin update next why am I preferring usdt exposure for now
@CryptoTrades
I will be on my desktop today. Will share indepth Bitcoin analysis and market insights
@CryptoTrades
Finally, after months & months of waiting Ethereum is looking better than BTC .
Ethereum has broken out of triangle and all set to make Wave 5 of Elliot Waves theory.
Long Region - 1960 ~ 2081 (Current Price)
Targets - 2140/ 2200/ 2320/ 2480
Invalidation below 1930
@CryptoTrades
For those who were asking about DYDX Trade, it is advised to square off 50% position here at 3.48 and keep remaining with SL at 3.20$
@CryptoTradea
Major highlights from yesterday's US Govt. indictment
1. US Govt. stated that Binance allowed ISIS, Al Qaeda, and Hamas to transact on its platform.
2. US Government bans CZ from engaging & managing Binance operations.
3. CZ facing 18 months in prison as part of his plea deal with the US Government.
4. $1.3 billion in user funds withdrawn from Binance following US Government indictment.
5. CZ released from custody on $175 million bond.
@CryptoTrades
Also don't become stupid. Don't short BNB based on just this news. If cz has stepped down, he must have given it a thousand thoughts and all future course of action should have been decided within team.
We'll take new positions once this situation cools off and price action develops a bit from today's event.
Btc seems ok, so active trade setups are valid so far.
@CryptoTrades
F**kin Big News :-
Changpeng Zhao (CZ) agrees to resign as Binance CEO. Binance will remain the same but many aspects will change. Will forever remain grateful to CZ for everything you have for crypto space.
@CryptoTrades
Also there is a big opportunity for Real World Assets (RWA) like Pendle/ Dusk/ Token to shine.
Stay tuned for all the Alpha updates on what's next big thing in crypto space
@CryptoTrades
What if Binance has fullfiled their Demand.!!
Isnt CZ freaking Richhhhhhhh 💰
Crypto Messiah for a Reason 💪💪
@CryptoTrades
BREAKING: 🇺🇸 US Government seeks over $4 billion from Binance to end criminal case, Bloomberg reports.
Is it a Govt. or a group of Greedy clowns ??
React 💯 if you feel they've turned into clowns lately
@CryptoTrades
Breaking :
🇦🇷 Pro-Bitcoin candidate Javier Milei wins Argentina Presidential election.
So it is happening. 40k before 32k.
@CryptoTrades
Avg entry in DYDX - 3.33. stoploss is same. Even it hits, we try to move on and bad better trade next.
Читать полностью…📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour
This Price Action is quite similar to Price Action in Aug 2020. I have been mentioning same Fractal for 15 days now. I agree I deviated a little from this fractal in the beginning but the Price action and time it should taken to evaluate my analysis is quite the same.
Maximum one more tap up and Rejection from 38-39k will likely take us to 31-32k. Like i said in previous update that it will take some time till Dec first week & will be needing some Bad news or FUDs to have catastrophic effect. CZ news was one among them. Watch it happen. Its clear and simple.
34-35k ✅ > 38k ✅> 31-32k loading!! > 42-46k
We should plan our trades accordingly unless it crosses 40k first and got invalidated.
@CryptoTrades
First off, squaring off this Ethereum long here breakeven.
I might go up a little and have blow off top but I believe its more like a distribution range than Expansion stage. Not a good Risk reward.
Bitcoin setup will follow next
@CryptoTrades
Bitcoin is okay. No need to panic over 2-3 red h1 candlesticks. It's part of the zig zag game . Long and strong 💪
Читать полностью…I have a big cap setup in my mind. I'll share it with you guys if the current market scenarios prevail
@CryptoTrades
Crypto won't be the same again. They'll change it the way they want to operate. Crypto will no longer be that crypto. What it becomes like a stock/ forex Market.
At least I won't like that.
@CryptoTrades
Close this Bnb Trade for now. Shall not engage into positions during such news.
End of An ERA 💔
@CryptoTrades
The market is good. No need to panic. Bitcoin just filled the cme gap around 36.4k and guess what bnb gave a lovely dip in the last H4 wick and nice bounce so far.
Our spot/lev longs are running and active.
@CryptoTrades
I believe Airficial Intelligence and Metaverse coins will lead the next bull run in Crypto.
AI is exploding in popularity/use & many technological advances are coming from it.
Gaming is becoming more of a norm with Esports making rounds around the world.
A few coins (mid/small caps) will be explored by our team and will be shared with you guys for long term holding. If you guys have anything in your mind, submit your coin choices to @theaudiemurphy
@CryptoTrades
BNB Bullish 🐂
Every dip is worth a buy from now on. Some big whale/institution bought worth 4 Billions and sent in it's cold storage.
DCA zone 220$ ~ 260$ (Current Price)
Target Zone - 280$ ~ 350$
Invalidation - 208
@CryptoTrades
Ape First Target ✅
It's just the beginning. The story will get interesting from now on. Power of Positional Setups 💪💪
But remember the rule :- Book some profits and adjust to entry for now.
@CryptoTrades
📊 Altcoins Chart Analysis 📊
#PositionalSetup #3
PAIR - APE/USDT
Time Frame - Daily
After months and months of downtrend, finally for once Ape is starting to look good. Price action broke MA 100 after 8 months of breaking it down in March 2023 and we nicely retesting the same. Also , it's forming beautiful cup and handle pattern which I believe will eventually play out.
It's a good Fundamental coin which hasn't yet seen any substantial rise and there's tremendous risk reward ratio attached with this one.
PS :- Buy it only if you can hold it. If it goes down again in the accumulation zone, make sure you add it there instead of panic selling. Not a scalp/swing setup but a positional one.
Accumulation Region - 1.10 ~ 1.39 (Current Price)
Short Term Targets - 1.48/ 1.60/ 1.80
HODL Targets - 2.50/ 3.50/ 5$
Invalidation below 0.96$
@CryptoTrades
Agix Third Target crushed ✅✅✅
25% spot profits from avg entry so far.
Meanwhile, I'm ready with my third positional Setup. Will post within next 12 hours.
Stay tuned
@CryptoTrades
Btc is showing lots of promises at 35-36k support. Looks like we might pump a little higher than 38k (probably 40k)to take some stops first before we eventually go back to 31-32k.
My Conviction on Dydx still remains the same. Though dydx whales hunted us and pumped it back. I got many personal DMs about people still holding. You're advised to hold it still with sl below today's low.
I'm on a trip to meet my family. Will resume posts on Market and setup from Monday onwards
@CryptoTrades
PAIR - DYDX/USDT
Direction - Long ⬆️
Dydx dips are gifts. Good to go long with setup per below
Two Entries at 3.22 ~ 3.46 (Current Price)
Stoploss - 3.07$
Targets - 3.64/ 3.85/ 4.10/ 4.72$
@CryptoTrades