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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 Chart Analysis 📚
Time Frame - H4 (LTF)
https://www.tradingview.com/x/FFIpfieE
Bitcoin formed double bottom (Adam & Eve Pattern) and Pumped back from May's low of 25.8k. Now trying to reclaim H4 range low but rejected from weekly Low and printing ugly H4 Candle. So it's a indecision point (No Long No Short). Interestingly yesterday's breakdown volume was was lower than the Average 60 days Volume. Please note that Low volume moves do not confirm breakdowns/breakouts and often lead to fakeouts. As price continues to drop so is volume in daily. Therefore, i do not recommend Shorts here. However I'm looking for longy either at Reclaim of weekly Low around 26.5k. In case we don't reclaim 26.5k, I'll be looking to long from our Long term Point of interest at 24-25k zone. Stay tuned. I'll update when either entry triggers.
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - H4 (LTF)
https://www.tradingview.com/x/hcpZmCmf/
Classic Price Action here. Thats the Reason why i was afraid of having Long Exposures at Range high. Bulls managed to protect previous HL & weekly low, Reclaiming of Range POc at 26817 would trigger a long with Sl below previous Hl around 26490. Wehen market is too choppy, we have to play Level by level. Becoming bullish at top and bearish at bottom of range in anticipation of its break due to market sentiments won't do any good to your trading. Remember, it is presumed that a range will continue to exist forever and just trade it, both long and short, until it breaks. Follow the process, not the sentiments
@CryptoTrades
BREAKING NEWS: Mark Zuckerberg and META Fined A RECORD $1.3 Billion by the EU for Violating Privacy Laws. ELON MUSK WILL PUT FACEBOOK OUT OF BUSINESS SOONER RATHER THAN LATER!
@CRYPTOTRADES
https://www.tradingview.com/x/WJGJHb87
Hope you guys listened to me. Whoever did long based on this chart, should look to secure some profits as we are reaching range high here. Closing above 27.5k would clear path for further move but the way USA debt crisis is taking shape, i refrain myself from opening too much long exposure.
@CryptoTrades
Neck to neck fight between bulls and bears here. I think USA debt ceiling's final update provide final direction to the market
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - H4 (LTF)
https://www.tradingview.com/x/I7oaFRXy/
Bitcoin fell as mentioned in last night's quick update but bulls again managed to pick up above 26.5k making it yet another HL. Now price reacting well to range POC. Any close above 27k (ideally 27.2k) would trigger next leg up. I am not in favour of shorts for now. Will long once i get confirmation above 27k. Will update. Stay Tuned
@CryptoTrades
Bitcoin quick update
I am Bullish on Bitcoin at macro levels (weekly). However as I've already mentioned in last bullish post that pullback/wick to 24-25k is still in the books so can't be overruled.
If we look at H4, there's clear break of support and bearish Retest. So unless bulls reclaim 27.3kish levels, make H4 close above it & make this move look at a deviation, I'm afraid we might see 24-25k levels before next leg up
PS :- break and close of H4 above 27.3k will negate 24-25k scenario.
@CryptoTrades
📊 Altcoins Chart Analysis 📚
Coin - OP (OP/USDT)
Time Frame - 4 Hour
https://www.tradingview.com/x/WemTAQ7W/
Ranging market is best time to accumulate some strong Altcoins. OP fell back 3$ towards Swing low in confluence with horizontal Support around 1.55$ and had nice bounce thereafter. After series of LL and LH, its looking to reverse in H4
Nearest Resistance - 1.80/ 1.88/ 2/ 2.25/ 2.72$
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour (LTF)
https://www.tradingview.com/x/Z87E2Jsc
Timely closed shorts yesterday. Though Bitcoin dived a little lower towards Cme gap (could completely fill it) but bounced back nicely. Can witness good Volume bounce in last H4 candle. Watching btc Dominance bouncing alongwith it's PA giving me 35k vibes as explained in Dominance chart on May 16th.
PS :- Do not short this Bounce without any clear weakness
@CryptoTrades
https://www.binance.com/en/support/announcement/a8e3ce7e46ed46359336e1d48ab8c538?utm_source=AnnouncementTG&utm_medium=GlobalCommunityl&utm_campaign=AnnouncementBot
@CryptoTrades
Btc dumped 1% but Bulls are not not losing control. Closing this short setup for now as Dominance is looking prime to go up.
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour (LTF)
https://www.tradingview.com/x/m6SR5xkP
As expected, Low volume Bounce couldn't sustain and btc made the pullback. Now back below the Block, still expecting this week's CME gap (26450) to be filled before we start going upwards.
Can be Short entry here for TP at 26.5k with sl above highs of previous H4 Red candle. Any close above 27.7k would invalidate the short and trigger a Long.
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour (LTF)
https://www.tradingview.com/x/th4bMn9u/
Bitcoin bounced back after that 25.8k wick with extremely low volume. Now that its back in Support/Resistance Block which is indecisive point but I see people looking for longs here. I think we must wait until we have direction confirmation (Either long or Short). Furthermore, we have CME gap formed yesterday between 26450-26775 which i think should be filled in a day or two.
However, If bulls manage to close BTC above SR block around 27.7k, only there we should be looking for longs after a confirmed Bullish candle.
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour (LTF)
https://www.tradingview.com/x/VfH4qdht
Bitcoin Bulls lost 27k convincingly. Unless we Reclaim with good volume and close above it, I'm afraid, we will most likely dive lower to our Point of Interest as mentioned in the Chart
@CryptoTrades
Btc update
https://www.tradingview.com/x/Sm9XHM7l
Price Couldn't reclaim Range POC and bears hammered it down & broke HL. Uptrend in Ltf has been lost for now. Either look for short on pullback or we wait for Our Area of interest at 24-25k to Buy Bitcoin
@CryptoTrades
ANT UPDATE
https://www.tradingview.com/x/Xxbj5ehy/
ANT following the path I mentioned and doesn't seem like giving any major pullbacks. Smashed two resistances already and now onto tagging third one. 16% unleveraged Profits so far.
Enjoying Free Trades & Updates ? We dont as much. Just share our channel with your friends and colleagues
@CryptoTrades
GMT Update
https://www.tradingview.com/x/OqoNY4kN
GMT has had the textbook Double bottom as mentioned and it jumped 20% from our Entry given. While everyone else sold in panic, we sensed the otherwise and gave you guys signal to accumulate.
Ignore the noise, keep following us here @CryptoTrades and make countless profits
@CryptoTrades
Breaking:-
Treasury Secretary Yellen says it's now "highly likely" the US will run out of cash by early June.
🇺🇸 White House says 8 million jobs will be lost if US defaults on its debt.
@CryptoTrades
When the price stands still, it silently whispers a secret: Prepare for the unexpected, for its next move shall be the opposite dance of anticipation.. Still early to confirm anything, but it's worth it to be prepared for both scenarios as both can result in big waves
What do you expect happens Next
24k 🔥
32k 💯
@CryptoTrades
Metamask updated it's terms and conditions to incorporate withholding taxes clause.
Have Govts, banks and big corporates already killed Decentralisation?
@CryptoTrades
Man O Man
They’re predicting the exact date 😅
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - Weekly (HTF)
https://www.tradingview.com/x/X94liXLg
Well if you look at Bitcoin weekly, all i see is uptrend with major move pending. I don't see reasons why people are bearish over this much needed small pullback from 31k to 26k. Reasons why I'm all Bullish :-
1. Market Structure is Bullish with a series of HH HL structures
2. We are making a Bullish Pennant on weekly Timeframe
3. Weekly MA200 that plays a major trend defining role was smashed on 13th March has had the proper retest near this bullish pennant.
4. Fundamentals are strong. Also whales have accumulated around 2.3 billion btc in last 5 weeks of choppy PA
With Tether also allocating 15% of net profits to Buy Bitcoin and new survey claiming Btc to be safer than US dollar, i don't see any reason to not buy Btc here.
Buying Bitcoin here spot with major portion of my stables. A wick towards 24-25k won't change anything as it will be just a deviation for a path towards 35-42k
#BeAHodler this time
@CryptoTrades
Ant Reached First Resistance. Those who longed with me, take some partials and have stoploss at entry.
@CryptoTrades
Most Important aspect to trade any kind of Market is Price Action but is it solely enough for crypto?
A Big No
Crypto is full of widely available information and retail move info that anyone can use to their an indepth motion of the market. Hence on the long term, I don't believe just studying PA, or Trading the trend or breakout is a successful strategy. Confluence and data is where the sweet spot
lies. However, it is paramount that all your basics are clear and an
indepth understanding of PA is a primary requirement.
@CryptoTrades
Bitcoin Dominance Analysis
Time Frame - Daily (HTF)
Trend - 📈 Bullish
https://www.tradingview.com/x/6N4oSQFr
Bitcoin Dominance is picking momentum again after rejection from 49%, pulling Bitcoin price down along with it. Only Daily OB left above is at 48.3%. If manage to cross above that, Bulls will take control and will target 35k.
This scenario of Dominance pumping with Btc price signifies that Alts in general will dump in Btc prices. Only Bitcoin & Trendy/Hyped/News based Coins will pump.
Support our work and invite your friends & colleagues to joins us @CryptoTrades
@CryptoTrades
📊 Altcoins Chart Analysis 📚
Coin - ANT (ANT/USDT)
Time Frame - 4 Hour
https://www.tradingview.com/x/zLR7q0yt
ANT is trending well in bad market. Move below 3$ proved to be a deviation and it had impulsive move thereafter. Doing pretty well accumulation after 3$ Range support and looks ready for continuation only if Bitcoin doesn't spoil the momentum. Any 4 Hour close below 2.98$ would kill bullish momentum leading to boring choppy price action.
All good as long as we are above 3$
Nearest Resistances
3.25/ 3.40/ 3.75/ 4.50/ 6$
@CryptoTrades
Pepe dropped lower as expected. Fell over 10%.
A Short setup of Pepe was shared in premium Channel. Hit first TP so far And adjusted sl to entry for remaining positions
@CryptoTrades
#PEPE #MemeCoin
https://www.tradingview.com/x/mbZvK0aD
Receiving many DMs to share analysis on Recent Hype Pepe. Pepe Pumped over 60% yesterday, thanks to tweet by Elon Musk but i didn't like weekend news/tweet driven Price action. As Bitcoin is slated to go down to Retest 24-25k area of interest, i have Bias of Red direction working out unless It gets some other hype and clear Area of Value.
PS :- It has got huge volatility, so trade with caution
@CryptoTrades
#COCOS
https://www.tradingview.com/x/utIb2mHR
With many big Market makers leaving Crypto space and btc breaking below 27k, I'm looking to short the Bounce zone till until we reach area of support at 24-25k or reclaim 28k.
Cocos looks like a definite short only if today's candle close below 1.28. Wait for today's candle close, if close below 1.28, short it with TPs ranging from 1.12 ~ 0.75$
Can use Stoploss at LH around 1.46$
PS :- we take entry only if if today's candle close below 1.28, so it's conditional short setup, not market or Limit Short
@CryptoTrades