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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 - 4 Hour
https://www.tradingview.com/x/SCi229ox
Putting macro bias aside, Let's have a look at Bitcoin Low time Frame chart level by level. It took few candlesticks to breakout of May's Low but after its breakout, it was turbo move up and Previous week low was taken out in next Candle itself. Here comes the moment of Truth. There's whole lot of Resistances waiting for Bitcoin between 26.9k to 27.1k so I dont expect a pump out of this range in Impulsive way. As long as Bitcoin is above May low (preferably above PW Low), expect it to grind slowly towards resistance, have some rejections and if no more bad news roll out, then Bounce towards 28-29k region.
PS :- Closing below May low will make things nasty. So watch these levels and design your trades carefully ❤️
@CryptoTrades
Just remember one thing
Just like Bullish news at top are traps and probably means distribution, same way bearish news at bottom are tricks to buy Things at cheaper price.
Trade the chart, not the news. I stand with the path I've drawn as long we are above 25k
@CryptoTrades
Big Breaking :- SEC sues Coinbase too. Good timing of the news though.
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - Daily
https://www.tradingview.com/x/imadpXok
I see alot of people becoming bearish after Yesterday's steep fall, thanks to SEC's latest allegations on Binance. However, i don't see bearish price action here. Volume on fall orchestrated by News was Still on lower side. Also, a clear MACD bullish divergence is being formed here.
Though revisit of Area of interest at 24-25k & further retest of Daily MA200 remains a possibility, but I don't see it happening too soon.
I expect btc to Retest June Open in confluence with Descending trending and then fall back to AVWAP line from Yearly Open making a ih&s before continuation towards 28-29k as drawn in chart. So I Still believe we see 28-29k before we see 23-24k
Do share your views on what might come next
23k 🔥
28-29k ❤️
@CryptoTrades
Breaking:-
JPMorgan & Indian Banks Launch Blockchain Platform For 24/7 Interbank Transactions
@CryptoTrades
Ren Broke Out ✅
Take partial profits, Adjust Stoploss to entry and let it run for higher Targets
Enjoying Free Gains ‼️
Share our Channel with your Friends and Spread Good word
Cheers 🥂
@CryptoTrades
Big Breaking
🇺🇸US unemployment rate increases to 3.7%.
Expected was 3.5%
Market will likely give us some dips to buy. I'll post when to buy
@CryptoTrades
US Dollar Index Analysis
#DXY
https://www.tradingview.com/x/Vy5ksn5e
Time Frame - Weekly
Dxy has been bearish at macro levels since forming that HH in Sep 2022. We have seen two relief Bounces in the meanwhile, one during Feb 2023, from 101 to 106 creating a Lower High at 106 and another Bounce in May due to double bottom structure but this Bounce doesn't seem adequate to take out previous LH at 106 and chart seems very bearish.
All that I can see is a Behemoth bear Flag in weekly time frame and Breaking 101 confirms the pattern. Expect it to break it in 2-6 weeks. If confirmed, Crypto & Stock market will sky rocket upwards.
PS:- upside breakout above 106$ will invalidate the pattern and things will go vice versa.
@CryptoTrades
Breaking:-
Due to the CEO Zhaojun arrest and the Multichain treasury being backed by 30%, The Gate io team is having insolvency problems.
STAY SAFU AND WITHDRAW FROM GATE.IO For now 🚨
@CryptoTrades
26.9k triggered as it looks like a relief Bounce. Whoever longed based on recommendation of previous post, can book some profits as it's month end plus we have got debt ceiling vote coming.
Reducing some exposure and adjusting sl to entry.
@CryptoTrades
#BTC UPDATE
https://www.tradingview.com/x/a1DbjvPT/
As its month end like i said before, don't get killed by bitcoin volatility here. Just remember, Price action contains all impact of news, events & hypes & PA defy everything. So, lets come back to charts. Btc fell and broke Previous Range high & now back to choppy zone. Sky blue color highlighted marks confluence of various H4 supports which may result in bounce. Though i refrain myself from taking high exposures during volatility days but its good RR setup if we trigger 26.9k entry
@CryptoTrades
Fet approaching First Target. Advised to book 20% profits here
@CryptoTrades
Ckb bounced 4.50% so far from our Entry. Though it's looking quite good here in daily TF but since it's monthly close today, we might see Good amount of volatility in Btc price action from large operators.
It is advised to Book partial or complete profits on your Altcoins and Bitcoin long setups.
A fresh Btc update coming in next post. Stay tuned
@CryptoTrades
I'll drop one or two Free Altcoin setup based on Recent China/Hongkong hype for you guys only if you guys help me deliver good engagement/reactions on this post and share with your friends
@CryptoTrades
Hope you guys followed yours truly #AUDIE
Take 50% Profits here and adjust stoploss to entry. Nailed this whole move while some so far expert influencers were shorting at 25.5k
@CryptoTrades
Coins where I'm looking to buy some dips for some instant Gains.
PS :- Choose size with proper Risk management as market is still in traumatized stage due to SEC allegations.
Stoploss would be btc closing any H4 Candle below 25k
@CryptoTrades
The Revolutionary Changpeng Zhao - CZ ❤️
@CryptoTrades
Binance has legitimately replied to allegations by SEC. While the rest of the world moves into the digital age, the SEC is actively holding the US back at a time where the US has never looked so vulnerable.
The US needs some serious restructuring of their government if they want to stay in the number 1 spot on Earth.
Moreover Always remember 4.
After all it was time to spread some FUD, we almost started missing them.
@CryptoTrades
Metaverse and gaming seems like next narrative. Holding strong in this falling Market. Will be posting analysis on two or three of such Coins tonight
@CryptoTrades
#BTC UPDATE
https://www.tradingview.com/x/fKVVxWDh/
Happy Monday Guys. Fresh Week, Fresh Lines for Bitcoin. As you guys can witness in this hart, there is no reason to panic at this 2% sell off making it typical Monday Correction. If we reclaim Fib 0.618, then this will likely be just another HL and BTC might be getting getting for inevitable move towards 29k.
Nearest Resistances : 27.1k/ 27.4k/ 28k/ 29.2k
Break of 26.4k will invalidate Bullish Scenario
@CryptoTrades
📊 Altcoins Chart Analysis 📚
Coin - REN (REN/USDT)
Time Frame - Daily
https://www.tradingview.com/x/2fQGwLZM
Ren has fallen back to Nov 2022 Critical support which is expected to be held atleast on this touch. Bullish Engulf candle on June 2nd had the entry trigger and Double bottom pattern is making it a Tempting Buy.
Nearest Resistances :- 0.08/ 0.088/ 0.1/ 0.12/ 0.15$
Invalidation - Daily close below 0.07$
@CryptoTrades
My weekly Bitcoin Chart and Bias still remains same. A move towards 24-25k won't negate penultimate progress towards 35-40k. Third bullish impulse wave can kick off anytime now
Your view, What's comes first?
23k 👍
32k ❤️
I say ❤️
@CryptoTrades
FYI, Cocos has been rebranded to COMBO.
Those who were holding Cocos in their wallet till May 29th, will get equivalent amount of Combo tokens and they'll be able to sell them at utc 8 am today (2 and half hours from now)
Cocos price at the time of Delisting was 1.70$
For those who held Cocos, Expecting some good returns on this one as it's one of Primary Chinese gaming coin.
If we find any scalp opportunity on newly listed token, we'll take it
@CryptoTrades
Guys. !!!
Don't blindly follow those who were ultra bull yesterday and were telling you to buy everything and suddenly posting everything bearish today. Don't fall in their traps. You'll used as exit liquidity for their shorts just like you were used for their longs.
Play Range by Range, Level by Level. We took profits today almost at peak. I'll update when we rebuy bitcoin and Trendy Altcoins (if needed)
@CryptoTrades
A few moments later.
Told you to take profits before the dump !!!
Stay ahead of the game always with @CryptoTrades
Premium Trade #7
Entering #FET Long Setup in two entries at 0.258$ ~ 0.276 (Current Price
Stoploss - 0.249$
Targets - 0.29/ 0.304/ 0.32/ 0.34/ 0.40$
@CryptoTrades
📊 Altcoins Chart Analysis 📚
Coin - CKB (CKB/USDT)
Time Frame - Daily
https://www.tradingview.com/x/GafCU5DL
Pretty clean chart. Speaks volume about the quality of Demand/Supply management and market makers of this coin. FYI, CKB is the China's public blockchain chosen by BSN China. After bouncing off from Pivot support, now it's trying to flip MA200 in daily which is strong signal for Trend Reversal. Risk reward ratio is outstanding here.
Targets - 0.00382/ 0.0042/ 0.0046/ 0.0052/ 0.0064$
Invalidation - Daily close below 0.03$
@CryptoTrades
Another Bitcoin Long nailed with Sniper entry. To book your slot contact @theaudiemurphy
https://bit.ly/TheAudieMurphy