📊 Bitcoin Chart Analysis 📚
Time Frame - Weekly (HTF)
https://www.tradingview.com/x/8P2kaLIC
Let's start New Financial Year with Macro View on Bitcoin. We have had good three months on Bitcoin so far with Btc rallying approx. 90% since its bottom in November 2022. It broke major resistance on March 17th ending the 273 Days Consolidation Below 25k
We have two Scenarios :-
Scenario 1 :- Bitcoin slowly grind pivot resistance, climb slowly on the way to 32k, there gets a rejection towards 28k and then break the resistance. Any daily close above 29.2k would ensure a 32k move and any daily close above 32k will warrant a move towards 42k.
Scenario 2:- We shouldn't rule out this scenario, though we have had bullish retest on first support , but Retest to stronger support is Still pending. In this case, we sweep some lows, grab liquidity around 25k zone and resume bull Trend.
Any Daily close below 24k will mean end of Bull Trend and we'll go Back into CAPO zone 🤡
What's your view
Scenario 1 - 💯
Scenario 2 - 🤝
Scenario 3 - 🤡
@CryptoTrades
📊 Altcoins Chart Analysis 📚
Coin - Loka (LOKA/USDT)
Time Frame - 4 Hour
Setup Type - Swing Setup
Bias - Bullish
https://www.tradingview.com/x/Q413z7lC
Loka with beautiful falling wedge pattern and Green signal from my indicator. Risk Reward Ratio 1:5
Buy Zone 0.46 - 0.5$ (Current Price)
Stop on 4 Hour Candle close below 0.45$
Short term targets 0.535/ 0.58
Mid term targets 0.64/ 0.70/ 0.95$
@CryptoTrades
Bitcoin short hit Stoploss. Bearish scenario is invalided for now. Its okay, To win big ones sometimes we have to lose small ones. Focusing on buying dips of coins that might outperform Bitcoin after Financial Year closed.
Stay tuned
@CryptoTrades
#ID hit both entries. Avg entry 0.46$. we didn't have any Hourly close below our SL. Trade is on. Sell at bounce and exit
@CryptoTrades
Update :- closing this Bitcoin long in small long. It's indecision point. We'll rebuy lower or if it breaks 27.8k
@Cryptotrades
Bitcoin Long Average Entry - 27,275$
Those who can't manage risk management on Trade and were shitting their pants when CZ news came out, can exit this trade here around Breakeven or at bare minimum loss.
Strong hands and keep it with me. We might have to adjust stoploss a little so get ready for that. Personally I am holding
@CryptoTrades
Swing Long Bitcoin
https://www.tradingview.com/x/p83oI6Jw/
Entry Current Price 27750 ~ 26.8k
Stoploss - 26.2k
TP - 28.3k - 28.8k - 29.5k - 31k - 40k
@CryptoTrades
Breaking:-
Silicon Valley Bank $SIVB officially sold to First Citizens Bank.
@CryptoTrades
📊 Altcoins Chart Analysis 📚
Coin - Threshold (T/USDT)
Time Frame - 4 Hour
Bias - Bullish
https://www.tradingview.com/x/AITonqgb
A monstrous Falling wedge on T/Usdt Chart looking exquisite. A 2x rally from here is quite viable. Pretty lovely 1:10 RR here. Good to go
Buy Zone 0.036 - 0.0416$ (Current Price)
Stop on 4 Hour Candle close below 0.034$
Short term targets 0.0455/ 0.0495
Mid term targets 0.055/ 0.072/ 0.095$
@CryptoTrades
Closed this Short timely last night. Everyone is getting bearish here and Bitcoin has merely fallen 7% from top. FUDs everywhere is what stopping me to short this bounce. We might see 31k before 25k. Short squeeze is very much into the play. Do not Short. I'll update if we need to buy any Pullbacks on Bitcoin here
Stay tuned
@CryptoTrades
Most likely, the next target for Bitcoin is going to be in 25k - 26.5k Range. I dont see any fundamentals whatsoever for us to breakout above 29k. The next move is going to happen in 72 hours.
Stay tuned
@CryptoTrades
📊 Altcoins Chart Analysis 📚
Coin - SSV (SSV/USDT)
Time Frame - 4 Hour
Bias - Bearish
https://www.tradingview.com/x/EdRCy2ba/
Nice Risk Reward in this Short Setup. Manage Risk as market can fluctuate hard after binance resumes trading
@CryptoTrades
Apologies for no updates for last two days. Will review market in a while. Stay tuned
@CryptoTrades
Will post few potential Altcoin setups today. Just want to know which type of Trader you are
Scalp Trader (Need Result same day) 👍
Swing Trader (1-7 Days) 👌
Positional Traders (Mid term) 🤝
Hodlers (Long Term) 💯
I need honest reactions. Will start sharing Coins and Feeds accordingly.
@CryptoTrades
Breaking:-
Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
Meanwhile China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades
What if End of USD as global reserve currency is coming. Moreover US dollar has already ruled for over 100 years. Its time for change. IMO, all these macro economic events will become catalyst to dethrone USD as Global Reserve Currency in next few years (Say 2030).
What do you think
Yes , USD will be dethroned 🔥
No, It will Prevail 💯
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour (LTF)
https://www.tradingview.com/x/pWD6OtLC
So far looks like a scam pump on Bitcoin. Might stretch to 27.8k-28k zone. PA is Bearish. Pretty much Short the bounce Price Action. I'll interested to short here at 27360$ and add another entry if we get scam wick to 28k. High probability that we might hit entry 2, So manage risk accordingly.
Stoploss should be 28.5k.
A little Risky Short setup as market is in quite uncertainty mode. So sl is tight and hard stop. (3% loss if we lose this one)
Targets - 26.7k - 26.2k - 25.5k - 24.5k
@CryptoTrades
CFTC alleges Binance traded on its own platform with 300 accounts directly or indirectly owned by CEO Changpeng Zhao (CZ)
@CryptoTrades
Breaking
Binance and CEO sued by US CFTC over alleged regulatory violations. Bad news for crypto.
Keep same sl for btc long at 26.2k. If it gets stopped, come all in usdt. We will reevaluate.
@CryptoTrades
Breaking:-
Microstrategy Secures 6,455 Bitcoins in $150 Million Deal at $23,238 Average Price.
Saylor made smart choice this time around. He was buying the top during entire bear run. But in 2023, it's already up 4.5k$ from his Average entry.
Shall we counter trade his this time ?
Yes - 👍
No - 🤝
@CryptoTrades
https://www.tradingview.com/x/VACibs2X
Entering #ID Buy Setup in two entries at 0.44 ~ 0.48$ (Limit Entry)
Stoploss - Hourly Candle close below 0.43$
Short term targets 0.52/ 0.56
Mid term targets 0.60/ 0.72/ 0.90$
PS :- It's limit entry , not current Price buy. Manage accordingly
@CryptoTrades
Closing SSV here close to Breakeven. Market might push a little. Good to short the bounce tomorrow
@CryptoTrades
Good Morning World.
As expected. Altcoins Crashing Hard, Shitty PA of Bitcoin. Nothing interest in market.
@CryptoTrades