When I'm looking at certain Trendy coins in smaller time frame (1h, 4h), i mostly see Bearish Scenarios. But when I look at them at Daily levels, i don't see any bearishness and all i see is normal pullbacks in a Uptrend. Will share such coins
@CryptoTrades
Looks like our Tribe is finally paying attention. Go, React and submit your own analysis to @theAudiemurphy
Читать полностью…📚 Trading Tips 📚 #1
Our team will start posting Learning/Education Tips for our Subscribers from Today onwards. One post daily on Trading Tips, that too in very precise form for our Folks' Easy understanding.
Today's post is about some of the most important patterns that you'll need to learn to learn basic price action and how to read fractals.
#CryptoTradesEducation
@cryptotrades
Breaking :-
Bybit crypto exchange suspends USD deposits via bank transfer.
@CryptoTrades
📊 #Bitcoin Chart Analysis 📚
Time Frame - Daily (HTF)
https://www.tradingview.com/x/5BLrmvPa
Bears are so damn married to their Bias that they fail to see bigger picture here. When we look at a #BTC in daily, I don't see anything Bearish. Why am I bullish ? Summarised in brief points for your easy understanding:-
1. We have Bullish Price Action in daily as Volume is decreasing with Falling prices
2. A clear Bullish Divergence on RSI as shown in chart. We do have Bullish Divergence on MACD as well but not shown in chart as it'd have made chart clumsy
3. We are still in Ascending Trendline and just made 3rd Tap
4. We haven't lost our Higher Low yet which is at 21.3k as mentioned in previous post.
So We are likely going up as long as 21.3k HL is held. Two scenarios popping up here:-
A. Bitcoin pumps towards 23.8k-24k, fight some weekly resistances there, consolidates a while and then resume Uptrend towards 28-32k - Green Brushing
B. We pump towards 23.8-24k, make Giant h&s there and fall back towards Daily MA200 (Untested Area) or more likely FVG at 18-19k - Red Brushing
What path do you believe Btc will follow
A - Green 🔥
B - Red 👍
C - No Bounce & breaker of HL 🎅
Guys React and Share analysis with your colleagues and Friends
@CryptoTrades
https://www.tradingview.com/x/vVrzLthI
Legendery Short setup by @CryptoTrades . When everyone was euphoric on RNDR at top, we played against odds and shorted it instead of longs. Rndr fell 38% from our average entry. 76% profits with 2x leverage.
Now it's lying at strong support. Might have good relief bounce from this zone
@CryptoTrades
📊 Bitcoin Quick Update 📚
Time Frame - 4 Hour (LTF)
https://www.tradingview.com/x/DI6w7CzC
I was expecting liquidity test till 22.6k but My gox news had magnitude effect. Whales will simply won't do V shape recovery. They'll eliminate more longers, make everyone bearish in process and then go up. I think this price action is gonna be quite similar to PA between 9th-14th Feb.
Watch out
Invalidation Point Still Same - H4 close below 21.8k
@CryptoTrades
Breaking:-
SEC Chair says crypto exchanges should not be considered safe custodians.
@CryptoTrades
Entering GTC Buy Setup in Two entries at 2 ~ 2.14$ (Current Price)
https://www.tradingview.com/x/YSw6yFBy
Stop on 4 Hour close below 1.92$
Short term targets 2.25/ 2.38
Mid term targets 2.55/ 2.95/ 4.50$
@CryptoTrades
I'll share one potential setup worth 40-200% gains in next post. Invite your friends to join @CryptoTrades and make Free Money
@CryptoTrades
https://www.tradingview.com/x/yuftThhV
FXS 12% up from update on 26th Feb.
Enjoy Free money
@CryptoTrades
That was not bearish pennant in FET. That's Bearish wedge.
Only 14 members got their answers right 😏
@CryptoTrades
📊 Altcoins Chart Analysis 📚
Coin - FET (FET/USDT)
Time Frame - 4 Hour
Bias - Neutral ~ Bearish
https://www.tradingview.com/x/p8q4F9U9
AIs are least much affected by March crypto bloodbath. However I can see some bearish signs in top AI coins. Unless FET comes back in that trading Channel, it is likely to follow the path I've drawn in chart no matter how Bitcoin reacts.
Based on today's Trading Tip, Tell us what is this bearish pattern that FET is forming?
1. Bearish Pennant 👍
2. Bearish Triangle 🍓
3. Bearish Wedge 🦄
Also submit your charts or analysis to @theaudiemurphy if you get across similar structure in any Altcoin charts. If I like , I'll do TA and post complete analysis
@CryptoTrades
As expected market keeps chopping and going sideways. It is advisable not to trade altcoins in these days. Sit back and enjoy watching price action till Wednesday.
Personally I’m in bitcoin long with hard Stop 21.3k as its beatiful Risk Reward Ratio. Not trading Altcoins though
@CryptoTrades
Ctxc filled both Entry prices thanks to yesterday's shakeout in Bitcoin.
Avg entry price - 0.258$
@CryptoTrades
📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour (LTF)
https://www.tradingview.com/x/EzTW96h5
Bitcoin is not able to make V shape recovery like i mentioned in previous Post. Just following same Price action like 9-14 Feb where previous Higher Low lies (i.e. 21350). As long as we are above that HL, the primary Trend stays Bullish. Even any Wick below those levels might make things nasty. PA is a little better than 9-14th Feb as dips are getting bought resulting in dragonfly & Long legged doji being formed.
PS:- I am not bearish unless we break previous Higher Low. Bitcoin might stay sideways, make one or two lower sweeps, eliminate many longs and the bounce like I've drawn in the chart.
@CryptoTrades
📊 Bitcoin Quick Update 📚
Time Frame - 4 Hour (LTF)
https://www.tradingview.com/x/uMhzdvqx
Well nothing much changed for Bitcoin. Trend is still Bullish despite so much FUD and weak Stock Markets across Globe.
Remember too much FUD and still no or less Dump = Bullish Signs
It is Liquidity that drive the whole Market. Expecting it to do one final liquidity test (Low Sweep) and bounce hard. Good to have some Long orders in 22.5k - 23.1k zone and wait for Fill
Invalidation - H4 close below 21.8k
Targets - 24k - 25k - 26k - 28k - 32k
@CryptoTrades
Cpi data and jobless claims data going to come in few hours. Avoid over leveraged trades and Market is expected to have volatility today
@CryptoTrades
Entering CTXC Buy Setup in two entries at ~ 0.245 - 0.271$ (Current Price)
https://www.tradingview.com/x/kvnmP0AJ
Stop on 4 Hour close below 0.22$
Short term targets 0.29/ 0.31
Mid term targets 0.35/ 0.45/ 0.75$
@CryptoTrades