Consensus for Year To Year Inflation rate for May 2023 is 4.1%. Data will be released in an hour.

Expecting some volatility to hit the Market so leverage trades are not recommended for the time being

@CryptoTrades

BREAKING:

US inflation falls to 4%, lower than expectations.

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Breaking :-

🇰🇪 Kenya's President calls for African nations to ditch the US dollar for trade settlements.

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Bitcoin update coming !!!

📊 Bitcoin Chart Analysis 📚

Time Frame - Daily

https://www.tradingview.com/x/1qKRWJyA/

Well Bitcoin finally fell below 25k even after yesterday's Interest rate pause by FED. Bitcoin is following textbook Price Action. Impact of all political & fundamentals events has duly been incorporated into its Price Action. Yesterday btc broke May Low levels and printed bearish impulsive candle causing price to fall below Fib 0.382 as well. Meanwhile we are making last corrective wave C of Elliot wave theory which will likely find its bottom anywhere between 23.2k (Fib 0.5) to 24.8k.

What to expect in Short Term ?
As long as we are above 24.7k, Expect bitcoin to make bearish retest of May Low at 25.7k delivering some pain to late shorters before next leg down.

Trading Tip:-

In these type of challenging market scenarios for Altcoins, Bitcoins is the true safe haven. If you guys manage to survive 2023 crypto winter, you guys will deserve all the gains Bitcoin delivers when it gets hot around halving season in 2024. Good to start Spot accumulation with lower bids at 23.5k.

@CryptoTrades

Interesting Fact :-

Stablecoin Depegs/Fuds has usually resulted in forming local bottoms.

https://www.tradingview.com/x/o6ZIjup2/

What do you guys believe ?

@CryptoTrades

Bitcoin Scalp Long

Entry - Current Price 25k

Stoploss - 24.6k

Targets - 25325/ 25.7k

@CryptoTrades

Premium Channel longed the bottom

Contact @theaudiemurphy to book your slot

https://bit.ly/TheAudieMurphy

📊 Altcoins Chart Analysis 📚

Coin - ID (ID/USDT)

Time Frame - 4H

https://www.tradingview.com/x/sGMusDFJ

ID forming Reversal Candles. Has good amount of Fair value gaps to the upside, few of them i believe will be filled if btc doens't lose 25k

Nearest Resistances :- 0.32/ 0.34/ 0.36/ 0.40/ 0.45$

Invalidation - Below Key Low 0.247$

@CryptoTrades

https://www.tradingview.com/x/0kTRlHIl

👁️ Eyes on FET 👆

@CryptoTrades

Breaking:-

🇳🇱 Binance shuts down operations in Netherlands owing to Failure to obtain License

@CryptoTrades

Another Stable Coin FUD and another 1000$ pump for Bitcoin

Has Bitcoin marked local bottom ?

Share your opinion

Yes 💯

No, We'll see CME gap 20-21k 🔥

@CryptoTrades

📊 Bitcoin Chart Analysis 📚

Time Frame - Daily

https://www.tradingview.com/x/pxBLMo0h

As stated in previous post, Bitcoin formed Elliott Wave C in confluence with Daily Pivot region at 24.8k and we saw massive Bounce off that region. Gladly we took scalp long from rock bottom. Flip flop influencers will say that this pump is due to BlackRock ETF or some other major news but as I said earlier, everything is contained in price action and we bounced off From Pivot support levels & oversold territory.

Price formed Range low deviation in last two days just like it formed Range High deviation on May 29- May 31 as depicted in this Chart.

What to expect next :-

Well it's good that we had a decent Bounce but now we are approaching mid range resistance and many fomo influencers who were giving countless shorts at 25k are now calling for 32k. But, given we are at mid range resistance, i refrain myself from longing here.

How to trade these levels :-

Best way to trade this range is wait for pullback to may low level and long from there. If we don't get the pullback, good to long at mid range break and reclaim.

Invalidation of Bull trend :- H4 Candle close below 25750

@CryptoTrades

https://www.tradingview.com/x/6UMrm2dE/

📊 Bitcoin Chart Analysis 📚

Time Frame - 4 Hour

So Bitcoin didnt give any pullback and broke equilibrium levels (mid range). Now two scenarios possible. Since next two days Price action will belong to weekend, so I expect Green Scenario. More pain to people shorting based on Market News, Fuds and horizontol resistance only but fails to see whole scenario. This run might stretched till 29.5k where we have CME gap before we cool off a little. I will issue next Scalp setup with Premium folks when i see right opportunity

You can contact @theaudiemurphy to book your slot

@CryptoTrades