Big Breaking:-

Bitcoin crashed to $63k 📉on Upbit Exchange.

South Korea announced martial as result Korean crypto market collectively plunged. Upbit's BTC directly dropped by 30% to as low as US$63,000.

Looks like they read Audie's detailed analysis of btc and possible path for December 2024 😅

@CryptoTrades

BNB First Target ✅

Take Partials & Move stoploss to entry for remaining positions

@CryptoTrades

You guys were warned about potential BNB move again and again. Hope you guys making money

Hit Second Target ✅✅

@CryptoTrades

📉 Bitcoin Dominance Update 📈

🔸Well Bitcoin Dominance did how I anticipated and Altcoins are having some best times of their lives. Everyone is fomoing thinking they'll multiply their portfolio overnight. Well guess what, here lies the Btc Dominance's Area of Interest.

🔸I can see many influencers calling it the ultimate Alt season & calling for dominance to doom towards 40 directly. Such Analysts are either to stupid to see the bigger picture or really fool their userbase. Don't get trapped by such shams

🔸 Coming to any analysis, I Can see 2 scenarios:-

🟩 Either btc.d go from current levels (55) to 58 zone for bearish retest, then went to 54-53 levels and we have more firecrackers in Altcoins before it starts climbing up (Green Scenario)

Or

🟥 Dominance makes the local bottom here between 54-55. We may have a week or more of Altcoins fireworks before the reality check to noob over-leverage overtraders (Red Scenario)

🔸 Either way, I am expecting Bitcoin to take control again later December & Dominance to have that final leg up above 62, soak all the blood from alts and pump alone with some Trendy alts only.

🔸 IMO, corrections will happen with in 2 weeks and a flash crash is likely to happen inducing a massive liquidation crash across Altcoins.
You can use those as an opportunity to get into the markets only if you have some liquidity to buy dips. Treat them as blessing

🔸Personally, I've booked 60% Profits on my Altcoins and the rest are my Hodl bags. I'll buy the dip and inform you guys. Won't short Altcoins here as they might have a few last days of exit pumps & don't want to end up being on the wrong side but I'm ready to miss these final few gains to preserve my capital

This is my honest advice. The final choice will be yours though.

Love
~Audie❤️

@CryptoTrades

Dot hit second Target ✅✅

34% Spot Profits so far 💸

@CryptoTrades

📉 Bitcoin Chart Analysis 📈

I was expecting Bitcoin to hit the 100k mark but not too soon. I was expecting it to happen in late December or early January but they pumped it on news of pro-crypto Paul Atkins to replace Gary Gensler as SEC Chair. Technically it's back above the ascending trendline & as long as it holds it, it's bullish.

Along with it, Bitcoin Dominance pumped as updated in yesterday's post and btc is soaking all the liquidity from Altcoins. The way funding rates are heated today, it might end up being a Bull trap but I am not gonna short it, just being cautious with 60% of portfolio in usdt as I still believe December will give good opportunities to rebuy/ relong.

2 scenarios possible here :-

A. Retest of 100k and continuation towards 120k

B. Clear all liquidity at 104500 & dump back below 100k to exit all late longs

What's your view

A - 🔥

B - 🤝

@CryptoTrades

Bitcoin almost Tagged First Target ✅

Make sure you guys move stoploss to entry price. Today the meme coins are pumping, Funding reset in Altcoins seems inevitable.

I'll chart 4-5 coins tomorrow for potential Dip buy entries/ stink bids ik case of flash dump

Submit your choices to @TheAudieMurphy

I'll post the relevant ones

@CryptoTrades