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

📊 Bitcoin Chart Analysis 📚

Time Frame - Daily

https://www.tradingview.com/x/paoZTTR2/

Pretty Boring market since last two days. Moreover we have been ranging from for 96 days now. Pretty clean chart on Daily. Unless we break descending triangle on either side, range will continue. We have cluster of resistance at 27.2k-27.6k in the form of descending TL, Daily MA50 & AVWAP from swing High. Also we have Pivot supports down the line between 23.6k to 25k.

How to trade this range:-

Any move above 27k should be shorted (Only if we see weakness in PA at those levels) with SL 27.8k

Be Aggressive buyer if market gives opportunity to buy at 23.6k-25k Region

@CryptoTrades

Bitcoin Scalp Long

Entry - Current Price 26590

Stoploss - 26050

Targets - 26.9k/ 27.3k

@CryptoTrades

As promised, Bitcoin long scalp was Shared with premium Folks

To join :-

https://bit.ly/TheAudieMurphy

https://www.tradingview.com/x/q60qjtZU

As expected Bitcoin retested Descending Trending in confluence with Daily MA50.

Whoever shorted above 27k based on my trading tip should be sitting me handsome profits at current price 26400. Book some profits and adjust sl to entry.

@CryptoTrades

Breaking:

Fidelity Investments, which manages more than $4.2 trillion in assets, is preparing to apply for a #Bitcoin ETF and submit an offer to acquire Grayscale.

@CryptoTrades

📚 Trading Tip 📚

Trading is filled with errors, stumbling blockade and even Liquidations that will lead to costly mistakes.

Your aim is to accept that the market will change, strategies will become useless and edges will die.

Adapt or Die.
Be ready to learn a new edge, a new Pattern. To restart

@CryptoTrades

https://www.tradingview.com/x/h1zyN25y

Btc Dominance Ripping Hard. Such an easy setup it was. Unfortunately it didn't give any pullbacks to load more. Target for btcdom till 2024 halving is 3000+. Any significant pullbacks in btcdom will result in Mini Alt run. For now, it's completely season. No or very hope for Alts for now

@CryptoTrades

One advice to you guys. Don't short Bitcoin just because it's at resistance. I see many retailers shorting just because it's at resistance and macro sentiments are bearish but Bitcoin will do opposite and will deliver max pain. Though 27400 is not price to open new longs but I'm not the one who short just because we hit some sort of resistance without watching any weakness in price action. Let it establish Price action. If I see any weakness, I'll issue Short scalp for free Channel along with premium Folks. Till then watch price action. Don't buy the resistance, and don't short without confirmation

@CryptoTrades

Like I said. Don't short the bull without confirmation. After Bitcoin will cool off a little, it'll give space to Altcoins. Keep holding spot Setups posted in last week

@CryptoTrades

📊 Bitcoin Chart Analysis 📚

Time Frame - 4 Hour

https://www.tradingview.com/x/qpXklw55

So Bitcoin skipped red one and went for green path. Following the path drawn but in impulsive way. There shouldn't be significant pullbacks till we hit region between 2021 yearly open and May Open (Also we have CME gap there). Good to book profits on spot buys around 29k region but remember no shorting without confirmation.

@CryptoTrades

Premium Trade

Entering #MAGIC Buy Setup in two entries at 0.68 ~ 0.725 (Current Price)

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

Stoploss - 0.63$

Targets - 0.77/ 0.82/ 0.90/ 1.02$

@CryptoTrades

Magic Long shared yesterday with Premium Folks

To join :-

https://bit.ly/TheAudieMurphy