Bitcoin remained the most popular ETFs on Wall Street again this week.

@CryptoTrades

Found something very interesting on my Trading View Feed today. This thing exactly matches with my view on Bitcoin. Have a look :-

With the recent move to 52k+ prices, some have claimed the #Bitcoin    4-year cycle is now out of the question.

Their evidence, the .618 cycle retrace.

This retrace has marked the mid-top for each cycle, a point that comes in the middle of the cycle and brings large corrections (40 - 54%) and sideways periods.

Price has now surpassed it seemingly defying the rules.

But what if this is standard? There is a chance it may be.

The best way to measure these retraces is from weekly candle bodies, which allows us to include Cycle 1.

When we do this, we find that cycles have always made two primary tops above the .618.

This would have made 49k the first, and the second is in progress.

The amount that each cycle has risen over the .618 has been between 6 and 26%. This cycle is at 13.5%.

Even a weekly candle close occurred in 2016, making our close above not out of the ordinary.

The cycles aren't derailed just yet

@CryptoTrades

Open Interest of CME + BINANCE + OKEX + BYBIT hit All Time High

Historically when It reached major resistance, price followed by a correction of 20-40%

@CryptoTrades

Binance to End Leveraged Token Services by April 2024

Binance has scheduled the closing of its leveraged token trading and services on February 28, 2024.

This will be followed by the discontinuation of redemption and delisting on April 3, 2024, affecting pairs like BNBUP/USDT, ETHUP/USDT, and BTCUP/USDT.

@CryptoTrades

Flush/ Crash/ Reset, by Whatever name you call it, is imminent.

How to avoid making loss if flush happens in Feb end or March beginning?

1. Have stable coin exposure (Atleast 50% of your Portfolio)

2. Avoid leverage trading till funding fee resets.

3. Have limit dip orders of Trendy coins like AI, XAI, AGIX, FET, MANTA, WLD wtc down 20-40% from current price to encash the flush.

PS :- we can't deny a fake move towards 54-55k before the flush to carry some later longers & Liquidate/stop hunt them

@CryptoTrades

Bitcoin Fear and Greed Index is 78. Extreme Greed

Stay Safe from Leverage Trading
Current price: $52k

Hodlers never Lose

@CryptoTrades

📊Bitcoin Chart Analysis 📊

Time Frame - 4 Hour

Btc finally broke H4 EMA50. If we have 2 consecutive candles close below it, then a potential move towards 49k liquidation levels is imminent. Even if we get lower first, there is still some chance that pa will hit higher liquidity around 53-54.5k before the inevitable Halving Flush.

So there are basically two views.

I personally am with Red view. What's yours

Green 🔥

Red ❤️

@CryptoTrades

PS :- #DYOR before investing or Trading per our recommendations

@CryptoTrades

$AMB 37% Profits so far

@CryptoTrades

📊Bitcoin Chart Analysis 📊

Time Frame - Daily

I know you guys are not happy for missing out last week's Altcoin pumps and your disappointment over that is justifiable but here's the thing. I've marked out potential levels of interest for Btc. I personally believe btc should retest atleast 37k region anytime before Halving after which it should resume Bull Run. I know we've taken profits on Altcoins a bit early but there are always two scenarios. Either you keep playing alts aggressively knowing this maybe final leg, take some profits, rotate them & eventually getting trapped somewhere you've bought at local top Or you take profits a bit earlier and then wait for the Drop. We are kinda doing the second thing so I'm okay being bored and patient here instead of getting rekt buying top.

#StaySafe

@CryptoTrades

Meme Coins might go insane during the next week or so

Longing some 1000Rats

Entries 0.255 ~ 0.28 (Current Price)

Targets - 0.3/ 0.32/ 0.35/ 0.40$

Stoploss below 0.24$

@CryptoTrades

👀 Fear and Greed Index Reaches Highest Since November 2021

@CryptoTrades

People who bought #Bitcoin at 60K in 2021

@CryptoTrades

📊Bitcoin Chart Analysis 📊

Time Frame - Monthly

Well Bitcoin keeps on pumping, not giving Fu*k to any Resistance whatsoever. Here comes the most important resistance (Monthly High Candle close). Last time btc retraced significantly after tagging monthly high. We have weekly FVG till 62.6k, if Bitcoin wants to follow red path, then sweeping that makes sense.
However if we get Feb monthly candle close above 61.3k, then we should forget about flush and enjoy the alt run which is pending as Bitcoin is pumping hard with increasing dominance.

Manage your trades accordingly

What do you feel
Green Path 🔥
Red Path ❤️

@CryptoTrades