📉 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

📉Chart Request 1 📈

Ethereum

Pair - ETH/USDT

Ethereum managed to tag 4000 psychological resistance and hit our first Mid term Target. I feel March 2024 highs should give it a pause and we must visit my First point of interest below $3.6k.

What i feel is going to happen is market makers may tag above 4k one more time, probably 4.1k, make everyone Bullish, gather aggresive late longs & then final flush with alts tanking more or we simply & slowly fall from here to 3600 region, consolidate there a little & then bounce back for a new ATH

How to Play:-

If looking for short, good to short above 4k with stoploss above 4.2k targetting 3.6k

If looking to long:- put your bids below 3.6k & wait for market to fill it.

PS:- In bull market, it is always advisable to buy the dip rather than shorting it. So short it only if you're pro at risk management. I believe We'll definitely get a buying opportunity in next 2-4 weeks.

@CryptoTrades

📉Chart Request 2 📈

SUI

Pair - SUI/USDT

Sui has clearly been amongst winners of this Alt Run so far. After pulling nearly 9x Move, it's finally having some rest. I can see Bearish Divergence forming in daily time frame w.r.t RSI & MACD and these things usually end up with Price action visiting potential levels of interest

Either Price revisit $3$ - $3.50, pump towards new ATH or we break 3$ & visit most important zone $1.90 ~ $2.20, create some Bearish sentiments, eliminate some holders & then the Final pump

PS :- Even in Alt Season, Prices don't go up in a straight line. However in bull market, it is always advisable to buy the dip rather than shorting it. So short it only if you're pro at risk management. I believe We'll definitely get a buying opportunity in next 2-4 weeks.

@CryptoTrades

📉 Bitcoin Chart Update 📈

Time Frame - H1 (LTF)

I was expecting Bitcoin to test 101.4k region & take all those stop hunts in millions. In LTF, expecting it to reach 98.9k first, where if we don't get enough bounce, then we'll likely test liquidity region under major support around 94.6k. A liquidity test below that region is expected.

Btc dominance is gaining strength so if btc has a sharp fall, expect alts to follow. Have your stink bids ready

What do you think comes first

105k - 🔥
95k - 💯

PS - 105k is closer than 95k from CMP. React & let us know your expectations!

@CryptoTrades

📉Chart Request 3 📈

Ondo Finance

Pair - ONDO/USDT

Ondo has gained alot of hype recently after it broke ATH on December 4th. Everyone is getting euphoric over it that it has broken ATH but let's come to basics. From 9th Dec onwards (happens to be today), Ondo will start releasing its supply of 53.70k Ondo on daily basis indicating selling pressure in market of around $90k per day. A big pump just a few days before supply release is often connected with Exit Liquidity.

Technically, there are two scenarios, either it retest ATH at 1.46 & have a textbook rebound as drawn with green brush or we get a SFP with downside consolidation in the blue box under all the high price.

It is advisable not to be emotional trader. Do not follow the Market. Let the market come to your range & then encash it.

@CryptoTrades