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This is Earn&Learn channel. We are here to enjoy the ride while learning how to do it. Swing trading without pumps&dumps. Contact @theaudiemurphy for Enquiries https://bit.ly/TheAudieMurphy
US 🇺🇸 Treasury Department releases report calling Bitcoin 💰 digital gold.
@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
~Atal is Posting Banger after Banger.
Unbelievable performance
Bitcoin Setup
Direction - Short ⬇️
PAIR - BTC/USDT
Entry Price - 103.8k ~ 101.1k (Current Price)
Invalidation - 106k
Targets - 98.8k/ 95.6k/ 93k/ 90k/ 85k
@CryptoTrades
Coming to my main chart (HTF), scenario remains the same. Believe it or not, i think we will see below 85k for sure In December, just that they managed to trap tons of liquidity providers above 100k. Smart move by MMs.
I'll tell you guys where to have your spot buy bids ready for Bitcoin & some of the Trendy alts coins.
@CryptoTrades
So it was indeed a deviation. They can trap them all but can't trap the real followers of Audie. I gave you clearer picture when everyone was giving 150k calls.
You're Welcome ❤️
@CryptoTrades
112 Bullish Reactions calling for 120k vs 49 Bearish reactions calling for below 100k move.
Funding rates says it all. A well set trap to me.
@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 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
Bitcoin Dominance Update Coming. I'll tell you where you should sell your Altcoins & when to rebuy, what to expect from them in December. All of our dominance updates so far have been a hit.
Give some love & share with your friends before I post the update
@CryptoTrades
BNB First Target ✅
Take Partials & Move stoploss to entry for remaining positions
@CryptoTrades
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
Remember this setup?
I'll get back to it in my next post !!
@CryptoTrades
ARB 74% spot profits so far. Hit First Mid Term Target ✅✅✅✅
If the market gives us a chance, A nice re-entry would be below $0.85
@CryptoTrades
MANTA 70% spot profits so far. Hit First Mid Term Target ✅✅✅✅
If the market gives us a chance, A nice re-entry would be around $0.95
@CryptoTrades
📉Chart Request 1 📈
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
I've received many requests. Will start posting them now one by one. I'll post scenarios so you'll have an idea of who to have the chart in the next few days/weeks
@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
A Potential Bitcoin Setup is on its way. You guys can enter you can manage emotions and risk
@CryptoTrades
The level of Euphoria said it all. A hard way to reset funding by MMs. I don't think it's over. Next few days of sideways move & we hit our main zone
@CryptoTrades
I might be wrong here but the obvious move after US open should be a nuke towards 104600-105000 zone, eat all that liquidity & then pullback towards 98-100k
@CryptoTrades
This TV Show was really ahead of its time.
Producer must be a real Visionary
@CryptoTrades
Dot hit second Target ✅✅
34% Spot Profits so far 💸
@CryptoTrades
And BNB flipped meme SOL as fifth largest Crypto currency in the world. You guys were told time and time again about BNB potential move
Next will be usdt and Xrp. All shift on BNB Ecosystem. I feel like they would be the last ones to pump before a mini crash/ black swan in December. Updates Coming along with btc.d chart next.
@CryptoTrades
You guys were warned about potential BNB move again and again. Hope you guys making money
Hit Second Target ✅✅
@CryptoTrades
That's my personal view about how Bitcoin will likely behave in December. Tomorrow I'll post the Bitcoin Dominance update so that you will get a clearer picture when it will likely find support & when Bitcoin will start taking the control again
@CryptoTrades
📈Btc Chart Update 📉
Time Frame - Daily
First of all, I'm not trying to scare you guys off but just would like to speak my mind and let you guys have a well informed decision on Market instead of emotional one. I personally feel like Bitcoin will actually pull a 80-85k move before breaking 100k. There are multiple reasons I'm considering & relying my analysis upon
🔸A whole lot of Euphoria in the market with everyone calling alt run alt run and unreal targets is making it all shady. Many famous Influencers on Social media like instagram & tiktok giving Xrp Target of 100-500$ is making me remind of 2018
🔸 Technically, whole market is overbought, over stretched with some coin even pulling 5-10x moves and needs a reset. In this bull run, every time Bitcoin retraces, it has retraced at least 20% and max 30% from the local top so that brings 80k on the table
🔸 Funding Fee, Open Interest on Bitcoin & Altcoins are too hyped and genuinely needs a reset before going up
🔸 Psychologically, people are going all in on Altcoins based on their paid group leaders who will never alert them but unload their bags on them & use them as their liquidity.
🔸 Google searches about Bitcoin is peaking just like it did way when Bitcoin topped in 2021. I do believe market makers will lure in all emotional traders & pull a long squeeze in December
🔸USA govt transferred 10k Btc worth a billion dollars to Coinbase potentially indicating a fall
Conclusion:- I don't think we will see oct lows in the market but what I do mean is the market shall definitely will us a chance to re-enter lower later in the December. I'll be looking forward to 80-85k region for long, even 74.3k as we have tonnes of liquidity there. Message is simple, Take profits & preserve your capital. I'm not asking to short the market but profits preserved are also profits earned
Invalidation :- Any Daily Close above 100k
@CryptoTrades
We've had huge success in November month and first week of December so far.
I'll update on rebuy zones of remaining running Trades like TON, FXS, CTSI, LTC, NEAR, SAGA, BAKE, VANRY, FIL, ETH LONG, KAVA, AEVO, DOT later
First I need to talk about elephants in the room. Bitcoin & Bitcoin Dominance. Will post charts to make you guys plan your Trading for December month
@CryptoTrades
FTM 80% spot profits so far. Hit First Mid Term Target ✅✅✅✅
If the market gives us a chance, A nice re-entry would be below $0.90
@CryptoTrades
MANTA 7/% spot profits so far. Hit First Mid Term Target ✅✅✅✅
If the market gives us a chance, A nice re-entry would be around $0.95
@CryptoTrades