I think the local bottom could be reached today or tomorrow.

Maybe 5%-20% drop left, where the main supports would be reached.

I'm ready to close the hedge position and start buying when the alerts get triggered.

That was it. Looks like we just saw the very last shakeout.

I’ve closed my hedge position and added more to my bags. Now I’m almost fully exposed to the market.

Hope you didn’t get shaken out, because what’s coming could be absolutely amazing.

It looks like many have capitulated here.

Selling now is a big mistake in my opinion. The smart move is to hold or buy.

Time will tell.

Remember:

Don’t let emotions cloud your judgment. I know it’s not easy, even if we anticipated this move. Now’s the time to apply what we’ve been preparing for.

I’ll share more on mindset once I’m fully back on X.

It’s also a good moment to rest for a bit and let the market do its thing—these have been demanding days of analysis.

#ALTCOINS

I'll just leave this here.

Have a great week!

Chances that this is a local bottom before altseason have increased even more.

I’m ready.

Don't get scared if we see another 5%-10% drop to form a higher low.

Just hold/buy the dip. This really looks like a local bottom formation.

$ENA update

It reached $0.55 and bounced from there. Now it got rejected again. Next support could is around $0.40. This doesn't change the plan for a new ATH in the next few weeks.

Check out the potential roadmap on the chart.

#Memecoins

Memecoins have retraced 60%-80% on average over the last few weeks (and they could still drop further).

Since a local bottom should be forming soon, they might see a bounce during the rest of February. However, I don't think most of them will reach a new ATH.

From now on, the focus should be on L1s, AI, RWA...

Maybe $88k-90k for BTC.

Current view: https://x.com/CryptoCapo_/status/1887822635104457087

Patience.

Idea playing out so far.

Even if the main plan remains the same, you can't ignore signs. Adaptation is key.

Not a permabull, not a permabear. Just a trader.

$ETH update

The $2,800-3,000 support zone didn't hold. Next support zone is $1,900-2,200, which should be tested again soon and is where the local bottom should be forming.

Main target remains new ATH, probably over $5k. That move would trigger the altseason.

Have a good weekend!

GM

Once again, this move feels like a bull trap. Watch out.

Yes, I mentioned the other day’s drop might have been the last shakeout, but adapting to current circumstances is key.

From current levels, altcoins could drop another 20%-40% in this second shakeout, potentially followed by a quick recovery.

I call it a “shakeout” because panic-selling during these sudden moves is a mistake. The right move is to stay calm and add to your position, since this should be an accumulation zone.

Let's see!