$105k-110k liquidity zone reached β
What to expect now?
-Lower high to be formed here.
-Some alts could outperform for a few more days.
-Bearish continuation soon.
What to expect now?
-Lower high to be formed here.
-Some alts could outperform for a few more days.
-Bearish continuation soon.
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Some LTF supports here.
We could see a bit more short-term bounce, but the overall trend remains bearish.
Many say this is the start of the altseason. In my opinion, it's just a DCB with a few exit pumps.
There will be a time to be bullish, likely after a strong capitulation event, bigger than the one on Oct 10 (which I called the ''pre-Black Swan'' event). After that, I'll be one of the most bullish.
This is not that time yet.
We could see a bit more short-term bounce, but the overall trend remains bearish.
Many say this is the start of the altseason. In my opinion, it's just a DCB with a few exit pumps.
There will be a time to be bullish, likely after a strong capitulation event, bigger than the one on Oct 10 (which I called the ''pre-Black Swan'' event). After that, I'll be one of the most bullish.
This is not that time yet.
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Honestly today's move kind of looks like a bear trap. I think it bounces soon, for the final leg of the DCB.
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Same as yesterday, this looks more like a bear trap than the start of the bearish continuation leading to the black swan event, which should happen over the next few weeks, but not just yet.
A reclaim of $100k would be the confirmation for another test of the liquidity at $105k-110k. It could happen over the weekend.
A reclaim of $100k would be the confirmation for another test of the liquidity at $105k-110k. It could happen over the weekend.
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Plan remains the same.
First a bounce, then the strong bearish move (capitulation / black swan event)
Have a good week!
First a bounce, then the strong bearish move (capitulation / black swan event)
Have a good week!
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As you know, I'm overall bearish, but this current bearish wave looks overextended and there's a lot of liquidity above.
I think this is a local bottom here for a few days. Alts should bounce harder than $BTC, especially AI tokens.
Positioning remains the same as here, but I've just taken some profits from the short positions: https://t.me/CryptoCapoTG/1334
I think this is a local bottom here for a few days. Alts should bounce harder than $BTC, especially AI tokens.
Positioning remains the same as here, but I've just taken some profits from the short positions: https://t.me/CryptoCapoTG/1334
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CryptoCapo TG
$ETH Deviation above 2021's ATH. Bearish confirmation = clean break below $4,000 Target 1: $1,600-1,800 Target 2 (wick): $1,200-1,300
$ETH
After deviating above the 2021 ATH, it has retraced almost 50%.
As Iβve been saying over the past few days, this bearish leg now looks very overextended.
Price is finding local support, and sentiment is turning extremely negative.
Crypto market looks set for a short-term recovery move (relief bounce), before the next leg down.
After deviating above the 2021 ATH, it has retraced almost 50%.
As Iβve been saying over the past few days, this bearish leg now looks very overextended.
Price is finding local support, and sentiment is turning extremely negative.
Crypto market looks set for a short-term recovery move (relief bounce), before the next leg down.
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CryptoCapo TG
More and more confirmations. Last month was Rektober. This month could well be Novembear.
Novembear so far.
Interesting how when price was above $100k, the majority was calling for higher.
Now that price has almost touched $80k, more and more are calling for $60k-70k.
This is another reason why I think the market bounces first before reaching that target and even lower.
Interesting how when price was above $100k, the majority was calling for higher.
Now that price has almost touched $80k, more and more are calling for $60k-70k.
This is another reason why I think the market bounces first before reaching that target and even lower.
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Local bottom and bounce idea playing out so far.
It should last longer and go higher. I will let you know when I think it's over and things turn bearish again.
It should last longer and go higher. I will let you know when I think it's over and things turn bearish again.
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Looks like $90ks are next. Alts should outperform, especially AI and Privacy.
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90ks reached β
Expecting most altcoins to start outperforming soon, for the next few days.
Expecting most altcoins to start outperforming soon, for the next few days.
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I agree and think this move from the local bottom should go higher, with $BTC potentially reaching over $100k [https://t.me/CryptoCapoTG/1360], and $ETH between $3,5k and $4k [https://t.me/CryptoCapoTG/1357]
However, I don't agree with the idea of Bitcoin going to new ATHs. I've seen many posts calling for new highs, $150k or even higher.
I believe the bull cycle trend has been broken, and the cycle top should already be in for Bitcoin. This current move should end with a lower high.
However, I don't agree with the idea of Bitcoin going to new ATHs. I've seen many posts calling for new highs, $150k or even higher.
I believe the bull cycle trend has been broken, and the cycle top should already be in for Bitcoin. This current move should end with a lower high.
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CryptoCapo TG
#SILVER (XAG) & #GOLD (XAU) update Silver just broke out to new highs around $50, confirming the bullish setup. Gold is also at all-time highs near $4050, not far from the $4500 target I mentioned back in 2020, when it was trading at $1500. Post from 2020:β¦
New ATH for #SILVER (XAG).
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Altcoins look about to pump. Especially ISO 20022 tokens, Privacy and AI...
Short-term bullish. Have a good weekend!
Short-term bullish. Have a good weekend!
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$BTC is holding well above $90k. Some alts are starting to pump.
There's a reason I flipped short-term bullish near the local bottom. Until there are no signs of weakness, the bounce continues.
Let's see how this week plays out.
There's a reason I flipped short-term bullish near the local bottom. Until there are no signs of weakness, the bounce continues.
Let's see how this week plays out.
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I didnβt expect this shakeout, because thatβs exactly what it looks like. It doesn't change anything.
Key levels to reclaim now:
- $BTC: $90k
- $ETH: $3k
This should be the first LTF higher low.
Key levels to reclaim now:
- $BTC: $90k
- $ETH: $3k
This should be the first LTF higher low.
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