GM
The price is moving up but something feels very off.
Many altcoins are testing broken supports as resistance, fundings are increasing again and there are a lot of liquidity gaps below.
It wouldn't surprise me to see a strong reversal.
The price is moving up but something feels very off.
Many altcoins are testing broken supports as resistance, fundings are increasing again and there are a lot of liquidity gaps below.
It wouldn't surprise me to see a strong reversal.
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CryptoCapo TG
GM The price is moving up but something feels very off. Many altcoins are testing broken supports as resistance, fundings are increasing again and there are a lot of liquidity gaps below. It wouldn't surprise me to see a strong reversal.
Yesterday's movement felt off, and it has already been completely reversed.
Same plan. Eyes on liquidity below $60,000.
Same plan. Eyes on liquidity below $60,000.
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CryptoCapo TG
ZCX update ZCX moved very well since the first post at $0.18. It broke the range high ($0.25), tested it as support and reached $0.45 (2.5x since the first post) Now, as I said in other posts, if BTC retraces to $60k or a bit lower altcoins should drop…
ZCX update
Since the last update, it followed the drawn path, falling to support and bouncing from there. But now it hit the same resistance level which seems strong.
We can expect another move to support, especially because the entire market looks weak.
Since the last update, it followed the drawn path, falling to support and bouncing from there. But now it hit the same resistance level which seems strong.
We can expect another move to support, especially because the entire market looks weak.
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CryptoCapo TG
DXY Bouncing from the major support posted on the previous analysis. It has inverse correlation with BTC, but they usually diverge first (it's happening now, both are going up). This is another reason why I expect BTC to reverse its bullish trend soon,…
DXY looking very strong.
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CryptoCapo TG
OTHERS (Altcoins market cap) Correction taking place. Next support is about 15-20% away. This would match with BTC taking the liquidity below $60k, then altcoins should dump harder. If that support can hold, we could see another leg up for altcoins, to…
OTHERS update
Same idea but it's taking longer. The next support zone is 15-25% away, so altcoins could drop this on average.
Same idea but it's taking longer. The next support zone is 15-25% away, so altcoins could drop this on average.
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Memecoins overview
Memecoins had a solid bullish run these past few weeks, meaning money was flowing from majors to low caps.
Now they are hitting important htf resistances, and the PA is looking weak. We should expect a correction here, same as with the rest of the market, but memecoins would dump more.
Memecoins had a solid bullish run these past few weeks, meaning money was flowing from majors to low caps.
Now they are hitting important htf resistances, and the PA is looking weak. We should expect a correction here, same as with the rest of the market, but memecoins would dump more.
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CryptoCapo TG
Just watching.
To add more context, BTC is still in no man's land. We could see a short-term bounce because there were a lot of liquidations on alts, but before making a move I would wait to see how it reacts at the extremes of the range.
Eyes still on liquidity below $60k.
Eyes still on liquidity below $60k.
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Movements like this cause a lot of people to lose a lot of money, and I'm not happy about that. That's why I work hard to try to avoid these types of drops and I hope that it can help many people.
Making money is important and there are always opportunities for it, but preserving capital is even more important, because without capital to invest, you cannot make money.
As I said before, at the moment I just wait and watch without making any movement. There may soon be opportunities to buy some alts at good discounts, but not yet.
I wish you all a good weekend.
Making money is important and there are always opportunities for it, but preserving capital is even more important, because without capital to invest, you cannot make money.
As I said before, at the moment I just wait and watch without making any movement. There may soon be opportunities to buy some alts at good discounts, but not yet.
I wish you all a good weekend.
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CryptoCapo TG
To add more context, BTC is still in no man's land. We could see a short-term bounce because there were a lot of liquidations on alts, but before making a move I would wait to see how it reacts at the extremes of the range. Eyes still on liquidity below $60k.
GM
The bounce seems over. Expecting bearish continuation soon, probably for the last leg of this correction.
The bounce seems over. Expecting bearish continuation soon, probably for the last leg of this correction.
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CryptoCapo TG
Photo
ZCX update
Support hit and bouncing from it. Even if BTC goes to sub $60k, this one could have hit a local bottom, because the BTC pair (ZCX/BTC) is at support too.
Support hit and bouncing from it. Even if BTC goes to sub $60k, this one could have hit a local bottom, because the BTC pair (ZCX/BTC) is at support too.
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