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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CryptoCapo TG
OTHERS update Same idea but it's taking longer. The next support zone is 15-25% away, so altcoins could drop this on average.
OTHERS (Altcoin index) update
Perfect move into support.
Now we can expect a bottom pattern to be formed here. We could see another dump into this support zone, while BTC takes the liquidity below $60k.
Some altcoins might have reached a local bottom already and now they would just ''fill the wick'', but others would make a new ltf low.
Perfect move into support.
Now we can expect a bottom pattern to be formed here. We could see another dump into this support zone, while BTC takes the liquidity below $60k.
Some altcoins might have reached a local bottom already and now they would just ''fill the wick'', but others would make a new ltf low.
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CryptoCapo TG
GM The bounce seems over. Expecting bearish continuation soon, probably for the last leg of this correction.
Bearish continuation taking place.
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GM
BTC is at resistance and the liquidity below $60k remains untouched.
However, even if BTC goes for that liquidity, many altcoins could just ''fill the wick'' and would not make a new low. I think the local bottom for some alts is in, but for others, it's not yet.
Therefore, I'm still waiting, but I plan to start buying some alts at a discount soon.
BTC is at resistance and the liquidity below $60k remains untouched.
However, even if BTC goes for that liquidity, many altcoins could just ''fill the wick'' and would not make a new low. I think the local bottom for some alts is in, but for others, it's not yet.
Therefore, I'm still waiting, but I plan to start buying some alts at a discount soon.
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CryptoCapo TG
GM BTC is at resistance and the liquidity below $60k remains untouched. However, even if BTC goes for that liquidity, many altcoins could just ''fill the wick'' and would not make a new low. I think the local bottom for some alts is in, but for others,…
Visual representation of the idea, low timeframe.
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Expecting another sell-off soon, probably the last one of this corrective wave.
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CryptoCapo TG
SL moved to breakeven.
CRO
Stop was hit at breakeven. Shorted again from a bit higher.
Stop was hit at breakeven. Shorted again from a bit higher.
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CryptoCapo TG
ETH Expecting a test to the $2800-3000 support level.
ETH
It reached the target and bounced off the $2800-3000 support zone.
Now it's also at resistance. I expect a last leg down into the same support zone, maybe a bit lower ($2700-2800).
It reached the target and bounced off the $2800-3000 support zone.
Now it's also at resistance. I expect a last leg down into the same support zone, maybe a bit lower ($2700-2800).
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CryptoCapo TG
GM BTC is at resistance and the liquidity below $60k remains untouched. However, even if BTC goes for that liquidity, many altcoins could just ''fill the wick'' and would not make a new low. I think the local bottom for some alts is in, but for others,…
Same plan as yesterday.
Another leg down to take the liquidity below $60k, but not every altcoin would make a new low.
Another leg down to take the liquidity below $60k, but not every altcoin would make a new low.
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CryptoCapo TG
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…
Memecoins update
They followed the plan perfectly, being the ones dumping the most.
Now they have bounced off support like the rest of the market, but we could expect a second retest if BTC goes to sub $60k, which is likely in my opinion.
In the charts you have examples of what I mean by ''fill the wick''
They followed the plan perfectly, being the ones dumping the most.
Now they have bounced off support like the rest of the market, but we could expect a second retest if BTC goes to sub $60k, which is likely in my opinion.
In the charts you have examples of what I mean by ''fill the wick''
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