Current situation:
The market has been recovering since BTC took part of the liquidity below $60k. Some altcoins made a new low but others didn't. This was expected (see the idea of the replied post and other updates)
However, BTC left liquidity at $57k-$59k and the bounce is overextended now. We could expect another retracement, but this move down could not reach new lows, just form a higher low.
Whether BTC and the rest of the market makes a new local low or a higher low, after this possible next pullback, it might be a good time to add exposure to the market, especially to low caps. If that happens I will be buying some and will share the setups.
The market has been recovering since BTC took part of the liquidity below $60k. Some altcoins made a new low but others didn't. This was expected (see the idea of the replied post and other updates)
However, BTC left liquidity at $57k-$59k and the bounce is overextended now. We could expect another retracement, but this move down could not reach new lows, just form a higher low.
Whether BTC and the rest of the market makes a new local low or a higher low, after this possible next pullback, it might be a good time to add exposure to the market, especially to low caps. If that happens I will be buying some and will share the setups.
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CryptoCapo TG
SOL It broke the main resistance ($130-140) and continued higher, so now it's probably going to test it as support. If that zone holds, it could continue moving up towards the ATH.
SOL
Using SOL as an example. It tested the $130-140 support level perfectly and bounced from there. Now what I expect is a retest, forming a higher low. During that move, some altcoins could make a new low. BTC could test the $57k-$59k level with a wick or also form a higher low.
Using SOL as an example. It tested the $130-140 support level perfectly and bounced from there. Now what I expect is a retest, forming a higher low. During that move, some altcoins could make a new low. BTC could test the $57k-$59k level with a wick or also form a higher low.
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CryptoCapo TG
GM Expecting bearish continuation soon.
Bearish continuation playing out.
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GM
The market is moving accordingly to the analysis. BTC is dumping slowly towards the $57k-$59k target and ETH towards $2700-$2800. If we see bullish signs at those levels, I will flip short-term bullish and add some exposure to altcoins, especially low caps (will share some of them). It will all depend on the reaction there. I say short-term because despite of the possibility of a good bounce from those levels, my main bias remains bearish for the next months.
For now, I keep CRO and BNB shorts open and just waiting for this correction to be over before making any other move.
Have a blessed weekend!
The market is moving accordingly to the analysis. BTC is dumping slowly towards the $57k-$59k target and ETH towards $2700-$2800. If we see bullish signs at those levels, I will flip short-term bullish and add some exposure to altcoins, especially low caps (will share some of them). It will all depend on the reaction there. I say short-term because despite of the possibility of a good bounce from those levels, my main bias remains bearish for the next months.
For now, I keep CRO and BNB shorts open and just waiting for this correction to be over before making any other move.
Have a blessed weekend!
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CryptoCapo TG
GM The market is moving accordingly to the analysis. BTC is dumping slowly towards the $57k-$59k target and ETH towards $2700-$2800. If we see bullish signs at those levels, I will flip short-term bullish and add some exposure to altcoins, especially low…
Same thing.
No updates = no changes
No updates = no changes
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CryptoCapo TG
HBAR update It went lower before but just reached the main resistance.
HBAR
The main resistance acted as it should, and now the price is 40% down from there.
The main resistance acted as it should, and now the price is 40% down from there.
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Overview for this week
Today:
-Hong Kong spot Bitcoin and Ethereum ETF trading officially live (sell the news so far)
-Eurozone CPI
-CZ's sentence
Tomorrow:
-Fed Interest Rate Decision
-FOMC
BTC still trading within the $73k-$60k range. Liquidity resting below/above it. In my opinion, the next movement should be to the range low again, reaching $57k-$59k (and ETH $2700-$2800). The reaction there is going to be key.
Today:
-Hong Kong spot Bitcoin and Ethereum ETF trading officially live (sell the news so far)
-Eurozone CPI
-CZ's sentence
Tomorrow:
-Fed Interest Rate Decision
-FOMC
BTC still trading within the $73k-$60k range. Liquidity resting below/above it. In my opinion, the next movement should be to the range low again, reaching $57k-$59k (and ETH $2700-$2800). The reaction there is going to be key.
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CryptoCapo TG
Same thing. Eyes on $57k-$59k.
$57k-$59k reached ✅
I'm going to check now the lower timeframes and the indicators to see if a local bottom could be formed around here.
I'm going to check now the lower timeframes and the indicators to see if a local bottom could be formed around here.
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CryptoCapo TG
GM The market is moving accordingly to the analysis. BTC is dumping slowly towards the $57k-$59k target and ETH towards $2700-$2800. If we see bullish signs at those levels, I will flip short-term bullish and add some exposure to altcoins, especially low…
Market update
BTC has reached the $57k-$59k key level, and ETH $2700-$2800. What should we expect now?
We could see a ltf local bottom formation here, but for that we need ltf bullish PA. There's considerable demand below these levels, which is good. But until we see a strong reaction or confirmation, I would be cautious before entering any position.
I have taken profits from my CRO and BNB shorts. They could go lower, but the profits are very good already, and we are currently at a support level.
Let's see how prices respond here. Sitting on my hands for now until I see a ltf reversal.
BTC has reached the $57k-$59k key level, and ETH $2700-$2800. What should we expect now?
We could see a ltf local bottom formation here, but for that we need ltf bullish PA. There's considerable demand below these levels, which is good. But until we see a strong reaction or confirmation, I would be cautious before entering any position.
I have taken profits from my CRO and BNB shorts. They could go lower, but the profits are very good already, and we are currently at a support level.
Let's see how prices respond here. Sitting on my hands for now until I see a ltf reversal.
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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 (Altcoins market cap) update
It finally reached support and it's forming a potential double bottom.
I'm buying some low cap altcoins here. Not sure about new highs, but we could see a decent bounce from current levels.
It finally reached support and it's forming a potential double bottom.
I'm buying some low cap altcoins here. Not sure about new highs, but we could see a decent bounce from current levels.
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