CryptoCapo TG
If $BTC stays above 93k and ETH/BTC breaks the 0.0194 resistance and does something like this, then altcoins could have a very strong final leg up.
GM!
Altcoins pumping, and ETH/BTC trying to break resistance.
Altcoins pumping, and ETH/BTC trying to break resistance.
Some altcoins are approaching resistance zones / targets.
I'm starting to take some profits here.
I'm starting to take some profits here.
25% TP’d. Just trailing the stop on the rest in case it goes higher, which is definitely possible.
CryptoCapo TG
$ETH - Current view Support: $1,500 Resistance zone: $2,000-2,300 Buy zone 2 (if later capitulation event): $1,000-1,100
$ETH update ✅
The $1,500 support held and price has now reached the resistance zone of $2,000-2,300.
Expecting a local top formation here and then a strong bearish move.
The $1,500 support held and price has now reached the resistance zone of $2,000-2,300.
Expecting a local top formation here and then a strong bearish move.
CryptoCapo TG
$SOL update $170-200 should be next.
$SOL looks ready to reach the main target of $170-200, outperforming BTC. The Solana ecosystem should keep going up.
CryptoCapo TG
$ENA update Many people have asked me for this, so here it is. I consider ENA a mid-term investment. That's why I'm just holding it until August-September (subject to change / adaptation) We can see how it has formed a massive range. Bearish trend is very…
Same plan for $ENA. Short-term target remains $0.50-0.55.
CryptoCapo TG
As long as Bitcoin stays above $88k (ideally above $90k), a final bullish move is likely before a strong reversal. Some levels I’m watching to start taking profits: • $BTC: $95k–98k • $ETH: $2,000–2,300 • $SOL: $170–200 • #Altcoins: 30%–100% higher on average…
Current situation
Analysis has been playing out as expected. Very strong bullish move.
• $BTC reached $98k and went even higher (deviation above probably)
• $ETH has reached $2,300
• $SOL is also at the $170-200 main resistance
• #Altcoins have pumped 30%-100%
What now?
I'm taking more profits here. 50% TP'd already.
Reversal should be strong.
Analysis has been playing out as expected. Very strong bullish move.
• $BTC reached $98k and went even higher (deviation above probably)
• $ETH has reached $2,300
• $SOL is also at the $170-200 main resistance
• #Altcoins have pumped 30%-100%
What now?
I'm taking more profits here. 50% TP'd already.
Reversal should be strong.
CryptoCapo TG
Photo
$RENDER update
Many have been asking for this, so here it is.
Not much has changed, to be honest. It reclaimed the key $4.25 level, and as long as it holds above, the main target at $6–7 remains in play.
Many have been asking for this, so here it is.
Not much has changed, to be honest. It reclaimed the key $4.25 level, and as long as it holds above, the main target at $6–7 remains in play.
Even if some alts could still go higher, my plan after taking 50% profits here is to start building a full hedge position over the next few days, starting now, in preparation for a potential capitulation event (black swan) later this month.
https://x.com/CryptoCapo_/status/1921470705658470712
GM
Sticking to my plan. I've been increasing my hedge position to reach the point where I'm fully hedged now.
Have a great Sunday!
GM
Sticking to my plan. I've been increasing my hedge position to reach the point where I'm fully hedged now.
Have a great Sunday!
X (formerly Twitter)
il Capo Of Crypto (@CryptoCapo_) on X
I'm fully hedged now.
Lots of reasons to believe this was just a strong dead cat bounce, as expected since March.
We caught the move. Now, taking profits and hedging the rest seems like the best decision, in my opinion.
We still need confirmations (for $BTC it would be below $93k), but if the idea plays out, this move should be fully retraced.
Many ask what could trigger such a strong capitulation event. There are several possible scenarios, but the outcome would likely be the same.
Remember: first the chart, then the news.
I’ll share more details this week.
We caught the move. Now, taking profits and hedging the rest seems like the best decision, in my opinion.
We still need confirmations (for $BTC it would be below $93k), but if the idea plays out, this move should be fully retraced.
Many ask what could trigger such a strong capitulation event. There are several possible scenarios, but the outcome would likely be the same.
Remember: first the chart, then the news.
I’ll share more details this week.
CryptoCapo TG
$SOL update $170-200 should be next.
$SOL update
$170-200 target was reached.
Now bearish.
$170-200 target was reached.
Now bearish.
This really looks like a local top.
I’m already fully hedged (50% profits taken + $BTC, $ETH and $SOL shorts), but I’ll likely add more altcoin shorts if we get further bearish confirmations.
The goal is to be net short over the coming days.
Let’s see how this plays out.
I’m already fully hedged (50% profits taken + $BTC, $ETH and $SOL shorts), but I’ll likely add more altcoin shorts if we get further bearish confirmations.
The goal is to be net short over the coming days.
Let’s see how this plays out.
$BTC new ATH doesn’t change the main plan.
This last move looks like a bull trap.
This last move looks like a bull trap.