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://news.1rj.ru/str/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://news.1rj.ru/str/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 I’ve 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 I’ve 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 ✅
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://news.1rj.ru/str/CryptoCapoTG/1360], and $ETH between $3,5k and $4k [https://news.1rj.ru/str/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 $1500. Post from 2020:…
New ATH for #SILVER (XAG).
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Altcoins look about to pump. Especially ISO 20022 tokens, Privacy and AI...
Short-term bullish. Have a good weekend!
Short-term bullish. Have a good weekend!
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$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 didn’t expect this shakeout, because that’s 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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