Forwarded from CryptoCapo TG
In case it's not clear enough:
- The market looks very bad. Bitcoin can give you the false illusion that we are in a bull market again, when the reality is very different and you only have to look at altcoins to realize this, which are slightly up from the bottom or making new lows over and over again.
- I don't trust Binance, Huobi, Coinbase, CZ, Justin Sun, or stablecoins (especially BUSD, USDC, TUSD but neither USDT)
- I think we are going to witness a massive capitulation event that should mark the end of this bear market. This is why I have built several short positions (BNB is the biggest one) and the rest of my portfolio is in USD. Altcoins could literally dump 70-80%. This is not FUD, it's what I see after hours and hours of deep analysis.
The risk is high and any warning is little. Good luck and stay safe. A storm is brewing, and it's closer than you think.
- The market looks very bad. Bitcoin can give you the false illusion that we are in a bull market again, when the reality is very different and you only have to look at altcoins to realize this, which are slightly up from the bottom or making new lows over and over again.
- I don't trust Binance, Huobi, Coinbase, CZ, Justin Sun, or stablecoins (especially BUSD, USDC, TUSD but neither USDT)
- I think we are going to witness a massive capitulation event that should mark the end of this bear market. This is why I have built several short positions (BNB is the biggest one) and the rest of my portfolio is in USD. Altcoins could literally dump 70-80%. This is not FUD, it's what I see after hours and hours of deep analysis.
The risk is high and any warning is little. Good luck and stay safe. A storm is brewing, and it's closer than you think.
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Potential scam pump before bearish continuation. BTC could touch 27k-28k.
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CryptoCapo TG
Potential scam pump before bearish continuation. BTC could touch 27k-28k.
They are ready for the fake pump. As I mentioned yesterday, BTC could touch 27k-28k and altcoins could bounce 10-20%.
Then bearish continuation.
Then bearish continuation.
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There it goes. Scam pump in progress.
Expecting higher before reversal.
Expecting higher before reversal.
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Main scenario:
Last leg up of this scam pump to 28300-28500. Local top to be formed at $28ks. Then down to sub $25k.
Next big support below $25k = $20k-21k. Below there, main target = $12k.
Last leg up of this scam pump to 28300-28500. Local top to be formed at $28ks. Then down to sub $25k.
Next big support below $25k = $20k-21k. Below there, main target = $12k.
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CryptoCapo TG
They are ready for the fake pump. As I mentioned yesterday, BTC could touch 27k-28k and altcoins could bounce 10-20%. Then bearish continuation.
Same same...
Second and last leg of the scam pump incoming. $28,300-28,500 is resistance.
Second and last leg of the scam pump incoming. $28,300-28,500 is resistance.
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Fake pump retraced. Ltf idea invalidated.
Expecting a big sell-off.
Expecting a big sell-off.
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CRO
Adding this to my short positions.
Very bearish PA. After dumping 94% from the ATH, it tested the ATL several times. It's finally broken and tested as resistance, matching with another diagonal resistance. How low could this go? Who knows, but with capitulation event being very likely in the entire market, this coin has thin air below the ATL. Expecting it to dump hard.
Adding this to my short positions.
Very bearish PA. After dumping 94% from the ATH, it tested the ATL several times. It's finally broken and tested as resistance, matching with another diagonal resistance. How low could this go? Who knows, but with capitulation event being very likely in the entire market, this coin has thin air below the ATL. Expecting it to dump hard.
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CryptoCapo TG
DXY Potential short squeeze
DXY update
Playing out so far. Expecting higher, reaching at least the range high at 106. Then it will depend on the reaction there.
Playing out so far. Expecting higher, reaching at least the range high at 106. Then it will depend on the reaction there.
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CryptoCapo TG
SOL update Perfect deviation. Still short with main target = $3
SOL
Confluence for the TA and short position:
https://twitter.com/TheDeFinvestor/status/1700461501977354386?s=20
Confluence for the TA and short position:
https://twitter.com/TheDeFinvestor/status/1700461501977354386?s=20
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The biggest bull trap ever is followed by the biggest capitulation event ever.
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This is how I expect the capitulation event to play out:
-First, an initial drop of BTC to $19k-21k and ETH to $1000-1100, where altcoins would dump 30-40%, breaking the current main supports. This initial move would be accompanied by very bad news.
-Later on, attempts would be made to debunk these news (4?), which would cause a bounce/consolidation that might last a few days, and perhaps the broken supports might be retested as resistance.
-Finally, more evidence would come forth to back up that initial bad news, leading to the final capitulation wave where Bitcoin would finally reach its main target of $12k, and altcoins would nuke 70-80%. That should mark the end of the bear market.
-First, an initial drop of BTC to $19k-21k and ETH to $1000-1100, where altcoins would dump 30-40%, breaking the current main supports. This initial move would be accompanied by very bad news.
-Later on, attempts would be made to debunk these news (4?), which would cause a bounce/consolidation that might last a few days, and perhaps the broken supports might be retested as resistance.
-Finally, more evidence would come forth to back up that initial bad news, leading to the final capitulation wave where Bitcoin would finally reach its main target of $12k, and altcoins would nuke 70-80%. That should mark the end of the bear market.
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CryptoCapo TG
This is how I expect the capitulation event to play out: -First, an initial drop of BTC to $19k-21k and ETH to $1000-1100, where altcoins would dump 30-40%, breaking the current main supports. This initial move would be accompanied by very bad news. -Later…
In relation to this, I won't close my shorts during that potential consolidation because it could not happen or it could happen very fast. Main targets are clear, and that's the main plan.
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