The biggest bull trap ever is followed by the biggest capitulation event ever.

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.

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.

FTM

Perfect distribution pattern formed above $0.17-0.18 (H&S formation). It looks ready to break that main support.

Main target below $0.05

DXY update

First target of 106 reached. If it shows strength above this level, next target should be the upper dark zone at 109-112

If you analyze the nature of the ''pumps'', they are always the same. Same players, same fake demand, same PA. And always with the same purpose: to trap you and use you as exit liquidity. Now with the difference that these movements are increasingly weaker, because they are running out of fuel to do this.

Sub 25k incoming.

BTC

It finally completed the ltf idea that I thought was invalidated.

The fake pump seems almost over and $19k-20k should be next. Then we should see a short-term bounce around there, and then the last capitulation leg to $12k.

BNB - Zoomed in

If we look closely, we can see how BNB is flipping major levels from support to resistance, and forming a very strong bearish trend. It has been ranging between 204 and 230 for almost two months already, testing the previous level several times.

Expecting bearish continuation soon, to $180 at least. Then lower.

My plan for 2023 is straightforward: to ignore all the noise and to focus on my life and analysis.

So far, it's been successful; my portfolio is green this 2023. All the shorts are in profit (BNB, AAVE, WAVES, MATIC and SOL) except CRO which is in breakeven, and TRX in a loss. Also, my mind is much calmer.

There have been many narratives this year, but also many scams and hacks. Only a few people have made money but the majority got rekt. This is because we are not in a bull market yet. Opportunities to make good money will come.

The main move is taking time to occur, there's no doubt about that. Someone is holding the prices until the bad news hits the market and everything unfolds like a domino effect. This is not bad per se... in fact, it's something good because it gives you time to position yourself and to review everything more deeply to see if anything has changed. But nothing has changed, and everything points to a massive capitulation event like I've been warning these months.

Patience is key here, and it's one of my strongest skills. You can't control when things will happen, the only thing you can do is to position yourself according to the analysis. The ''wait'' feels shorter if you just enjoy your day-to-day life and have confidence in what you do.

The best is yet to come.

CryptoCapo_

Please report this fake TG channel: https://news.1rj.ru/str/CryptoCapoTGSignal

The official and only one is this one with currently 67,186 subs, and I don't have any Telegram bots.

When I say altcoins could drop 70-80% on average from current prices, it's not a joke. Now add to the equation the fact that BNB is the one that looks the worst, and that Binance has been having problems during all this year (the ''FUD'' list goes on and on, and it's going to get worse).

Show me the charts and I'll tell you the news...

DXY update

Good reaction above the range high, using it as support. 109-112 should be next.

BTC

No changes. 19k-20k should be next. Then 12k.