CryptoCapo TG – Telegram
CryptoCapo TG
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Official and free Telegram channel of @CryptoCapo_ from Twitter.

This is the only TG that I have. Beware of scammers. I will never DM you first.
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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.
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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...
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CryptoCapo TG
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
DXY update

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

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

Before and after (old chart from Twitter)

As you can see, my views are for the mid and long-term. I don't care how long it takes to play out, as long as it does. Expecting it to go lower.

Tweet with the chart: https://x.com/CryptoCapo_/status/1595459655530160132?s=20
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ADA

Testing the main support level for the 5th time.
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29k-31k is resistance zone until proven otherwise. Whales are distributing here, unloading tons of supply. Retail keeps buying into resistance.

First bearish confirmation below 28k. Second bearish confirmation below 25k.
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CryptoCapo TG
AAVE
AAVE update

Same same. Range compressing forming lower highs.
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BNB - Htf and ltf

I remember when I saw the LUNA and FTT charts prior to their collapses and thought ''man, this looks bad''. But now, every time I look at the BNB chart, I think that it could be even worse.
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CryptoCapo TG
29k-31k is resistance zone until proven otherwise. Whales are distributing here, unloading tons of supply. Retail keeps buying into resistance. First bearish confirmation below 28k. Second bearish confirmation below 25k.
Once again, TUSD and other stablecoins are being printed out of thin air in order to pump the market and make you think it's bullish, and to make buy into resistance. I hope you are not getting trapped here.

Rejection incoming soon imo.
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BTC

Bulls pushing hard but volume is decreasing. Still at macro resistance. Tons of USDT and TUSD being printed. Real demand? I don't think so.

We need to see a strong initial sell-off though.
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First of all, congratulations to all those who have been respectful and are profiting during this move. Recognition to those who have earned it.

Secondly, for those who followed some of my altcoin analyses (even though they are not financial advice) that went wrong, apologies for any inconvenience I may have caused. I'm out of my shorts that were in a loss (AAVE, SOL, CRO and TRX). Keeping the ones in profit (BNB, MATIC and WAVES) open until more information is available.

Thirdly, I always try my best in order to offer the best possible analysis, not asking anything in return. Sometimes we get it right, sometimes we don't. Once we make the analysis the result is out of our control. Best we can do is to learn and try better next time.

This breakout is not good for the main bearish scenario. I didn't expect the 31k resistance level to break that easily. After checking the market with a cool mind, price never broke 25k which was the main confirmation. Now we are in a situation where price has to get back below 30k in order to confirm a deviation above that resistance, which would mean this has been a fakeout caused by ETF euphoria + USDT and TUSD mints. However, until this happens, it's no man's land. It could actually go higher, but also it could deviate back below, restest the broken resistance as support...

So for now, taking a loss in some short positions and keeping the profitable ones. Then wait and see. The bearish scenario is not fully invalidated but it's less probable until price gets back below 30k. That would put the bearish scenario back in play.

Thank you for the support and stay safe.
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BTC

Keeping it simple.

Clean breakout of the 29k-31k resistance zone. After that breakout, it's being rejected from the next resistance level (35k). If it dumps from here, the next reaction is going to be key.

Two options:

-It retests the broken level as support and keeps going higher.

-It goes back below it, confirming a fakeout/deviation.

DXY keeps looking bullish and the SPX bearish. Most altcoins, despite having bounced, haven't broken any key resistances yet or changed the trend from bearish to bullish.

Not taking any new positions here. Just watching.
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I will update the BNB, MATIC and WAVES charts later.
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BNB

No changes here. Macro distribution range and testing the range low several times. Showing weakness. Bearish continuation below $220.

The chart against BTC (BNB/BTC) is leading and confirming the distribution. Huge liquidity gap below, setting the target very very low.

Fundamentals are the same. Binance is facing a lot of problems and it can get much worse.
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