CryptoCapo TG
I don't rule out a last quick move up to $38,500 before the trend changes. Overall this looks like a local top formation and a break below $35k would confirm the break of the bullish trend.
This is still possible. ETH to 2150-2300. Then trend reversal.
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CryptoCapo TG
This is still possible. ETH to 2150-2300. Then trend reversal.
$38,500 reached.
What I expect now:
-Slow bleed for BTC
-ETH going a bit higher to $2200-2300
-Some altcoins having the last pumps
Then big dump to $30k-31k with altcoins dumping about 30-40%. That would be the beginning of the capitulation event.
What I expect now:
-Slow bleed for BTC
-ETH going a bit higher to $2200-2300
-Some altcoins having the last pumps
Then big dump to $30k-31k with altcoins dumping about 30-40%. That would be the beginning of the capitulation event.
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CryptoCapo TG
I will post some updates today.
Summary: prices going even higher than expected but everything is very overextended and the sentiment is extremely bullish. A big correction is due, maybe a blow off top.
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MATIC update
Second test to the mid range. BTC pair against resistance and forming another lower high.
Keeping the short from $0.90, currently at breakeven.
Second test to the mid range. BTC pair against resistance and forming another lower high.
Keeping the short from $0.90, currently at breakeven.
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BNB update
Htf: no bearish confirmation yet. Overall structure still looks like distribution.
Ltf: testing a broken support as resistance and deviating above a previous high.
Stop in profit just in case. I will add more to the short if the bearish confirmation is given.
Htf: no bearish confirmation yet. Overall structure still looks like distribution.
Ltf: testing a broken support as resistance and deviating above a previous high.
Stop in profit just in case. I will add more to the short if the bearish confirmation is given.
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CryptoCapo TG
Photo
BNB update
Not really liking the ltf PA here, so I'm taking partial profits here at $250 (75% of the short position I had from $301). Keeping the rest open by the moment.
I will fully close the position to reevaluate later if it consolidates above the red zone, and add more higher or if it gives bearish confirmations.
Not really liking the ltf PA here, so I'm taking partial profits here at $250 (75% of the short position I had from $301). Keeping the rest open by the moment.
I will fully close the position to reevaluate later if it consolidates above the red zone, and add more higher or if it gives bearish confirmations.
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So the main ltf idea is:
Pump from here to form a lower high (around 43k-44k for BTC, and 2300-2400 for ETH). Some altcoins could make new highs.
Then the second wave of the bear market should begin.
Pump from here to form a lower high (around 43k-44k for BTC, and 2300-2400 for ETH). Some altcoins could make new highs.
Then the second wave of the bear market should begin.
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CryptoCapo TG
BNB update Not really liking the ltf PA here, so I'm taking partial profits here at $250 (75% of the short position I had from $301). Keeping the rest open by the moment. I will fully close the position to reevaluate later if it consolidates above the red…
BNB
Taking profits again at $250 from the other 25% of the position.
The main idea remains the same. Imo this is a massive distribution range that will break to the downside eventually, but things on ltf are looking bullish so I prefer to take profit and wait for another bearish confirmation, whether from higher or lower.
I think they are going to push it to the mid range (around $300-330) which would leave the old short position in BE or in a loss. If those levels are reached and I see weakness, I will reopen the short again. Also if it consolidates below the range low.
Taking profits again at $250 from the other 25% of the position.
The main idea remains the same. Imo this is a massive distribution range that will break to the downside eventually, but things on ltf are looking bullish so I prefer to take profit and wait for another bearish confirmation, whether from higher or lower.
I think they are going to push it to the mid range (around $300-330) which would leave the old short position in BE or in a loss. If those levels are reached and I see weakness, I will reopen the short again. Also if it consolidates below the range low.
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CryptoCapo TG
BTC
BTC
43k-44k reached. Expecting the formation of a lower high here while some altcoins keep pumping a bit more (not all).
Then trend reversal.
43k-44k reached. Expecting the formation of a lower high here while some altcoins keep pumping a bit more (not all).
Then trend reversal.
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I think we are very close to a local top in the entire market. BTC is facing big resistance here at 43k-45k. ETH resistance is 2350-2500. Now money is still flowing to altcoins and shitcoins, marking the end of the mini bull market (bear market rally imo) we had in 2023.
I didn't catch those opportunities this year, but bigger opportunities will come, especially if the main scenario plays out.
I didn't catch those opportunities this year, but bigger opportunities will come, especially if the main scenario plays out.
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