I'm still working on the new part of the Twitter thread on why I think it's not a good time to be bullish and why we should expect a larger correction, adding more solid arguments to the previous one. It should be ready for next week.
I wish you all a good weekend!
I wish you all a good weekend!
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In moments like this, it's most important to keep a cool head and remind oneself that even though the market can be irrational at times, that doesn't mean you should stop being rational at all times.
As I mentioned before:
The market is going higher than expected, and that's a reality. But this is not going to go "up only" forever. I prefer to wait until I see strong reasons to be exposed to the market for the long-term, and not just because the price is going up. That would be FOMO. I'm not losing any money (because I haven't shorted alts for months and never shorted BTC, despite what people say), nor am I missing out on opportunities, because there are always opportunities. I'm just being cautious, waiting. Not following the masses and trying to be rational, even if it's hard.
The chart posted only shows how overextended Bitcoin is, but it's like that with the entire market.
As I mentioned before:
The market is going higher than expected, and that's a reality. But this is not going to go "up only" forever. I prefer to wait until I see strong reasons to be exposed to the market for the long-term, and not just because the price is going up. That would be FOMO. I'm not losing any money (because I haven't shorted alts for months and never shorted BTC, despite what people say), nor am I missing out on opportunities, because there are always opportunities. I'm just being cautious, waiting. Not following the masses and trying to be rational, even if it's hard.
The chart posted only shows how overextended Bitcoin is, but it's like that with the entire market.
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CryptoCapo TG
MATIC It rejected from the $1 resistance level, but now it found a decent support at $0.75. It could go to the next resistance which is $1.25
MATIC
$1.25 resistance reached.
Same as DOT, AVAX..., MATIC has also reached a very important resistance.
$1.25 resistance reached.
Same as DOT, AVAX..., MATIC has also reached a very important resistance.
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CryptoCapo TG
I'm still working on the new part of the Twitter thread on why I think it's not a good time to be bullish and why we should expect a larger correction, adding more solid arguments to the previous one. It should be ready for next week. I wish you all a good…
Thread almost finished.
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CryptoCapo TG
DOT Main resistance reached.
DOT
Resistance was broken, so probably going higher to the $14-15 area.
Resistance was broken, so probably going higher to the $14-15 area.
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BTC
Currently at support. Two options:
Option 1 - Bounce from here to the liquidity zone at $74-75k, then reversal.
Option 2 - Clean break below the current support level ($68k-69k) and consolidation below.
That $68k-69k level is key. Once broken, the MS is broken. But so far it's acting as support.
Currently at support. Two options:
Option 1 - Bounce from here to the liquidity zone at $74-75k, then reversal.
Option 2 - Clean break below the current support level ($68k-69k) and consolidation below.
That $68k-69k level is key. Once broken, the MS is broken. But so far it's acting as support.
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ZCX
As long as BTC stays above the support level ($68k-69k), some low caps could still move up.
This one has an interesting setup and the BTC pair looks good too, so it could move even with BTC sideways or going down.
It's consolidating below the range high ($0.25) and looks ready to breakout.
As long as BTC stays above the support level ($68k-69k), some low caps could still move up.
This one has an interesting setup and the BTC pair looks good too, so it could move even with BTC sideways or going down.
It's consolidating below the range high ($0.25) and looks ready to breakout.
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BTC - Current ltf situation
Whales are unloading supply above the 2021 ATH. However, there's now strong demand below and they left an important liquidity zone untapped, at $74k-75k. Therefore, I wouldn't rule out a last push towards this level before a full reversal.
A clean break below $61k would confirm the end of the macro bullish trend, which should happen eventually.
Whales are unloading supply above the 2021 ATH. However, there's now strong demand below and they left an important liquidity zone untapped, at $74k-75k. Therefore, I wouldn't rule out a last push towards this level before a full reversal.
A clean break below $61k would confirm the end of the macro bullish trend, which should happen eventually.
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CryptoCapo TG
ZCX As long as BTC stays above the support level ($68k-69k), some low caps could still move up. This one has an interesting setup and the BTC pair looks good too, so it could move even with BTC sideways or going down. It's consolidating below the range…
ZCX/BTC
To add confluence to the pair against USDT.
To add confluence to the pair against USDT.
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