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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I've added some exposure to low caps again (ZCX, AXS, SUSHI) due to several reasons:
-Individual charts against USD are looking bullish.
-The respective BTC pairs are looking bullish.
-OTHERS.D (Altcoin dominance) is looking bullish.
-BTC has formed some hidden bullish divergences and the fundings have been reset with this last dip. If it reclaims the $68k-69k pivot level, we could see a last push to the $74k-75k liquidity zone, which would form the htf bearish divergences.
Usually, when we are about to witness an important local top, money flows into low caps. It often marks the end of a cycle.
I'm about 20% exposed to the market now, the remaining 80% is still in USD.
I've also already finished the thread that adds more solid reasons supporting the likelihood of a major pullback in the coming weeks/months. However, I'm going to wait a bit before posting it, at least until we see some clear bearish confirmations.
Wishing you all a nice rest of the weekend!
-Individual charts against USD are looking bullish.
-The respective BTC pairs are looking bullish.
-OTHERS.D (Altcoin dominance) is looking bullish.
-BTC has formed some hidden bullish divergences and the fundings have been reset with this last dip. If it reclaims the $68k-69k pivot level, we could see a last push to the $74k-75k liquidity zone, which would form the htf bearish divergences.
Usually, when we are about to witness an important local top, money flows into low caps. It often marks the end of a cycle.
I'm about 20% exposed to the market now, the remaining 80% is still in USD.
I've also already finished the thread that adds more solid reasons supporting the likelihood of a major pullback in the coming weeks/months. However, I'm going to wait a bit before posting it, at least until we see some clear bearish confirmations.
Wishing you all a nice rest of the weekend!
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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 just broke the $0.25 resistance level.
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ZCX
First chart: previous post, showing the htf idea.
Second chart: update from the previous post, zoomed in so you can see how it broke the $0.25 resistance level and now it has tested it as support.
Looking good for bullish continuation.
First chart: previous post, showing the htf idea.
Second chart: update from the previous post, zoomed in so you can see how it broke the $0.25 resistance level and now it has tested it as support.
Looking good for bullish continuation.
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Good morning!
Today we have a very interesting day. Interest Rate Decision / FOMC conference could cause some volatility in the market.
Yesterday they also minted another 1B USDT, supporting the idea of a potential bounce. Interestingly, the market started correcting the moment they stopped minting new USDT... coincidence?
Bitcoin (BTC) is currently testing a major support ($60k-61k) and there's still a lot of demand below (normal at support), and liquidity above from early shorts. Altcoins are showing strength against BTC, especially low caps.
I believe we are likely to witness a strong bounce soon before any major trend reversal takes place.
Today we have a very interesting day. Interest Rate Decision / FOMC conference could cause some volatility in the market.
Yesterday they also minted another 1B USDT, supporting the idea of a potential bounce. Interestingly, the market started correcting the moment they stopped minting new USDT... coincidence?
Bitcoin (BTC) is currently testing a major support ($60k-61k) and there's still a lot of demand below (normal at support), and liquidity above from early shorts. Altcoins are showing strength against BTC, especially low caps.
I believe we are likely to witness a strong bounce soon before any major trend reversal takes place.
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I wouldn't rule out a quick dump below 60k to take the liquidity below, before going higher. It wouldn't change the plan.
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CryptoCapo TG
I wouldn't rule out a quick dump below 60k to take the liquidity below, before going higher. It wouldn't change the plan.
If BTC can't break $69k, this is still possible. It looks like a DCB led by perps instead of spot. Clean break above $69k and then we see those $74k-75k. However, it wouldn't surprise me to see a deviation below $60k first.
I haven't sold any of my alts bags (ZCX, SUSHI, AXS), but if we see that deviation below $60k, I will add some more.
I haven't sold any of my alts bags (ZCX, SUSHI, AXS), but if we see that deviation below $60k, I will add some more.
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