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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CryptoCapo TG
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…
Some of the reasons why I think we could still see a dip below $60k before bullish continuation:
-Whales showing interest there (strong demand waiting at those levels)
-We haven't seen a proper liquidation wick in any altcoins yet.
-Fundings going up again, meaning longs have entered again. This is confirmed by comparing the delta spot CVD vs. delta perps CVD, where you can see the last bounce is perps led instead of spot.
-Lower high + resistance S/R flip in many altcoins. Also hidden bearish divergences.
-Whales showing interest there (strong demand waiting at those levels)
-We haven't seen a proper liquidation wick in any altcoins yet.
-Fundings going up again, meaning longs have entered again. This is confirmed by comparing the delta spot CVD vs. delta perps CVD, where you can see the last bounce is perps led instead of spot.
-Lower high + resistance S/R flip in many altcoins. Also hidden bearish divergences.
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OTHERS (Altcoins market cap)
Correction taking place. Next support is about 15-20% away. This would match with BTC taking the liquidity below $60k, then altcoins should dump harder.
If that support can hold, we could see another leg up for altcoins, to the next resistance (red zone). It will all depend on the PA we see at the support level.
Correction taking place. Next support is about 15-20% away. This would match with BTC taking the liquidity below $60k, then altcoins should dump harder.
If that support can hold, we could see another leg up for altcoins, to the next resistance (red zone). It will all depend on the PA we see at the support level.
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CryptoCapo TG
BTC plan HD chart: https://www.tradingview.com/x/ymYOjRV1/
BTC
Lower highs and the liquidity is resting below $60k. Expecting a move below that level. It should be aggressive and cause panic, with some alts potentially dumping 15-30%.
It will be important to see the reaction there.
I wish you all a nice weekend!
Lower highs and the liquidity is resting below $60k. Expecting a move below that level. It should be aggressive and cause panic, with some alts potentially dumping 15-30%.
It will be important to see the reaction there.
I wish you all a nice weekend!
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CryptoCapo TG
BTC plan HD chart: https://www.tradingview.com/x/ymYOjRV1/
Good morning. Same plan.
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Looking at the current price action, I notice that the price is pumping with decreasing volume (especially spot volume is not matching the move), against supply and with fundings going up like crazy. It seems like futures going long here against resistance...
Not sure if it's going to go higher, but there's a strong possibility that this move could be fully retraced. Due to these and other factors, I'm adopting a cautious approach before increasing my positions in altcoins.
Not sure if it's going to go higher, but there's a strong possibility that this move could be fully retraced. Due to these and other factors, I'm adopting a cautious approach before increasing my positions in altcoins.
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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 update
ZCX moved very well since the first post at $0.18. It broke the range high ($0.25), tested it as support and reached $0.45 (2.5x since the first post)
Now, as I said in other posts, if BTC retraces to $60k or a bit lower altcoins should drop more. ZCX could do a second retest of the $0.25 level, maybe deviating below as well. It wouldn't change the htf idea.
ZCX moved very well since the first post at $0.18. It broke the range high ($0.25), tested it as support and reached $0.45 (2.5x since the first post)
Now, as I said in other posts, if BTC retraces to $60k or a bit lower altcoins should drop more. ZCX could do a second retest of the $0.25 level, maybe deviating below as well. It wouldn't change the htf idea.
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