CryptoCapo TG
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…
ZCX update
Since the last update, it followed the drawn path, falling to support and bouncing from there. But now it hit the same resistance level which seems strong.
We can expect another move to support, especially because the entire market looks weak.
Since the last update, it followed the drawn path, falling to support and bouncing from there. But now it hit the same resistance level which seems strong.
We can expect another move to support, especially because the entire market looks weak.
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CryptoCapo TG
DXY Bouncing from the major support posted on the previous analysis. It has inverse correlation with BTC, but they usually diverge first (it's happening now, both are going up). This is another reason why I expect BTC to reverse its bullish trend soon,…
DXY looking very strong.
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CryptoCapo TG
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…
OTHERS update
Same idea but it's taking longer. The next support zone is 15-25% away, so altcoins could drop this on average.
Same idea but it's taking longer. The next support zone is 15-25% away, so altcoins could drop this on average.
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Memecoins overview
Memecoins had a solid bullish run these past few weeks, meaning money was flowing from majors to low caps.
Now they are hitting important htf resistances, and the PA is looking weak. We should expect a correction here, same as with the rest of the market, but memecoins would dump more.
Memecoins had a solid bullish run these past few weeks, meaning money was flowing from majors to low caps.
Now they are hitting important htf resistances, and the PA is looking weak. We should expect a correction here, same as with the rest of the market, but memecoins would dump more.
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CryptoCapo TG
Just watching.
To add more context, BTC is still in no man's land. We could see a short-term bounce because there were a lot of liquidations on alts, but before making a move I would wait to see how it reacts at the extremes of the range.
Eyes still on liquidity below $60k.
Eyes still on liquidity below $60k.
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Movements like this cause a lot of people to lose a lot of money, and I'm not happy about that. That's why I work hard to try to avoid these types of drops and I hope that it can help many people.
Making money is important and there are always opportunities for it, but preserving capital is even more important, because without capital to invest, you cannot make money.
As I said before, at the moment I just wait and watch without making any movement. There may soon be opportunities to buy some alts at good discounts, but not yet.
I wish you all a good weekend.
Making money is important and there are always opportunities for it, but preserving capital is even more important, because without capital to invest, you cannot make money.
As I said before, at the moment I just wait and watch without making any movement. There may soon be opportunities to buy some alts at good discounts, but not yet.
I wish you all a good weekend.
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CryptoCapo TG
To add more context, BTC is still in no man's land. We could see a short-term bounce because there were a lot of liquidations on alts, but before making a move I would wait to see how it reacts at the extremes of the range. Eyes still on liquidity below $60k.
GM
The bounce seems over. Expecting bearish continuation soon, probably for the last leg of this correction.
The bounce seems over. Expecting bearish continuation soon, probably for the last leg of this correction.
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CryptoCapo TG
Photo
ZCX update
Support hit and bouncing from it. Even if BTC goes to sub $60k, this one could have hit a local bottom, because the BTC pair (ZCX/BTC) is at support too.
Support hit and bouncing from it. Even if BTC goes to sub $60k, this one could have hit a local bottom, because the BTC pair (ZCX/BTC) is at support too.
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CryptoCapo TG
OTHERS update Same idea but it's taking longer. The next support zone is 15-25% away, so altcoins could drop this on average.
OTHERS (Altcoin index) update
Perfect move into support.
Now we can expect a bottom pattern to be formed here. We could see another dump into this support zone, while BTC takes the liquidity below $60k.
Some altcoins might have reached a local bottom already and now they would just ''fill the wick'', but others would make a new ltf low.
Perfect move into support.
Now we can expect a bottom pattern to be formed here. We could see another dump into this support zone, while BTC takes the liquidity below $60k.
Some altcoins might have reached a local bottom already and now they would just ''fill the wick'', but others would make a new ltf low.
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CryptoCapo TG
GM The bounce seems over. Expecting bearish continuation soon, probably for the last leg of this correction.
Bearish continuation taking place.
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GM
BTC is at resistance and the liquidity below $60k remains untouched.
However, even if BTC goes for that liquidity, many altcoins could just ''fill the wick'' and would not make a new low. I think the local bottom for some alts is in, but for others, it's not yet.
Therefore, I'm still waiting, but I plan to start buying some alts at a discount soon.
BTC is at resistance and the liquidity below $60k remains untouched.
However, even if BTC goes for that liquidity, many altcoins could just ''fill the wick'' and would not make a new low. I think the local bottom for some alts is in, but for others, it's not yet.
Therefore, I'm still waiting, but I plan to start buying some alts at a discount soon.
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CryptoCapo TG
GM BTC is at resistance and the liquidity below $60k remains untouched. However, even if BTC goes for that liquidity, many altcoins could just ''fill the wick'' and would not make a new low. I think the local bottom for some alts is in, but for others,…
Visual representation of the idea, low timeframe.
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