CryptoCapo TG
Hidden bearish divergences on several timeframes, SPX going for a new local low, DXY bouncing... I think we see another sell-off below $60k.
Same thing.
Eyes on $57k-$59k.
Eyes on $57k-$59k.
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GM
4th Bitcoin Halving is complete. What to expect now?
Miners now receive half the reward, so they often sell part of their reserves to cover expenses. Yesterday, the price bounced from the liquidity zone, reaching $65k. Then it started reversing. This bounce looks like a dead cat bounce (DCB) caused by a short squeeze, rather than the beginning of a reversal.
There's still a lot of liquidity between $57k-59k, so it's likely that we see another sell-off to this zone. Depending on the market's reaction there, we could witness the formation of a local bottom.
I wish you all a nice weekend!
4th Bitcoin Halving is complete. What to expect now?
Miners now receive half the reward, so they often sell part of their reserves to cover expenses. Yesterday, the price bounced from the liquidity zone, reaching $65k. Then it started reversing. This bounce looks like a dead cat bounce (DCB) caused by a short squeeze, rather than the beginning of a reversal.
There's still a lot of liquidity between $57k-59k, so it's likely that we see another sell-off to this zone. Depending on the market's reaction there, we could witness the formation of a local bottom.
I wish you all a nice weekend!
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CryptoCapo TG
SL moved to breakeven again.
CRO update
SL hit at breakeven. Shorting it once again with the same setup.
SL hit at breakeven. Shorting it once again with the same setup.
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CryptoCapo TG
HBAR
HBAR update
It went lower before but just reached the main resistance.
It went lower before but just reached the main resistance.
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Current situation:
The market has been recovering since BTC took part of the liquidity below $60k. Some altcoins made a new low but others didn't. This was expected (see the idea of the replied post and other updates)
However, BTC left liquidity at $57k-$59k and the bounce is overextended now. We could expect another retracement, but this move down could not reach new lows, just form a higher low.
Whether BTC and the rest of the market makes a new local low or a higher low, after this possible next pullback, it might be a good time to add exposure to the market, especially to low caps. If that happens I will be buying some and will share the setups.
The market has been recovering since BTC took part of the liquidity below $60k. Some altcoins made a new low but others didn't. This was expected (see the idea of the replied post and other updates)
However, BTC left liquidity at $57k-$59k and the bounce is overextended now. We could expect another retracement, but this move down could not reach new lows, just form a higher low.
Whether BTC and the rest of the market makes a new local low or a higher low, after this possible next pullback, it might be a good time to add exposure to the market, especially to low caps. If that happens I will be buying some and will share the setups.
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CryptoCapo TG
SOL It broke the main resistance ($130-140) and continued higher, so now it's probably going to test it as support. If that zone holds, it could continue moving up towards the ATH.
SOL
Using SOL as an example. It tested the $130-140 support level perfectly and bounced from there. Now what I expect is a retest, forming a higher low. During that move, some altcoins could make a new low. BTC could test the $57k-$59k level with a wick or also form a higher low.
Using SOL as an example. It tested the $130-140 support level perfectly and bounced from there. Now what I expect is a retest, forming a higher low. During that move, some altcoins could make a new low. BTC could test the $57k-$59k level with a wick or also form a higher low.
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CryptoCapo TG
GM Expecting bearish continuation soon.
Bearish continuation playing out.
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GM
The market is moving accordingly to the analysis. BTC is dumping slowly towards the $57k-$59k target and ETH towards $2700-$2800. If we see bullish signs at those levels, I will flip short-term bullish and add some exposure to altcoins, especially low caps (will share some of them). It will all depend on the reaction there. I say short-term because despite of the possibility of a good bounce from those levels, my main bias remains bearish for the next months.
For now, I keep CRO and BNB shorts open and just waiting for this correction to be over before making any other move.
Have a blessed weekend!
The market is moving accordingly to the analysis. BTC is dumping slowly towards the $57k-$59k target and ETH towards $2700-$2800. If we see bullish signs at those levels, I will flip short-term bullish and add some exposure to altcoins, especially low caps (will share some of them). It will all depend on the reaction there. I say short-term because despite of the possibility of a good bounce from those levels, my main bias remains bearish for the next months.
For now, I keep CRO and BNB shorts open and just waiting for this correction to be over before making any other move.
Have a blessed weekend!
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CryptoCapo TG
GM The market is moving accordingly to the analysis. BTC is dumping slowly towards the $57k-$59k target and ETH towards $2700-$2800. If we see bullish signs at those levels, I will flip short-term bullish and add some exposure to altcoins, especially low…
Same thing.
No updates = no changes
No updates = no changes
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CryptoCapo TG
HBAR update It went lower before but just reached the main resistance.
HBAR
The main resistance acted as it should, and now the price is 40% down from there.
The main resistance acted as it should, and now the price is 40% down from there.
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Overview for this week
Today:
-Hong Kong spot Bitcoin and Ethereum ETF trading officially live (sell the news so far)
-Eurozone CPI
-CZ's sentence
Tomorrow:
-Fed Interest Rate Decision
-FOMC
BTC still trading within the $73k-$60k range. Liquidity resting below/above it. In my opinion, the next movement should be to the range low again, reaching $57k-$59k (and ETH $2700-$2800). The reaction there is going to be key.
Today:
-Hong Kong spot Bitcoin and Ethereum ETF trading officially live (sell the news so far)
-Eurozone CPI
-CZ's sentence
Tomorrow:
-Fed Interest Rate Decision
-FOMC
BTC still trading within the $73k-$60k range. Liquidity resting below/above it. In my opinion, the next movement should be to the range low again, reaching $57k-$59k (and ETH $2700-$2800). The reaction there is going to be key.
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