CryptoCapo TG
Short-term shakeout seems over. Expecting bullish continuation soon.
It's going lower, but the idea is the same.
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CryptoCapo TG
BTC
BTC
Perfect bounce from the liquidity zone. Now it has rejected from the $65k resistance.
In my opinion it should break this resistance eventually. If it does, I'd be looking for $68k-$69k as the first target, and $74k-$75k as the second target. Bullish invalidation would be bearish PA at the previous range low.
Perfect bounce from the liquidity zone. Now it has rejected from the $65k resistance.
In my opinion it should break this resistance eventually. If it does, I'd be looking for $68k-$69k as the first target, and $74k-$75k as the second target. Bullish invalidation would be bearish PA at the previous range low.
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CryptoCapo TG
ETH Nice bounce form the support zone. Ltf is looking good for bullish continuation, and a flip of the $3,300 level would be another bullish confirmation for higher prices, potentially a new ATH. As posted the other day, the ETH/BTC pair is also looking…
ETH - Zoomed in
Right now in no man's land but the high probability scenario is to the upside.
I wouldn't rule out another swept of the low, testing $2,700-$2,800 again. Bullish confirmation is a clean break above $3,300, which is likely imo.
Right now in no man's land but the high probability scenario is to the upside.
I wouldn't rule out another swept of the low, testing $2,700-$2,800 again. Bullish confirmation is a clean break above $3,300, which is likely imo.
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CryptoCapo TG
BTC Perfect bounce from the liquidity zone. Now it has rejected from the $65k resistance. In my opinion it should break this resistance eventually. If it does, I'd be looking for $68k-$69k as the first target, and $74k-$75k as the second target. Bullish…
BTC - Clean view
It looks like a standard retracement into support zone, before pushing higher. There's strong demand and indicators look bullish here.
Things would get ugly if it consolidates below the previous liquidity zone, but this is unlikely imo.
It looks like a standard retracement into support zone, before pushing higher. There's strong demand and indicators look bullish here.
Things would get ugly if it consolidates below the previous liquidity zone, but this is unlikely imo.
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The fact that I'm short-term bullish doesn't change the main idea I've been defending for months. Despite this, you can still make money on both sides because I'm a trader after all. But let's be honest, when the time comes, I'll turn fully bearish again.
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Strong demand here for both BTC and ETH. This dump looks like a shakeout because of several reasons, so I'm expecting another strong bounce soon.
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I longed ETH here. Still holding the SOL long from $133s as well.
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Very boring PA, so disconnect from the charts and enjoy the weekend!
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CryptoCapo TG
SOL It reached an important support level (S/R flip), and it looks like a potential double bottom formation, same as many other altcoins. I entered a long here.
SOL - Zoomed in
Bullish PA above major htf support.
Bullish PA above major htf support.
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Quick Weekly Overview
Today:
-PPI data
-Fed Chair Powell speaks
Tomorrow:
-CPI data
Thursday:
-Initial Jobless Claims
Analysis
There are some important events this week which should bring volatility to the market. Yesterday we saw some big moves in the stock market, with GME and AMC pumping 74% and 78% respectively (24h change%).
However, the crypto market remains sideways. This consolidation phase is normal after the strong correction we saw a few weeks ago. The question here is whether this is a consolidation before a bearish continuation, or a reaccumulation phase after a shakeout.
Based on the charts and indicators, we can see that many cryptos are at hight time frame (HTF) support, including the TOTAL crypto index (https://www.tradingview.com/x/3um0oMIn/), and the Altcoins index (https://www.tradingview.com/x/whik8bYy/).
Conclusion
As long as these supports hold and there's bullish price action/indicators above them, I expect bullish continuation.
I'm about 30-40% exposed to the market right now, with the majority in spot altcoins, along with the ETH and SOL longs. If the situation changes, I will adapt and start closing positions.
Today:
-PPI data
-Fed Chair Powell speaks
Tomorrow:
-CPI data
Thursday:
-Initial Jobless Claims
Analysis
There are some important events this week which should bring volatility to the market. Yesterday we saw some big moves in the stock market, with GME and AMC pumping 74% and 78% respectively (24h change%).
However, the crypto market remains sideways. This consolidation phase is normal after the strong correction we saw a few weeks ago. The question here is whether this is a consolidation before a bearish continuation, or a reaccumulation phase after a shakeout.
Based on the charts and indicators, we can see that many cryptos are at hight time frame (HTF) support, including the TOTAL crypto index (https://www.tradingview.com/x/3um0oMIn/), and the Altcoins index (https://www.tradingview.com/x/whik8bYy/).
Conclusion
As long as these supports hold and there's bullish price action/indicators above them, I expect bullish continuation.
I'm about 30-40% exposed to the market right now, with the majority in spot altcoins, along with the ETH and SOL longs. If the situation changes, I will adapt and start closing positions.
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CryptoCapo TG
BTC - Clean view It looks like a standard retracement into support zone, before pushing higher. There's strong demand and indicators look bullish here. Things would get ugly if it consolidates below the previous liquidity zone, but this is unlikely imo.
BTC
Clean break of 65k is the bullish confirmation. Likely imo. The only question is when.
Clean break of 65k is the bullish confirmation. Likely imo. The only question is when.
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CryptoCapo TG
BTC Clean break of 65k is the bullish confirmation. Likely imo. The only question is when.
It seems that today ✅
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CryptoCapo TG
BTC Clean break of 65k is the bullish confirmation. Likely imo. The only question is when.
BTC
Clean S/R flip. We should see a bounce from here.
Clean S/R flip. We should see a bounce from here.
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