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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CryptoCapo TG
Expecting bullish continuation soon.
Bullish continuation ✅
Eyes on $69k-$70k.
Eyes on $69k-$70k.
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Good morning,
The analysis is playing out as expected. The market is moving up, and money is starting to rotate to altcoins, especially to SOL. I'm keeping the long open until the main target or invalidation, trailing the stop in profits.
I expect this to be the dominant trend in the coming days, probably with several quick corrections along the way.
I wish you all a nice weekend!
The analysis is playing out as expected. The market is moving up, and money is starting to rotate to altcoins, especially to SOL. I'm keeping the long open until the main target or invalidation, trailing the stop in profits.
I expect this to be the dominant trend in the coming days, probably with several quick corrections along the way.
I wish you all a nice weekend!
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I think this was the low for the current short-term correction.
Remember, dips are for buying until proven otherwise.
Remember, dips are for buying until proven otherwise.
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