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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Quick Weekly Overview
Today, May 20:
-Crypto Expo Dubai 2024
Wednesday, May 22:
-Bitcoin Pizza Day 2024
-NVIDIA Earnings Report
-UK CPI data
Thursday, May 23:
-ETH ETF Decision
Friday, May 24:
-Federal Reserve Meeting Minutes
Analysis
Another interesting week. This weekend the volatility was low, as usual. BTC CME close was $67,215 and the current price is $66,900.
After taking the liquidity from $57k-$59k, price bounced and reclaimed the $65k level. Now it's forming higher highs and higher lows (https://www.tradingview.com/x/fweUcgh8/). It should go higher as long as it stays above the $65k level, with the first target being the 2021 ATH ($69k-$70k) and the second target being the upper liquidity zone ($74k-$75k).
Regarding altcoins, if BTC remains bullish these days, money should keep flowing to lower capitalization coins. SOL has been performing very well, and it usually leads for the rest of the altcoin market. The ETH ETF decision is going to be important, but more than the result, the market reaction. Some results could be priced in. Another important event is the NVIDIA Earnings. In my opinion it's going to be a good result, and it could impact the crypto market in a good way, especially to the crypto AI sector.
Conclusion
Based on the analysis, prices are likely to keep going up during this week.
I will continue to analyze to adapt to any changes.
Today, May 20:
-Crypto Expo Dubai 2024
Wednesday, May 22:
-Bitcoin Pizza Day 2024
-NVIDIA Earnings Report
-UK CPI data
Thursday, May 23:
-ETH ETF Decision
Friday, May 24:
-Federal Reserve Meeting Minutes
Analysis
Another interesting week. This weekend the volatility was low, as usual. BTC CME close was $67,215 and the current price is $66,900.
After taking the liquidity from $57k-$59k, price bounced and reclaimed the $65k level. Now it's forming higher highs and higher lows (https://www.tradingview.com/x/fweUcgh8/). It should go higher as long as it stays above the $65k level, with the first target being the 2021 ATH ($69k-$70k) and the second target being the upper liquidity zone ($74k-$75k).
Regarding altcoins, if BTC remains bullish these days, money should keep flowing to lower capitalization coins. SOL has been performing very well, and it usually leads for the rest of the altcoin market. The ETH ETF decision is going to be important, but more than the result, the market reaction. Some results could be priced in. Another important event is the NVIDIA Earnings. In my opinion it's going to be a good result, and it could impact the crypto market in a good way, especially to the crypto AI sector.
Conclusion
Based on the analysis, prices are likely to keep going up during this week.
I will continue to analyze to adapt to any changes.
❤68👍39🔥20👏7💯6🤯4
CryptoCapo TG
I longed ETH here. Still holding the SOL long from $133s as well.
ETH update
Nice move, trying to break the $3,300 resistance.
Nice move, trying to break the $3,300 resistance.
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“Some people will highlight your mistakes and overlook your accomplishments. Don’t be discouraged. Keep focusing on what you do best and let your work speak for itself.”
Good night!
Good night!
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Would you like to see some emoji reactions added to the posts of this channel?
Final Results
66%
👍 Yes! I support the idea.
19%
👎 No, I prefer the current format.
15%
🤔 Indifferent, either option works for me...
👍437❤145🔥79👏24💯21👀13😱8🤯7
CryptoCapo TG
Would you like to see some emoji reactions added to the posts of this channel?
Would you like to see Twitter comments reinstated?
Many were using them to seek engagement by posting negativity. The comment section should support, share, and discuss ideas healthily. If negativity or engagement-seeking prevails, I’ll close them again.
Many were using them to seek engagement by posting negativity. The comment section should support, share, and discuss ideas healthily. If negativity or engagement-seeking prevails, I’ll close them again.
Final Results
41%
Yes, bring back Twitter comments.
43%
No, keep the current format.
17%
Indifferent, either option works.
❤356👍119🔥41💯27👀16👏13😱11🤯7
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 update
Previous analysis showed ltf bullish reaction at the major support, that's why I longed it. Now it has broken the $3,300 resistance with strength, giving a bullish confirmation.
It could retest the broken level as support. The key is going to be the ETF decision. Based on the analysis, I think the chances for an approval are high. If that happens, the main target should be the ATH, without ruling out quick corrections along the way.
Previous analysis showed ltf bullish reaction at the major support, that's why I longed it. Now it has broken the $3,300 resistance with strength, giving a bullish confirmation.
It could retest the broken level as support. The key is going to be the ETF decision. Based on the analysis, I think the chances for an approval are high. If that happens, the main target should be the ATH, without ruling out quick corrections along the way.
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Very standard correction to form another higher low. We should see bullish continuation soon.
❤654🔥260👍241💯74👀41👏35😱20🤯18
CryptoCapo TG
Very standard correction to form another higher low. We should see bullish continuation soon.
Good night!
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