CryptoCapo TG
BTC update 67k has been broken. However, the demand remains strong. Basically: -Reclaim of 67k = bullish -Acceptance below 67k = 65k, which is another strong support Based on indicators, I think the reclaim of 67k is a likely scenario, and this PA would…
BTC update
67k is being used as support again. The next bullish confirmation would be a clean reclaim of 69k. That would give alts some room to bounce.
67k is being used as support again. The next bullish confirmation would be a clean reclaim of 69k. That would give alts some room to bounce.
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Very ugly PA ngl. It has to bounce soon or I will start closing positions.
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Indicators remain strong and that's why I'm sitting on my hands, but it has to bounce soon.
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CryptoCapo TG
Very ugly PA ngl. It has to bounce soon or I will start closing positions.
65k is the last line of defense.
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Very strong 4H candle. Local bottom could be in.
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GM
The market took the ltf low again. BTC is holding above 65k, but alts are suffering much more. It is what it is.
Overall it looks like a local bottom formation. Sentiment and fundings too negative, bids getting filled and everything very oversold.
Still expecting a strong bounce.
The market took the ltf low again. BTC is holding above 65k, but alts are suffering much more. It is what it is.
Overall it looks like a local bottom formation. Sentiment and fundings too negative, bids getting filled and everything very oversold.
Still expecting a strong bounce.
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Important reminder
Surviving in the market is more important than making money. The crypto market is volatile, and even if the main idea might be right, there will be shakeouts along the way. Some tips:
-Understand that the crypto market is volatile. There will be fluctuations.
-Always have invalidation points and stick to them (this is difficult because of emotions).
-Define and control your risk according to your portfolio size. Never bet more than you are willing to lose.
-Have a long-term / high timeframe perspective. This will help you a lot.
Surviving in the market is more important than making money. The crypto market is volatile, and even if the main idea might be right, there will be shakeouts along the way. Some tips:
-Understand that the crypto market is volatile. There will be fluctuations.
-Always have invalidation points and stick to them (this is difficult because of emotions).
-Define and control your risk according to your portfolio size. Never bet more than you are willing to lose.
-Have a long-term / high timeframe perspective. This will help you a lot.
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What is your current exposure to the crypto market?
Final Results
9%
0%
10%
1-20%
9%
21-40%
13%
41-70%
17%
71-99%
43%
All-in
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Forwarded from CryptoCapo TG
BTC - Zoomed out
65k is support until proven otherwise. If it holds we should expect another move up.
Price acceptance below 65k = 58k-60k (previous liquidity zone)
65k is support until proven otherwise. If it holds we should expect another move up.
Price acceptance below 65k = 58k-60k (previous liquidity zone)
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CryptoCapo TG
BTC - Zoomed out 65k is support until proven otherwise. If it holds we should expect another move up. Price acceptance below 65k = 58k-60k (previous liquidity zone)
A reclaim of 65.5k would be very bullish. Waiting to see that first reaction.
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CryptoCapo TG
A reclaim of 65.5k would be very bullish. Waiting to see that first reaction.
Done ✅
Next step would be a reclaim of 67k.
Next step would be a reclaim of 67k.
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CryptoCapo TG
Done ✅ Next step would be a reclaim of 67k.
This is likely to happen soon, imo.
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