we hit the 100D MA on BTC . Last time we hit it was in FEB at 39k

Bottom probably in for now

This is bad. Next support is 52k.

I won‘t touch anything anymore until we get above 58k again

Different view, valid. But this also means that we are sitting at a super critical point

I mean, even capo is searching for a bottom

Volume isn‘t even properly spiking, yet

Alts hit big support here.
Some alts outperformed BTC the past 24h. This is why I am so bullish on alts generally here.

They all corrected already, bitcoin didn‘t. Not saying we can go lower. I just highly doubt we go much lower. Most alts didn‘t make new lows as well.

If we break lower, expext another -50% tho.

I‘ll stay all in. Don‘t follow my trades here tho, I might be very wrong. We are sitting at last support before we get into max pain region.

SPX

Btc red, alts green.

It is simple, you don‘t get rich buy selling the -50% dump.

Not saying you should always hold till death. But you should sell when everything is green for days and weeks. Not when it dumps.

And you should buy when shit hits the fan, not when everyone is hyped af.

Well you can wait with buying for bullish reversal confirmations always ofc to be sure. Not needed to catch falling knives.

Looks decent rn for BTC

https://x.com/cryptocred/status/1785962363222384845

Good take.

In my opinion the bullish signal on the LTF is 60k break and succesfull retest from above.

As long as we are below 60k, it is looking pretty bad chart wise and we can for sure see dumps to 52k region next.

Adding to that: the 100D MA is significant and acts as resistance.

We need to make sure to not consolidate too long here. The longer we are below, the more likely a further downtrend is.


In the past a breakdown of a major MA indicator wasn‘t the end as long as we made it back up fairly soon after. This is what I am watching right now.

Capo stopped being a perma bear and his new TAs are actually not bad. I approve this TA right here.

He is lacking the 100D MA tho. As you can see, it acts beautifully as a resistance (unfortunately). A proper break and we retest 64.8k again.

On a general note, if you want to explore TA a bit more yourself than just my updates:
Get a Tradingview account (free is fine for beginners) and add the 25, 50, 100, 200 moving average (the lines will show you the average value of the previous 25, 50 etc. candles and are watched by the majority or people)

Then watch these levels on the daily and weekly time frames. The higher, the more relevant the indicator is.

Testing from above: support, from below: resistance. Very simple and makes you 50% more succesful on TA already.