il Capo Of Crypto
@CryptoCapo_
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#Crypto analyst, Swing Trader and Long-term Investor since Feb 2017 | Not financial advice | I will never DM you first. Free TG: https://t.co/LNV7sE4rjF
Corleone
Joined April 2018
Some thoughts. I'll continue to ignore the noise after this.
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I have spent hundreds of hours analyzing the market to come to the conclusion that:. Capitulation is a matter of time. $BTC should reach 12ks, $ETH 600-700, altcoins should drop 40-50% and shitcoins 50%+. I won't post any more here until confirmation or invalidation. Good luck!.
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I've been checking charts all this time, avoiding noise from Twitter. The way the upward movement is happening, the way htf resistances are being tested. it clearly looks manipulated, no real demand. Once again, the biggest bull trap I've ever seen. But they won't trap me.
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Despite all the noise, I know that the vast majority of those who follow me are genuine and good people. And these deserve an update:. This time away from Twitter has been very good and necessary. I'm totally fine, enjoying my personal life. Thank you to everyone who has shown.
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Everything is ready for the final capitulation. The question is. are you ready?.
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Potential targets for a local bottom after capitulation event:. $BTC 13k-14k.$ETH 700-750.$ADA 0.18-0.23.$LTC 29-32.$DOT 3.4-3.6.$FTT 0.000001.
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For those wondering: I'm totally fine. Just disconnecting from all the Twitter negativity and focusing on charts/enjoying life. There's no point tweeting when there's no change. And yes, still short and strong. Interesting week ahead.
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Congratulations to the bulls that were respectful and were calling for 30k. My bearish scenario is NOT invalidated yet.
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The longer the bear market rally, the more aggressive the drop will be. Soon.
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I really appreciate all the good comments received lately.
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Expecting 40-50% drop on average for altcoins. Capitulation.
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This is the last bull trap of the year. Capitulation incoming soon imo.
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Bear markets can be very tough for those that don't adapt. The global economic situation is one of the worst in history. I would like to do a giveaway of 1000 USDT for 4 people that can be in a bad situation. Not asking for RTs or likes, I will select the winners manually.
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Things are about to get uglier. I'm still 100% out of the market.
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I have become the nightmare of the bulls, but soon I will be the nightmare of the bears.
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Indicators show that the capitulation event is already happening. Expecting last 15% drop on BTC and 30-40% on altcoins. Then the local bottom is in. Probably this week.
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If instead of trying to defame others, you dedicated your time to study more and focus on your life, you would not only be better analysts but also better people. Keep living in your toxic bubble. Market humbles everyone.
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When you have gone through a bear market and feel nothing.
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When after a 13% bounce that clearly looks like a bull trap, you see comments like: ''greedy'', ''you are going to miss the train'', ''keep waiting for 14k''. you know that yesterday's dump was the test dump.
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The more I look at the charts, the clearer I see the capitulation that is coming. Just a matter of time. Patience is key.
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This is one of the biggest bull traps of the year, but you won't see it until it's too late.
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Capitulation has just started imo. This week is going to be decisive. I'm 100% out of the market.
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Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
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Remember: . Trend is still bearish. Indicators are pointing to full capitulation event. Bad news should come soon. $BTC 12k. $ETH 600-650. #Altcoins 50-70% potential drop (shitcoins even more). Stay safe, things could get very ugly.
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Good morning with a friendly reminder:. Capitulation is very likely. Altcoins could drop 40-50% from here.
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Good morning. Market is bouncing more than expected, that is a certainty. Now. is the bearish scenario invalidated?. I'm going to explain why I think new lows are still likely.
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What I see:. -Technicals looking bad (price below June's low, indicators bearish, funding reset. ).-Same bull traps as always, but even weaker. People falling for them. -Comments like ''you are going to miss the train''. Really?. This is not over. Final capitulation is likely.
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I'm one of the few that didn't promote any coin or exchange during this year, and helped a lot of people not to lose money during the bear market. Yet you see hate comments or accusations. Conclusion: people will always talk no matter what. Just ignore and do your thing.
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For the last capitulation event, which should be this week, I expect:. 16-20% drop on $BTC, 36-40% on $ETH and 40-45% on altcoins.
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Lot of supply being moved to exchanges, especially altcoins. Tomorrow could be capitulation day.
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Based on what you read on Twitter, you may think that the market is recovering very well. But the charts show:. -BTC price below 21k.-Lower highs everywhere.-Hidden bearish divergences everywhere.-No bottom formation. I'm not buying yet.
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Bull trap. Altcoins moving to BTC to sell later. Bottom is not in yet.
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Make them believe that the bottom is in. Then nuke it again.
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Bottom is far from in, price wise. Time wise, I think it could happen in the next few days. This can only end one way: final capitulation event with tons of liquidations, massive FUD everywhere, most people bearish and calling for lower prices. .
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Every bounce is a bull trap. Don't fall into it. Second part of the capitulation incoming 🔨.
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I've been wrong not expecting such a bounce, but still not convinced. Bearish scenario still in play.
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Is the market bouncing higher than expected? Yes. Is the expected capitulation taking long? Yes. Is the bearish scenario invalidated? NO. If you have made profits during this bounce, congratulations, but buying here is a big mistake, in my opinion. Again, I'm not buying.
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What I see:. -Bearish retests everywhere. -Hidden bearish divergences on several timeframes. -Bounces showing clear bull trap characteristics. -Supply coming in (a lot).-People euphoric with price at 16ks. 12000-14000 is a matter of time. 40-50% drop on average for altcoins.
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Expecting 45-50% drop on altcoins from current prices.
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Enough longs trapped. Time to send it below 20k again.
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Altcoins look like they could dump 50-80% easily. Remember, there will always be a trigger (expect bad news soon) but charts always talk first. Stay safe.
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The $30k support was very similar to the $6k support in 2018. Once it broke, capitulation phase started, but if we compare both we can clearly see that it's not over yet. Funding rates also validate this.
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Now is when you start to realize that all your "idols"that convinced you that holding was the best option, they don't really care about you at all.
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Bulls get motivated and arrogant for a tiny bounce that clearly looks like a trap. This reinforces the idea that the previous dumps were tests, and the real dump is yet to come. Bottom is not in yet.
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I'm so bearish that salmon tastes better every day.
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Good morning. It seems incredible that 400k people are following me. Thank you!
1000 followers 🚀. What a bull run!.
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Short thread about how I deal with the mental game and time factor:. The biggest problem when trading/investing is lack of patience. This generates a lot of dissatisfaction. Today, society only seeks immediate pleasure, and long-term goals are becoming more difficult to achieve.
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"All good things come to those who wait.". Happy weekend and Easter to everyone!.
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I'm buying more altcoins here. Not financial advice.
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Some interesting levels:. $BTC 15.8k-16.2k. $ETH 650-750. $ADA 0.29-0.32. $SOL 18-20.
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The only reason why you buy or want to buy here is pure desperation. Deep down you know that everything points to new lows, but you just can't take it anymore. So insecure that you have the need to laugh at bearish posts, because you really are afraid. Irrational.
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During good times (bull market), everyone is friendly and nice. It is during bad times (bear market) that people show their true colors, how they really are.
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Don't you see that price is just ranging between 19k and 23k during a downtrend and with no signs of accumulation?. If you want to buy here, go ahead. Then don't regret it and cry if the market makes new lows, which is likely. I'm not buying.
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''Well that's all for today, hope I triggered all your stops''
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Plan for November:. -Pump to 21000-21500 for the last phase of the distribution. ETH to 1700s. -Altcoins having the last scam pumps as well. People calling for altseason. -Start of the reversal to new lows. -Mega nuke after midterm elections. BTC to 14k and ETH to 700-800. GL!.
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Most people are not prepared for what is coming and it shows.
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Today:. -CPI data at 1:30pm GMT.-SOL unlock in 90 minutes.-Bounce from the low looking corrective.-SPX being rejected from resistance and DXY bouncing from support. Last capitulation wave incoming.
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Most people are not prepared for what is coming and it shows.
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16600, 16800, 16600, 16800, 16600, 16800. And when you least expect it. 12k.
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Imagine when US wakes up and sees $BTC below 20k and $ETH below 1k. .
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Good morning!. $BTC to $12,000-14,000 is a matter of time. Altcoins much lower (40-50% drop on average)
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Good morning! . Still no reasons to buy yet. Waiting patiently.
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