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!
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.
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…
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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...
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.
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.
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.
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.
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.
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.
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.
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.
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.
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!
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.
Seeing some bottoms calls here. Honestly, this is one of the clearest fake pumps that we have seen until now.
In my opinion, the 20k level won't hold for long. We haven't seen proper capitulation yet, and there are no bullish signs.
I remain out of the market.