https://x.com/CryptoCapo_/status/1921470705658470712
GM
Sticking to my plan. I've been increasing my hedge position to reach the point where I'm fully hedged now.
Have a great Sunday!
GM
Sticking to my plan. I've been increasing my hedge position to reach the point where I'm fully hedged now.
Have a great Sunday!
X (formerly Twitter)
il Capo Of Crypto (@CryptoCapo_) on X
I'm fully hedged now.
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Lots of reasons to believe this was just a strong dead cat bounce, as expected since March.
We caught the move. Now, taking profits and hedging the rest seems like the best decision, in my opinion.
We still need confirmations (for $BTC it would be below $93k), but if the idea plays out, this move should be fully retraced.
Many ask what could trigger such a strong capitulation event. There are several possible scenarios, but the outcome would likely be the same.
Remember: first the chart, then the news.
I’ll share more details this week.
We caught the move. Now, taking profits and hedging the rest seems like the best decision, in my opinion.
We still need confirmations (for $BTC it would be below $93k), but if the idea plays out, this move should be fully retraced.
Many ask what could trigger such a strong capitulation event. There are several possible scenarios, but the outcome would likely be the same.
Remember: first the chart, then the news.
I’ll share more details this week.
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CryptoCapo TG
$SOL update $170-200 should be next.
$SOL update
$170-200 target was reached.
Now bearish.
$170-200 target was reached.
Now bearish.
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This really looks like a local top.
I’m already fully hedged (50% profits taken + $BTC, $ETH and $SOL shorts), but I’ll likely add more altcoin shorts if we get further bearish confirmations.
The goal is to be net short over the coming days.
Let’s see how this plays out.
I’m already fully hedged (50% profits taken + $BTC, $ETH and $SOL shorts), but I’ll likely add more altcoin shorts if we get further bearish confirmations.
The goal is to be net short over the coming days.
Let’s see how this plays out.
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$BTC new ATH doesn’t change the main plan.
This last move looks like a bull trap.
This last move looks like a bull trap.
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Most people are not ready for what's coming, and it shows.
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Just increased the short positions, adding a few alts. Net short now.
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CryptoCapo TG
$SOL update $170-200 target was reached. Now bearish.
$SOL update
Rejection from the $170–200 zone, as expected.
The main support zone has been tested multiple times, so it’s likely to be broken, and price should reach lower if we see a capitulation event (probably $60–80).
Rejection from the $170–200 zone, as expected.
The main support zone has been tested multiple times, so it’s likely to be broken, and price should reach lower if we see a capitulation event (probably $60–80).
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Now it’s time to rest and disconnect, while letting the market do its thing.
Wishing you all a blessed Sunday!
Wishing you all a blessed Sunday!
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CryptoCapo TG
Lots of reasons to believe this was just a strong dead cat bounce, as expected since March. We caught the move. Now, taking profits and hedging the rest seems like the best decision, in my opinion. We still need confirmations (for $BTC it would be below…
$BTC update
High-timeframe: deviation above 2024's ATH, similar setup as in November 2021.
Low-timeframe: clean bearish retest.
Expecting bearish acceleration soon.
High-timeframe: deviation above 2024's ATH, similar setup as in November 2021.
Low-timeframe: clean bearish retest.
Expecting bearish acceleration soon.
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The market is giving enough time to close longs, take profits, or hedge.
Once volatility kicks in, there won’t be time to react.
Be ready.
Once volatility kicks in, there won’t be time to react.
Be ready.
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We haven’t seen anything yet...
If altcoins are already down significantly from the local top while $BTC is still above $100k, imagine what happens if it drops to $93k (first support) and later to the main support at $60k–70k.
If altcoins are already down significantly from the local top while $BTC is still above $100k, imagine what happens if it drops to $93k (first support) and later to the main support at $60k–70k.
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In my opinion, this is far from over.
Yesterday was just the test dump, and this looks like a dead cat bounce.
Lower.
Yesterday was just the test dump, and this looks like a dead cat bounce.
Lower.
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If it looks like a bull trap, and feels like a bull trap, then...
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