Many speculators waiting for "capitulation" are unaware the market has already seen multiple capitulations in the last few months.
Look at the charts for Jan/24 and Feb/24. That's how capitulation looks like.
$ETH is down -50% from the top but up 2500% from 2 years ago
People are rekt and some are sitting on massive profits still, very peculiar time in the market, feels like most are being complacent.
$BTC
Chart-wise $38k-$40k seems like a pretty nice area to catch a bottom.
That said given the current geopolitical situation I could see the setup ruined.
Pretty tough spot honestly, wait and let a real good setup pass by or jump in to be at the mercy of politics.
#BTC LTF Update🎯
Bitcoin still trying to S/R flip channel top
after breakout of parabolic trend and retest $45,5k
While price action is clear, your Guru still comes up with random shit about "bulls try this bears this" & tweet "WOW BTC" once it's moving in the other direction
Great move of #Bitcoin, but stocks are dropping down & we didn’t crack that range between $40.5-41K.
Important to keep an eye on levels, instead of the downtrend.
Man. With all your advanced analysis, you still can't correctly predict the direction of market. What's the point of such complex analysis. And how are you the best trader by any chance? I have only learned to not trust anybody in this platform. I have seen everybody be wrong.
Man. With all your advanced analysis, you still can't correctly predict the direction of market. What's the point of such complex analysis. And how are you the best trader by any chance? I have only learned to not trust anybody in this platform. I have seen everybody be wrong.
Jan '22 has been a bloody month for #Bitcoin
Around $11.75 BILLION in Net Realized Losses🔴 in the month of January (excl. today).
For comparison to the Summer '21 drop:
- May '21- $3.6B Net Profit 🟢
- June '21- $6.8B Net Loss 🔴
- July '21- $8.3B Net Profit 🟢
Capitulation
I find it fascinating that many (not all) on social media who wore laser eyes in Mar/Apr and predicted a rocket shot 🚀for $BTC in Nov now are predicting that the $30k level will be violated
When bulls wear laser eyes -- time to SELL
When bulls become bears -- time to BUY????
Honestly the last thing I'm gonna do is bid $28k
It's like bidding the failure of $6k in 2018, why would you wanna do that?
If we should lose the current range ($33k-$60k) I'd much rather buy once we reclaim the range low or much much lower.
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