To provide context that supports my current perspective about the market, I will present several arguments for why I believe we might still see new lows over the coming months.

Thread 👇 Let's start with $BTC on htf

We have seen a bullish trend during 2023. Many think that this is the start of a new bull market, but in my opinion, this is a corrective move. Now the price is at a major resistance zone.

Confirmations are on the chart.

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. 1) High timeframe.

$BTC is still testing major resistance. Weekly close will be key, but there's no bullish confirmation 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 key is knowing what is in your control and what is not. This is called Dichotomy of Control in Stoic philosophy.

You cannot control the market or when an event is going to happen, but you can try be on its side, on the side of the highest odds.

There are a lot of people posting this 2018 fractal these days. However, they think price should keep making lower highs and then dump 50% like in 2018, and they are ignoring the fact that fractals indicate major direction, but not ltf PA nor breakout %.

https://twitter.com/CryptoCapo_/status/1580273256799830016

Those are determined by the current price action. What the fractal shows is the pattern, a descending triangle after a downtrend = bearish.

But if you follow fractals blindly you will end up getting shaken out because as mentioned before, they don't play out exactly the same.

Chart request time.

I will chart the two most commented. Let's do $SOL, $MATIC and also $ADA as an extra

I forgot to add the updated chart here.

https://twitter.com/CryptoCapo_/status/1527664509451747330

$BTC zooming in

$BTC - Some of the reasons why I think we should see new lows in the coming days

1) BTC broke the 30k support zone, which was the main pivot of the bull run. This is a zone, not a level. It's between 29k-31k, taking all the wicks. Now it's testing that zone as resistance.

https://twitter.com/CryptoCapo_/status/1523940846575489026

2) The minimum target of the bear flag hasn't been reached yet (23k). You can also see this on altcoins, where some of the main targets haven't been reached yet.

https://twitter.com/CryptoCapo_/status/1518541699953438721?s=20&t=iSpVWt03D1V1BgGuhuOdKA

It's the same story over and over again.

2018:

Called for $3k-4k $BTC when price was $7500. It ranged between 6k and 9.5k for 7 months and then reached the final target.

I had very few followers then and you could already see the hate. 2019-2020:

Called for $7000-7300, $6000-6200 and $4400-4800 as final target.

Price started to reach those targets and after some months, it also reached the final target, being the absolute bottom again.

I got a lot of hate back then.

https://twitter.com/CryptoCapo_/status/1179145804902207488?s=20&t=d0gl2wS0c8wgNkohIdhrig

$NOIA new thread

First of all, if I have a partnership with @Syntropynet is because of something. I've been supporting it genuinely since July 2020, without any kind of deal, doing DCA since the first day and not selling a single token.

I will tell you why

👇

https://twitter.com/CryptoCapo_/status/1396854950509137925

The tokenomics are perfectly designed to run like a clockwork. The $NOIA token will be the core of everything.

syntropynet.com/docs/tokenomics

1/n