“The task is ... not so much to see what no one has yet seen; but to think what nobody has yet thought, about that which everybody sees.” ― Erwin Schrödinger
CryptoCapo TGPrivacy coins could still see one last leg down before real bullish acceleration. Many of them have been strongly outperforming and are now approaching short-term resistance levels. As a reference, key support levels for the two majors: $XMR: $450-500 $ZEC:…
$ZEC update ✅
It took much longer than expected, but $ZEC found support at around $200-300 in February-March, and now finally reached the $900 target (even $1,000)
Now a short-term local top / retracement is likely, like for the rest of the crypto market.
CryptoCapo TG$74k-75k is a strong resistance. We could expect a short-term retracement once that zone is reached.
$BTC
$74k-75k zone reached ✅
I think this is where we see a short-term correction, maybe towards $69k-70k. Then after that retracement, altcoins should really start outperforming (not only ETH like now, but many others)
This current short-term move is very overextended, this is a strong resistance, and emotions are peaking.
Important:
I'm not turning bearish. I'm mainly bullish for the next few weeks and just riding the entire wave holding a spot portfolio.
These short-term retracements are likely going to be distractions, but it's important to keep them in mind so we are mentally prepared.