Bitcoin & Ethereum
Is This True Capitulation?
The price action certainly rhymes with it. When you look at,
ETH sharp +4.55% rip to $1,780 is a textbook response to a severely overextended market asset mean reverting out of deep value territory. The massive selling pressure that dominated June drove both assets into structural support grids.
The Technical Reality: We Need Transformed Flow
While the RSI hook and the decelerating TTM Squeeze histograms (the yellow dashed trajectories showing shortening red bars) look beautiful for a short term trade, this is purely structural relief so far.
The Missing Ingredient: True capitulation requires an exhaustive volume climax where supply dries up. Right now, we have the bounce, but we haven't established a clear floor of institutional accumulation yet.
Risk Management:
Catching this move early last week with leveraged BTC/BITX was a sharp technical play into a major macro demand pocket.
However, until
BTC prints a higher low or cleanly snaps the primary descending white trendline near $74k, the intermediate down trend remains intact. The bleeding is pausing, but it is most likely not over.
Is This True Capitulation?
The price action certainly rhymes with it. When you look at,
ETH sharp +4.55% rip to $1,780 is a textbook response to a severely overextended market asset mean reverting out of deep value territory. The massive selling pressure that dominated June drove both assets into structural support grids.The Technical Reality: We Need Transformed Flow
While the RSI hook and the decelerating TTM Squeeze histograms (the yellow dashed trajectories showing shortening red bars) look beautiful for a short term trade, this is purely structural relief so far.
The Missing Ingredient: True capitulation requires an exhaustive volume climax where supply dries up. Right now, we have the bounce, but we haven't established a clear floor of institutional accumulation yet.
Risk Management:
Catching this move early last week with leveraged BTC/BITX was a sharp technical play into a major macro demand pocket.
However, until
BTC prints a higher low or cleanly snaps the primary descending white trendline near $74k, the intermediate down trend remains intact. The bleeding is pausing, but it is most likely not over.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.