Saunia e The Daily Hodl - 1 tausaga talu ai - Taimi Faitau: 2 minute
Tagata su'esu'e na vala'au le Crypto Crash Issues Dire BTC Warning, Fai mai Bitcoin Fa'ato'a Pa'u
The crypto strategist who nailed this year’s crypto meltdown is issuing a pressing warning to Bitcoin (BTC) bulls.
Pseudonymous crypto trader Capo tells his 579,600 Twitter followers that Bitcoin traders should start exercising caution as he says BTC is now in the process of trapping as many bulls as possible.
Capo says that after Bitcoin’s latest surge above $21,000, the king crypto has now reached a price area where smart money investors will likely take profits and push BTC to new 2022 lows.
“E pei ona ou fai atu i le tele o taimi, $21,000-$21,500 o le samala sone (distribution zone). Fa'asoa vaega e faia e maileia le tele o umi e mafai a'o fa'aumatia vave pupuu. O lona uiga o le tele o tuleia i totonu o le sone tetee, e faʻaaoga e lima malolosi e faʻaauau ai le fausiaina o latou tulaga.
Punavai: Capo / TwitterBased on the chart, the analyst appears to predict that the distribution above $21,000 would trigger a sell-off event that pushes Bitcoin all the way down to his target at $14,000, suggesting an over 34% downside for the top crypto by market cap.
Although Capo has a bearish view on Bitcoin, the chart also shows that his thesis would be invalidated if BTC manages to rally and consolidate around $23,000.
For now, Capo says he is waiting for confirmation signals before shorting Bitcoin.
"Ou te le o toe popole i luga o le BTC, ae ou te le o faapuupuuina seiloga ou te vaai i faailoga o le paʻu (seia maeʻa le tufatufaina). Ole tuleia mulimuli ile $21,400-$21,500 e mafai ma e te le manaʻo e faʻapuupuu iinei e aunoa ma se faʻamaoniga faʻafefe.
I le taimi o le tusitusi, Bitcoin o lo'o sui lima mo le $21,377, i luga atu o le 5% i le 24 itula talu ai.
Capo next takes up altcoins, faapea he remains bullish on crypto assets other than Bitcoin mo le taimi nei.
“I’m still bullish on altcoins but being cautious (trailing the SL [stop loss] in profits). I will turn full bearish soon.”
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Le pou Tagata su'esu'e na vala'au le Crypto Crash Issues Dire BTC Warning, Fai mai Bitcoin Fa'ato'a Pa'u faʻaalia muamua Le Aso Taʻitasi Hodl.
Punavai autu: Le Aso Taʻitasi Hodl