One of the well-known traders of the crypto world caposmart contract platform Ethereum (ETH) and two altcoin He predicts an upcoming Bitcoin rally, as well as sharing his analysis and commentary on
Trader known by the nickname Capo, with over 185,000 followers twitter In his comments shared on his account, he stated that Bitcoin (BTC) is probably experiencing a local bottom right now and is preparing to ignite a rally after that.
“Elliot Wave I’m ignoring the wick for the count so this is a simple impulse + ABC fix. Based on that, heatmaps and funds… the only way is UP.”
The trader is a person who predicts future price movements by following the psychology of market participants who emerge in waves. Elliott Wave uses the theory. According to the theory, the asset is ready to resume its trend after completing ABC correction.
In order to determine the depth of liquidity in the market, Capo also said “heat mapuses the ” model. According to the trader, the heatmap shows that Bitcoin buyers are eager to enter the market. Commenting on the heatmap, the trader expects BTC to see a comfortable $70,000 this year, with even $100,000 possible if things go well.
EthereumThe trader, who also examined . According to their analysis, the situation in ETH is doing very well and there was a comment that “BTC will not want to see this”.
Merchant allows businesses to develop fintech products such as stablecoins and payment networks. Coti (COTI) He also shared his opinions about it. Capo noted that COTI shows “very bullish potential” after turning a significant resistance into support.
The last asset on the investor’s radar is the decentralized machine learning network. Fetch.ai (FET) it happened.
Capo predicts FET will rise above $1 in the short term, indicating a potential increase of at least 26% from its current value of $0.79.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.