Bullish trends are highly manipulated, says cryptoanalyst of CoinEdition
- Crypto trader il Capo from Crypto tweeted after a long hiatus from Twitter.
- The trader reiterated that the move from the bearish lows is highly manipulated.
- He added that he has taken a break from the social space and is enjoying his personal life.
An anonymous crypto trader and analyst, under the pseudonym il Capo of Crypto, after a short hiatus from Twitter, returned with an update on the “bull traps” of the vast majority of his “real and good” followers. The analyst commented that the move from the bearish lows is highly manipulated, especially with BUSD and USDC.
Notably, on March 19, CryptoCapo shared a Twitter thread claiming that he still “remains bearish and completely out of the market”:
Despite all the noise, I know that the vast majority of people who follow me are genuine and good people. And these deserve an update: This time away from Twitter has been very good and necessary. I am perfectly fine, enjoying my personal life. Thanks to everyone who has shown… https://t.co/ZEoe6xmDox
— il Capo Of Crypto (@CryptoCapo_) March 19, 2023
Significantly, the trader reflected on the “Twitter noises” that have surrounded him in recent weeks, regarding his analysis and predictions of the “clearly manipulated” upward thrust in the crypto space, and his subsequent long days of silence.
The tweeter added:
This time away from Twitter has been very good and necessary. I am perfectly fine, enjoying my personal life. Thanks to everyone who has shown interest.
Earlier, on February 17, the trader came out with a lengthy message to his lusty opponents, reminding them that “respect is everything”. It added that although the market is apparently bullish, people dislike it a lot because they are “afraid of losing”.
While appearing sporadically on Twitter, the trader reiterated that it is not the right time to invest and that he is not buying. He himself informed his followers that he is away from the public space only to avoid the “Twitter negativity”.
On January 9, the trader tweeted about the lack of any “bullish confirmation”, explaining:
However, there is not a single bullish confirmation yet. Just look. It’s there, right in front of your eyes. A bearish trend is intact. and most of the market tests broken supports as resistance. We’ve seen this over and over again.
Interestingly, the community’s comments on his tweets are a testament to their trust and love for him. There were tweeters who fully supported him, while some strongly asked him to come back.
The post Bullish Trends are Highly Manipulated, Says Crypto Analyst appeared first on Coin Edition.
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