Cryptoanalyst Who Called Bitcoin (BTC) Relapse Warns of Big Bull Trap – Here’s Why
A crypto trader known for predicting Bitcoin (BTC) bottoms warns that traders are in the middle of another bull trap.
Pseudonym cryptanalyst Capo says his 462,400 Twitter followers that BTC bulls are about to be caught in a big trap.
“This is one of the biggest bull traps of the year, but you won’t see it until it’s too late.”
Capo references an April 2022 tweet thread in support of his argument. According to Capo, he manages to call BTC bottoms correctly time after time, even when it means going against popular opinion.
“The same thing is happening now. Worth reading…
Good luck and be safe.”
In the April tweetstorm, Capo points out his correct calls for capitulation over the years, and suggests that his reasoning backs up his current predictions. He begins in 2018.
“It’s the same story over and over again.
2018:
Called for $3000-4000 BTC when price was $7500. It ranged between $6000 and $9500 for 7 months and then reached the final goal.
I had very few followers back then and you could already see the hate.”
The merchant claims he made the same right calls in 2019 and 2020.
“2019-2020:
Called $7000-$7300, $6000-$6200 and $4400-$4800 as final target.
Price began to reach these goals, and after a few months it also reached the final goal, and was the absolute bottom again.
I got a lot of hate back then.”
Piling the evidence of, the pseudonymous trader too says he correctly called the bottom in 2021.
“2021:
I called the bottom and continuation of the $30,000-$35,000 bull run. Most comments expect lower ($20,000 or even $10,000), and scoff too.
The price fluctuated between these levels for a few weeks and then continued the bullish run to $69,000.”
The merchant concludes that the markets will always give traders opportunities, and sign off with their followers until further bearish notice.
“See? There were opportunities in between because the market always gives you opportunities.
If you catch every bottom, every bounce, congratulations. I focus on bigger opportunities, different time frame and I don’t care about “missing” bounce…
I will not post more here until the bearish scenario is confirmed or invalidated. Good luck and be safe.”
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