The crypto analyst known as Capo advises his 37,300 followers that the latest correction in the larger crypto markets is intended to shake weak hands.
“They are trying to keep you out of the biggest altcoin bull run in history.”
The trader adds that sharp losses appear to deter institutional buyers from purchasing cheap.
“Funny how everyone wants a dip to buy cheaper but when the dip comes, that’s not enough for them. Pure greed.”
When billions of dollars are washed out of the crypto area due to the correction, Capo claims he’s incredibly bullish on a variety of altcoins.
I cannot describe how bullish I’m on some altcoins.
— il Capo Of Crypto (@CryptoCapo_) January 10, 2021
Ethereum is an altcoin on Capo’s radar (ETH).
The investor claims that the leading smart contract network is in the middle of a parabolic surge that would rocket ETH to as much as $10,000.
Capo is now looking at Syntropy (NOIA), which he claims is also in a clear uptrend that could theoretically take the coin to $0.8, a rise of 344 per cent from its current price of $0.18.
“And another opportunity below $0.20. Clear reaccumulation in my opinion.”
Cardano is another altcoin on Capo’s list (ADA). He says the fifth-largest crypto asset will grow by more than 270 percent if the key threshold can be met.
“Nothing has changed since the last analysis. It’s reaching the first target ($0.36-0.39). Above that level, it goes to $1.”
As far as Solana (SOL) is concerned, the trader expects the web-scale blockchain for DApps and marketplaces to surge and smash its all-time high of $4.89.
“BuT SuPpLy iS gOinG to iNcreaSe sOon… Trade the charts. Ignore the news.”
The dealer is still highly bullish on Litecoin (LTC). He expects the coin, dubbed as digital silver, to climb more than 681 per cent from its current $129 price after breaking out of a bullish reversal trend.
“Bullish. It has broken a key level with a high timeframe Adam and Eve bottom. It can reach $1,000.”
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