Trader Who Correctly Called Bitcoin Crash Predicts Ethereum, Xrp And Eos Will Surge If Btc Follows One Rule

Saturday 8 August 2020, 8:12 AM AEST - 6 days ago

A trader who correctly predicted Bitcoins big crash to around $4,000 in early 2020 is back after taking a three-week hiatus.

The pseudonymous analyst known in the industry as Capo tells his 16,000 followers on Twitter that hes bullish on three altcoins – if BTC can remain strong.

The trader says he just bought Ethereum, EOS and XRP in anticipation of a rally in the weeks ahead. He believes Ethereum looks ready to continue breaking out against Bitcoin, after the second-largest cryptocurrency broke through a key level of resistance.

Source: CryptoCapo/Twitter

The analyst says EOS is also looking strong against both BTC and the US dollar.

As for XRP, the trader points to the third-largest cryptocurrencys past price history, noting that its current trajectory appears similar to what happened back in 2017 before the coins epic breakout to an all-time high of $3.84.

Source: CryptoCapo/Twitter

When it comes to the crypto bellwether Bitcoin, the analyst says the leading cryptocurrency must turn resistance at $10,500 into support.

As Ive said many times, $10.5k is the key level. Above it, first target is $12k.

Im not bearish above that level, but the bearish scenario will be in play again if BTC consolidates below this level. Im only trading bullish altcoins setups now.

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