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Analyst Who Sees 2022 Bitcoin Crash Upcoming BTC Updates and Ethereum Predictions Issues New Alert for Crypto Traders

A famous cryptocurrency strategist who raised the alarm about the cryptocurrency price crash this year is now updating his forecasts for the two best digital assets.

Cryptocurrency trader known as Kabo Says Bitcoin (BTC) is seeing a support/resistance pattern flipping, as the previous support drop becomes the next ceiling of resistance.

he is Tells His 392,900 followers on Twitter who repeatedly deceive investors into believing that a short rally means BTC has reached the bottom of the cycle.

“A little bounce with no bullish sign and people are screaming at the bottom. Same story over and over again.”

source: Capo / Twitter

Trader then Warn From a bull trap while presenting a chart highlighting the difference between a BTC price rally and a sinking interest on an open margin contract. Bull traps are attracting investors to believe that an extended rally has begun, while the price may soon flash negative again.

“Don’t fall into the trap.”

picture
source: Capo / Twitter

Capo continues his hypothesis in the bull trap by say Bitcoin is only rising because investors are liquidating their altcoin holdings and investing in BTC to eventually sell it for cash.

“Bull trap. Altcoins are moving to BTC for sale later. The bottom is not inside yet. “

yesterday analyst He said That “$16,000 is like a strong magnet” for the price of Bitcoin. Today, it gives an update warning Investors not to chase an overnight price increase.

“Good morning! Still no reasons to buy yet. Patiently waiting.”

At the time of writing this report, Bitcoin It has recovered well from its weekly low at $17,760 and is now trading at $20,472.

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When it comes to the leading smart contract platform Ethereum (ETH), the pseudonym trader Notes His target area of ​​$983 to $1,223 was reached, before planning a new support level below $800.

“The main target has been reached, bounced from there, but no bottom has yet been formed.

Eyes on $700-800 as a new support area, which will complete the fifth wave of the fifth wave.”

picture
source: Capo / Twitter

Ethereum The week is also starting to rise, as it is currently up 5.41% and trading at $1,116.

Despite BTC and ETH seeing spikes, Capo wraps up his tweet storm with to share His latest predictions are for how low each one will go. A chart expert pegs Bitcoin as sinking to $16,200 and Ethereum to cash in at $750.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

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