il Capo Of Crypto (@cryptocapo_) 's Twitter Profile
il Capo Of Crypto

@cryptocapo_

#Crypto analyst, Swing Trader and Long-term Investor since Feb 2017 | Not financial advice |

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calendar_today24-04-2018 15:08:23

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Despite the strong market bounce after the capitulation event, there’s still some underlying weakness. I’ve reopened the hedge position until we see proper bullish confirmations or a second dip, which might bring $BTC down to around $88k–$90k. Some altcoins could drop another

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Based on the current situation and recent technical analysis, I see another potential 20%-40% drop for altcoins from current prices before an important local bottom is reached. I'm ready to buy the dip if it happens.

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Expecting altcoins to pump 10%-20% from here. However, I believe this bounce is a bull trap, because a big drop is likely to follow. After that potential drop (second capitulation event), the local bottom should be in, and altseason is likely. Adaptation is key. Let's see!

Expecting altcoins to pump 10%-20% from here.

However, I believe this bounce is a bull trap, because a big drop is likely to follow.

After that potential drop (second capitulation event), the local bottom should be in, and altseason is likely.

Adaptation is key. Let's see!
il Capo Of Crypto (@cryptocapo_) 's Twitter Profile Photo

Bear trap went lower than expected, but the local bottom should be in or very close. A strong relief bounce is likely over the next few days, with altcoins expected to outperform Bitcoin.

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This really looks like a bear trap. Selling here would be a big mistake, in my opinion. The bounce should be strong. Just needs a trigger.

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My thoughts for the rest of 2025 and 2026 Lately, I’ve been less vocal about my mid and long-term predictions. I’ve mostly focused on the short-term. That’s because, over the years, I’ve come to believe that the best approach is to focus on current data and the next moves. To