The trader known for accurately calling this year’s big Bitcoin (BTC) and crypto market crash says investors are better off being 100% out of the markets for now.
The pseudonymous analyst known as Capo tells his 661,000 Twitter followers that traders bullish on crypto markets are way too early, and should be waiting for another leg down in prices.
Capo says urges everyone to simply stay out of the markets.
I repeat… EXIT ALL THE MARKETS
— il Capo Of Crypto (@CryptoCapo_) November 16, 2022
According to the popular analyst, a series of factors are all coinciding to suggest a “final capitulation” is just around the corner.
“What I see: -Technicals looking bad (price below June’s low, indicators bearish, funding reset…) -Same bull