A popular cryptocurrency analyst and trader who has spent almost all his time making a case for only the potential of Bitcoin (BTC), has recently stated that he’s now diversifying his portfolio as he believes that a big rally is coming to the altcoins market.
In a new tweet, the trader identified as Capo in the crypto industry told his over 39,000 followers on Twitter that altcoins now make 90% of his crypto portfolio.
“My portfolio is 90% alts.”
My portfolio is 90% alts.
— il Capo Of Crypto (@CryptoCapo_) January 16, 2021
Read Also: Cardano (ADA) Over 100% Upturn Displaces Bitcoin Cash (BCH) Based On Market Cap
Cardano (ADA) Is Currently Consolidating
According to the tweet, Capo has been tracking the performance of Cardano (ADA) against USD. As the smart contract platform currently consolidating above $0.39, the trader expects a price gain of about 150%, which implies that the bull should take its price to around $0.97.
— il Capo Of Crypto (@CryptoCapo_) January 16, 2021
Read Also: Cardano (ADA) Smart Contracts Deployment Will Bring Large-Scale DeFi Protocols to the Network
Ethereum (ETH) against Bitcoin (BTC) Is Key to Igniting Altseason
The trader is also tracking the price action of Ethereum (ETH) against Bitcoin (BTC), which according to him is key to igniting an altseason.
Capo predicts that ETH/BTC pair will gain over 194% as it struggles to reach 0.10 from its current level of 0.034.
#inevitable pic.twitter.com/ipMVsffh4k
— il Capo Of Crypto (@CryptoCapo_) January 15, 2021
Read Also: American Actress Lindsay Lohan Targets $100,000 Bitcoin (BTC) and $10,000 Ethereum (ETH)
Syntropy (NOIA) Will Never Trade Below Key Levels
Another altcoin on Capo’s list is Syntropy (NOIA). According to the trader, the cryptocurrency is in a strong uptrend, stating that NOIA/USD and NOIA/BTC will likely not trade below key levels again.
“Fourth bold call of the year: NOIA never again below $0.20 or below 500 sats.”
Fourth bold call of the year:$NOIA never again below $0.20 or below 500 sats
— il Capo Of Crypto (@CryptoCapo_) January 16, 2021
Read Also: Gemini’s Tyler Winklevoss Says ‘When in Doubt, Ethereum” As ETH Is Now 9% Away from ATH
Capo’s Last Choice of Altcoin Is Polkadot (DOT)
The last altcoin Capo is keeping on his radar his Polkadot (DOT), the 4th largest cryptocurrency by market cap. The trader expects the digital currency to pull back a bit after it surged significantly to more than double its value against Bitcoin (BTC) in a matter of days.
According to the trader, DOT/BTC will retest support of 0.00033 and build a higher low before taking out resistance of 0.00055.
$DOT/BTC pic.twitter.com/17TrmxHRaJ
— il Capo Of Crypto (@CryptoCapo_) January 16, 2021
Capo Is Still Bullish On Bitcoin (BTC)
Although Capo has the highest percentage of his portfolio in various altcoins as listed above, he’s still bullish on the largest cryptocurrency by market cap, Bitcoin (BTC).
“Bears really want to see it below $30,000. Reality is that it won’t go below $33,000.”
Read Also: Top Analyst: XRP Is Poised For Massive Move as Bitcoin (BTC) Gathers Momentum for $14,000
Over the past few days, Bitcoin has been in a sideways consolidation, but the trader believes that the bull market is not over yet.
“This is a higher low. All the heatmaps are bullish. Funding reset. Why so bearish? …Market is giving you another chance to buy under $36k and you’re panicking.”
Follow us on Twitter, Facebook, Telegram, and Download Our Android App.
