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One of the analysts who has made a name for himself in the cryptocurrency markets shared his new prediction today. Analysts’ targets are not always achieved exactly as they predict. However, some of them achieve a reputation that is difficult to take away when they predict major movements in advance. Capo is one of them.
Crypto Currency Guru: Capo
The ambitious and outrageous decline targets he set for the second half of 2022 were largely achieved. If the BTC price had lost $15,500, it would have reached its ambitious target of $12,000. However, like others, he could not predict the future accurately enough to predict the bottom 100%. However, those who followed him in the second half of last year made significant gains from short positions.
We can say the same thing for 2023 as well. If we exclude the first quarter, Capo has largely succeeded in his targets, especially for altcoins. Altcoins that went down to price levels that were considered unseen eroded the capital of investors. We even saw some altcoins reach new ATL (all-time low) levels.
Capo’s Crypto Currency Comment
When BTC was rising at the beginning of 2023, Capo was made fun of. However, looking back from today, it is difficult to say that he was completely wrong when most of his targets for altcoins have been achieved. The famous crypto currency commentator said the following in his market evaluation shared today;
“My plan for 2023 is simple: ignore all the noise and focus on my life and analysis.
So far, it has been successful; my portfolio is green in 2023. All shorts (BNB, AAVE, WAVES, MATIC, and SOL) are profitable except for CRO, which is at breakeven, and TRX, which is at a loss. Also, my mind is much calmer.
There have been many narratives this year, as well as many scams and hacks. Only a few people made money, but most of them lost. This is because we are not yet in a bull market. Good money-making opportunities will come.
The main move takes time, there is no doubt about it. Someone is holding the prices until bad news hits the market and everything unfolds like a domino effect. This is not bad in itself. In fact, it’s a good thing because it gives you time to position yourself and review everything more thoroughly to see if anything has changed. But nothing has changed, and everything points to a major capitulation event as I warned in these months.
Patience is crucial here, and it is one of my strongest skills. You cannot control when events will happen; the only thing you can do is position yourself according to the analysis. If you enjoy your daily life and have faith in what you do, the “wait” will be shorter. The best is yet to come”.
The AVAX Coin chart shared by Capo today is below, and the analyst’s current target is $2.62.
