Analyst Who Predicted 2022 Crypto Collapse Goes On Altcoin Shorting Spree | CPT PPP Coverage
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Analyst Who Predicted 2022 Crypto Collapse Goes On Altcoin Shorting Spree appeared on www.benzinga.com by Mehab Qureshi.
The pseudonymous analyst who accurately predicted the 2022 crypto market collapse on Monday said he is shorting altcoins, as Bitcoin BTC/USD and Ethereum ETH/USD continue to tumble in response to the Commodity Futures Trading Commission’s (CFTC) lawsuit against Binance and its CEO Changepeng Zhao.
What Happened: Capo told his 734,000 Twitter followers that his main short positions are Binance Coin BNB/USD and Tron TRX/USD, as he has mentioned multiple times before.
“I also have some other shorts like AAVE AAVE/USD or Solana SOL/USD.
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
When a Twitter user ‘Isopink’asked if Capo had been liquidated on the way up, Capo responded, “Your thoughts and the reality are two different things. I’ve been building swing short positions on altcoins all this time.”
For Binance Coin, Capo suggests traders should consider setting up a swing short position between $250 to $350.
Price Action: At the time of writing, BTC was trading at $26,991, down 2.80% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Slide After CFTC Lawsuit Against Binance: Analyst Expects Apex Crypto To Touch $30K If Macroeconomics Remains Favorable
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This article originally appeared on www.benzinga.com by Mehab Qureshi – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
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