A prominent crypto trader and strategist unveils that he’s buying Cardano at the expense of his Ethereum holdings.
The pseudonymous trader known as Capo tells his 136,00 followers that Bitcoin is showing signs of strength after managing to stay above the key support of $30,000.
According to Capo’s chart, Bitcoin is following the Wyckoff accumulation schematic, which is a phase in a market cycle where price action indicates larger players are building positions in preparation for a leg up. The chart also highlights that Capo’s bullish bias will be confirmed once BTC breaches resistance of $42,000 and flips it into support.
