A popular trader who’s building a reputation for his bullish Bitcoin calls says he’s now pivoting to altcoins in anticipation of a big rally.

In a new tweet, the trader known in the industry as Capo tells his 39,100 followers that altcoins now make up 90% of his crypto portfolio.

My portfolio is 90% alts. — il Capo Of Crypto (@CryptoCapo_) January 16, 2021

Capo is keeping a close watch on the price action of Ethereum against Bitcoin which he says is key to igniting an altseason. The trader predicts that ETH/BTC will rise by over 194% en route to 0.10 from its current level of 0.034.

“Inevitable.”

Source: Capo/Twitter

Capo is also tracking the performance of Cardano (ADA/USD). As the smart contract platform is currently consolidating above $0.39, the trader expects it to rise above $0.97 for gains of nearly 150%.

“ADA.”

Source: Capo/Twitter

Another coin that’s on Capo’s radar is Syntropy (NOIA) which he previously said was in a strong uptrend. The trader now believes that the NOIA/USD and NOIA/BTC pairs will never trade below key levels.

“Fourth bold call of the year: NOIA never again below $0.20 or below 500 sats.”

Looking at Polkadot (DOT), the trader expects it to cool off and pullback after the coin more than doubled its value against Bitcoin (BTC) in a matter of days. Capo predicts DOT/BTC will retest support of 0.00033 and build a higher low before taking out resistance of 0.00055 and resuming its uptrend.

“DOT/BTC.”

Source: Capo/Twitter

While a huge percentage of Capo’s portfolio is in altcoins, he remains extremely bullish on Bitcoin. He believes the leading crypto asset will never go down below a key level.

“Bears really want to see it below $30,000. Reality is that it won’t go below $33,000.”

Although Bitcoin is currently in sideways consolidation, Capo says the bull market is not yet over.

“This is a higher low. All the heatmaps are bullish. Funding reset. Why so bearish?”

Once the correction is over, Capo predicts that BTC can potentially rise to as high as $59,000, representing gains of nearly 70% from its current price of around $35,000.

“Market is giving you another chance to buy under $36k and you’re panicking.”

Source: Capo/Twitter Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox Follow us on Twitter, Facebook and Telegram Check Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Budimir Jevtic

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