Pseudonymous crypto trader Kaleo says Bitcoin is ready to climb higher while two large cap altcoins prepare for a renewed breakout.
In a series of tweets this week, Kaleo tells his 245,000 followers that despite Bitcoin’s recent shaky price action, it now appears to be on the verge of making a major move upward, expecting the asset to return above $60,000 this weekend.
“Expecting another leg up sometime soon. I really wouldn’t be surprised if BTC continues to grind higher to $60,000+ this weekend for a CME gap up Sunday.”
Another chart Kaleo shares shows the king coin reaching $67,000 by the end of this week.
Kaleo is also keeping an eye on blockchain network Terra (LUNA). The trader notes that LUNA is bullish against Bitcoin (LUNA/BTC) and has been buying the dips in the pair.
“The entire ladder up to the all-time high in March was defined by impulse moves up, followed by slower bleeds down, repeat. It’s been profitable to buy red, so I like this as an entry opportunity.”
Kaleo believes LUNA is set to increase nearly 40% versus BTC in the next few days from its current value of 0.00029 to 0.0004.
“LUNA/BTC basically looking for this.”
Kaleo is also bullish on LUNA/USD, remarking that the pair is likely in a renewed accumulation phase, through which he will continue to hold the asset.
“I’m holding. I still see accumulation after a breakout that should send for the next leg up soon enough. Patience pays.”
The trader adds that LUNA may soon print gains of nearly 20% from its current value of $16.75.
“LUNA. Send it to $20.”
Kaleo also tweets that the governance token for PancakeSwap, CAKE, is likely to jump over 30% in the near term from a price of $38.31 at time of writing.
“CAKE is such a machine. $50 is imminent.”