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This issue covers:
Discounts, discounts… opportunity!
Top new altcoins and buy opportunities
YCC portfolio updates
Market tip of the week
Discounts, discounts… opportunity!
TLDR: The market is in a correction and this provides you with a great opportunity to buy discounts. A 20% drop or more would be a dream entry on BTC and ETH right now. After the April halving, new all-time highs should follow.
Corrections of 10%-30% in a bull market are normal. Such moments don’t last and prices recover fairly fast. Use this coming week to buy coins that you had your eyes on as they should provide a good entry.
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The reason the market is correcting is because both BTC and ETH fell from their bullish formations after a long rally that lasted more than a month.
In the case of Bitcoin, the price formed a bearish wedge and broke below it as soon as it reached the apex (see the chart). Good support is found at 65k, 63k and 58k. It’s unlikely the price will fall under 60k or more than a 20% drop since buyers should come in force at those levels.
Top new altcoins and buy opportunities
With another year left in this bull market, there is still plenty of time to grab new altcoins that are about to launch and ride them to the moon.
I have my eyes on three promising altcoins I can’t wait to grab. Two are brand new and expected to launch soon and the third is already available on the market.
On top of that, there are also plenty of buy opportunities opening up right now thanks to this correction. I added my list of alts I am interested in at the end.
Let’s start.