YCC Crypto Alpha #19
Our latest community alpha & portfolio updates.
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These posts are your gateway to our latest market alpha, top coins to watch and community updates. They also keep our busy Patrons happy and informed.
This issue covers:
Latest market outlook
The biggest narrative in the altcoin space
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Bitcoin’s correction appears to come to an end after a 17% drop. When the price touched 61k, bulls came in strong and within 24h the price was up by 10%. To renew its uptrend, BTC needs to go above 65k and turn that level into support.
Despite constant sell pressure from the ETFs in the past few days, Bitcoin managed to hold above 60k and is consolidation under the all-time high. The longer this sideways consolidation lasts, the bigger the breakout will be later.
Today, Bitcoin made a higher low at 63k and as long as this holds, there is no reason to believe the price will make new lows. If so, those that bought the discounts will be rewarded soon. These assumptions are invalidated if BTC falls under 60k.
In a bull market, when the dip comes, you buy. This is what I did and shared it with our Patrons on Wednesday before the pump. A 17% discount on Bitcoin and a 25% discount on Ethereum should definitely draw your attention.
Once the market makes new highs, there will be more significant dips. As you take profit on the way up, use those opportunities to deploy part of it.
Another reason to always keep some cash ready is to speculate on new opportunities. That’s where the next section comes in.
The biggest narrative in the altcoin space
What if I told you there is a new altcoin that combines the following elements:
Bitcoin’s security
Ethereum’s flexibility
Layer-2 scalability, speed, and near zero fees
Sounds like something that took the best parts of every iteration of crypto to date and put it all together. That’s exactly where we are headed in the future!
Bitcoin and Ethereum are the foundations of crypto and instead of competing with them, you build on top of them! The success of BTC ordinals shows that building on top of Bitcoin is a huge opportunity.
If you want to bet on something in this bull market, bet on Bitcoin and anything built on top.
This project does exactly that. Scroll down.