YCC Crypto Alpha #03
Our latest community alpha & portfolio updates.
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These posts are your gateway to the latest market alpha, top coins to watch and our community updates. It also keeps our busy Patrons happy and informed.
This issue covers:
Latest market outlook
Altcoins to watch before the next pump
YCC portfolio updates
Community news & market tip of the week
Market Outlook
TLDR: Bitcoin has to do a higher high to maintain the bullish momentum. A correction remains possible before the macro uptrend continues.
Bitcoin appears to be consolidating above the key support at 36k. This may be in preparation for its next significant move. While the daily timeframe is bearish, it seems buyers won’t allow the price to drop.
The longer the price stays here, the more bullish the chart becomes. Any pullback could turn out as one of the few opportunities to enter the market at a discount before the uptrend resumes.
Should the support at 36k fall, the next key support will be found at 32k. However, buyers may be too eager to allow BTC to drop that low. Laddering buy orders from 35k all the way to 32k may be the best strategy to get exposure if any correction happens.
On the other side, any positive updates on a BTC ETF can turn the market bullish overnight and see Bitcoin approach 42k next. Discounts in a bull market don’t last, so make best use of that if they occur.
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Altcoins to watch before the next pump
Here’s the list of coins I have my eyes on in the coming week. With Bitcoin and Ethereum preparing for their next move, I expect altcoins to also offer some juicy opportunities.