YCC Crypto Alpha #10
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
Top altcoins to watch right now
YCC portfolio updates
Market tip of the week
Market Outlook
TLDR: Bears continue to dominate the chart and Bitcoin dropped by 18% from its most recent high. This selloff is led by US traders and may take a while to satisfy them. Watch closely the 40k support and take advantage if the price falls further as that will be a rare opportunity to accumulate more BTC in this bull market.
This selloff is led by Grayscale’s ETF, Binance and US market based on the latest data. It is hard to know when this selling will stop, but so far, Bitcoin did not make a lower low compared to December. This gives some hope of a reversal here.
Buyers came in strong at 40k and briefly pushed the price back to 42k. If bulls manage to take BTC above 42k that will be a bullish signal. If not, then expect 40k to break next.
Any price under 40k is a buy signal in my opinion and a rare opportunity to accumulate more Bitcoin if you have cash. The 36k level is a key target and buying around there should net some good returns later this year, provided BTC arrives there.
Top Altcoins to Watch Right Now
You buy discounts, not FOMO.
With Bitcoin pulling the market down, discounts have arrived on key altcoins that I’ve been monitoring. If you missed my previous alpha signals, then this is an opportunity to catch-up before this market recovers.
Here are my top plays I like to keep an eye on and you should too.