YCC Crypto Alpha #12
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
The hottest memecoin right now
YCC portfolio updates
Market tip of the week
TLDR: Bitcoin continues to show strength and is above 42k which is the current support. If nothing changes, expect it to grind higher with 48k as the key target. Bias is bullish and will turn bearish only if BTC falls under 40k.
Despite a brief dip under 42k yesterday, Bitcoin is back above this key support which is a bullish signal. If you look closely, you will notice that the price action appears to have formed an inverted head & shoulder formation. This can be interpreted as a reversal pattern from the lows at 38k.
At the same time, the price is back in a range that started in December and is now ongoing for three months. This reads like a consolidation before the next major move. Expect Bitcoin to get volatile as soon as it breaks away. My bet is that the price will go UP.
I'd be surprised if BTC goes under 40k again from here which would turn my bias bearish.
Now lets talk about that juicy memecoin next.
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The Hottest Memecoin Right Now
This week, I noticed a memecoin with potential. It has a market capitalization of under $20 mil, impressive liquidity and some big whales behind it. Instinct said to buy it. The risk/reward was worth it.
I posted my trade in our pro-channel and 24h later the trade was 50% in profit, 48h later 100% in profit. Other Patrons Pro were on this trade and it was quite surreal how a memecoin play returned more in 48h than most TradFi traders make in a year.
Welcome to crypto!
Being early pays BIG. Buying memecoins when their market cap is this low is like when I bought that frog for $200 and then it did a 200x. It’s an asymmetric bet I am willing to take even if it means I lose my principal if I am wrong.
Whenever I see such opportunities, the first place I share them is in our Discord. We have a dedicated channel for Patrons Pro where I post all my trades. If you want to see my live updates, then I encourage you to be in that channel and subscribe to the Unlimited Plan.
There are many memecoins out there and it’s hard to pick the winners, but this one could deliver and you’re still early! Let’s take a closer look at it below.