YCC Crypto Alpha #21
Our latest community alpha & portfolio updates.
No time to scroll on X or Discord? I got you covered!
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
Top altcoins this week!
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Bitcoin is approaching a decisive moment after a prolonged consolidation under the all-time high. The price has formed a large pennant which can break at any moment. Expect volatility soon.
The price is compressing as it approaches the apex of this formation. This is building up pressure for an eventual breakout. Best to wait for the price to lead the way and not speculate.
Considering that the macro is bullish, Bitcoin should break above this triangle. However, we do not know how the market will open on Monday. Patience.
It is best to not be trigger happy, because the price can also continue to range here and trap traders eager to speculate on a pump.
Either way, the mega pump will come. In two weeks, Bitcoin will complete its next halving and volatility will surely spike. Get ready for that.
Top altcoins this week!
In our last Alpha Post, I mentioned ENA token as one of the key altcoin listings in April.
It did not disappoint!
On the day of the listing, ENA was priced just under 60 cents. Less than 48h later, the price reached $1.3. That was an easy way to 2x your money!
Our Patrons joined the fun, and those that were early, were well rewarded. Even if you bought under $1, you’re still 20% in profit at the time of this post. I covered Ethena since Alpha Post 15 as one of the most promising DeFi plays in crypto and you can still receive an ENA airdrop in season two - I wrote a guide on that here!
But that is just ONE of many promising altcoins. Here are more alts that I have my eyes on right now.