YCC Crypto Alpha #25
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
Boost your passive income with this trick
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Bitcoin continues to consolidate, but a key moment is quickly approaching. Break above 64k and the chart turns bullish. Fall under 58k and bears take the lead.
After the crash in late April, Bitcoin has formed a clear downtrend channel which could be coming to an end. The price is approaching its top border and things may get spicy soon.
Ideally we want to see the price break above the channel, turn it into support, and then challenge that 64k resistance next. That is the bullish scenario.
In the bearish scenario, sellers reject any attempt at a breakout and the price falls towards 58k.
We need to be patient here. The bias is neutral and we have to let the price lead the way. Don’t trade a market that is choppy or without a clear trend like now.
While we wait for new highs later this year, there is a trick you can use to boost your passive income. Scroll down for more on that.
Boost your passive income with this trick
No matter if you are new or old in this market, you should know this trick.
There is a way to farm passive income (= yields) on your coins without impermanent loss, borrowing fees, or liquidations. You don’t sell your coins, you simply hold them while earning double digits returns!
How is this even possible?
Decentralized finance is a great thing because it socializes the profits and you can partake in it.
Lets explore that next and then I’ll also show you three altcoins that caught my eyes this week. Don’t miss them! I already talked about them with our Patrons on discord.