YCC Crypto Alpha #26
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
Five altcoins that caught my eyes
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Bulls are returning in full force. Bitcoin has left the downtrend after a perfect reversal. With higher highs and higher lows, all signals point towards a resumption of this bull run.
Once Bitcoin broke above the resistance at 64k, the inverted head and shoulders reversal pattern was confirmed. The price did not hesitate to show it and rushed to 67k in a few days.
Yesterday, Bitcoin made a local high. If this Monday the price action continues up, then the all-time high at 74k is the next major target. Everything in between is noise.
I expect at least another major rally across the market in 2024. It can come during this summer or later in 2024. Best to be positioned for that and take good profits when it happens.
Next, let’s look at five altcoins I have my eyes on right now based on their price action.
Five altcoins that caught my eyes this week
The correction we had in March and April was long and rather atypical, particularly in the altcoins space where some alts dropped by over 50%. When the market offers discounts, that is an opportunity to get positioned.
Why?
Because Bitcoin remains in a clear bull market and it will pull everyone up once it breaks above 74k. Moreover, once BTC tops in this cycle, at 60% market dominance or even 70%, we could witness one last major altcoin pump as money rotates which would be your last opportunity to exit in profits.
Whatever altcoin positions you have now, make sure you take profit on them or exit in full when that opportunity arrives. Below, I will show you five altcoins that performed in this cycle and will likely continue to do so.
If you are interested in even more altcoin opportunities, then join our Patrons group on Discord.