YCC Crypto Alpha #34

Our latest community alpha & portfolio updates.

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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

• When will the altcoin season start?

• YCC portfolio updates

• Market tip of the week

TLDR: A difficult week is behind us. Bitcoin’s volatility exploded with double digits price movement in both directions. Leverage was flushed, but the chart remains bearish. Is the bottom in or more to come?

Japan scared us and the market crashed on Monday. However, by Thursday, Bitcoin was up 27%. Shorts and longs were liquidated equally. Nobody was safe, except spot holders. If you also bought that 50k discount, congratulations. You beat most of the market.

I already wrote a viral thread on X about what just happened. TradFi can, at any point, push crypto into volatile waters. We just experienced a sample of that. However, what worries me is that the Bitcoin chart shows a clear bearish trend.

The price is making lower lows and lower highs. This is not a good sign and we have no evidence that this downtrend is over. To get some confidence back, BTC has to reclaim that 64k level. Anything less of that and my bias remains bearish.

Therefore, we may revisit those recent lows and you could have another opportunity at a great entry around 50k or even lower. Be patient and keep cash ready for such a possibility. The buy volume at 50k was solid, which could indicate BTC has bottomed already, but it’s too early to call it.

Even if BTC is in a downtrend, something else isn’t, and has a direct impact on all altcoins. Lets speak about this expected altcoin season which keeps getting delayed for some reason.

Influencers, project teams, and crypto media keep teasing you about an upcoming altcoin season. However, so far, this altcoin season was nowhere to be found in this cycle, except maybe for Solana and a few meme coins.

What is going on here?

You’re being sold a fantasy. Anyone promising you an easy 100x once altcoins season starts does not have your beast interests at heart. Instead, it’s time to look at the evidence and make an informed decision.

Don’t listen to others, follow the price action instead. That’s the most objective truth you will find in this market. Others may try to deceive you with their stories. It’s time to cut through the FOMO narratives and see reality.

That starts with two key charts that can help you prepare for the altcoins season, whenever it decides to actually arrive. I have a good guess on that too.

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