YCC Crypto Alpha #36
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
Top altcoins I’m watching
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Bitcoin pumped and reclaimed the 64k support. If this level holds, then bulls will have the upper hand which could take us to new highs later in the year.
I’ve been watching this pennant in blue for over a week and I’m glad to report buyers resolved it with a beautiful breakout. In the process, they also turned the 64k level into support. It is crucial to hold this level as any weakness will give sellers an opening to return.
Bitcoin has managed to bring back optimism in the market and altcoins also followed closely. This positive outcome comes on the back of the FED Chair hinting on Friday that an interest rate cut in September is likely.
With new money flowing in, altcoins stand to benefit. Let’s look at my top picks and how my last week selection performed.
Top altcoins I’m watching
In my last Alpha Post, I gave you my top three altcoins I was interested in. A week later, they are all in good profits!
The first pumped 30%, the second 20%, and the last one 15%. Looks like I even ordered them correctly based on their performance.
I will continue to monitor them, but now I have more altcoins that I have added to my list. If the market is preparing for a new pump, there will be plenty of altcoins to select from.
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