YCC Crypto Alpha #41
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 5 altcoins to watch this week!
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Sellers took Bitcoin back under 64k as we entered October. The rally stopped, but only for a moment. As long as the price holds above 60k, this pullback was nothing out of the ordinary considering bulls dominated in September.
If we count the September bullish candles on this three-day chart we can see we had no less than seven out of ten! Basically the whole month was up-only. The price never goes only in one direction and a deeper pullback was to be expected. The start of October delivered it and this is normal.
Buyers managed to stop this correction at the 60k support. As long as Bitcoin does not fall under it, there are good reasons to expect new highs later this month. The market excitement will resume when the price is above 64k again.
This also means that 60k was a key zone to get exposure to the market. Did you buy more Bitcoin? What about altcoins? Let’s look at them next.
Top 5 altcoin to watch this week!
In my last alpha post I highlighted that the next few months are absolutely critical as I believe they will offer the next major exit window in this cycle. By early 2025, we could even get a market top. Prepare for this possibility from now.
If you want to make money, you have to have exposure to this market. Yes, it is volatile, but with volatility comes opportunity. Remember, you can make money when the market moves in both directions.
Right now, my market bias leans bullish. To get confirmation, Bitcoin has to break from its current range and move above 71k. That’s when new price records become almost certain. That’s also when altcoins will jump up like crazy.
Buying that FOMO will make you a late arrival. Therefore, use this quiet time to place your bets if you’re leaning bullish like me.
Today, I have a new list of five altcoins that should definitely be on your watchlist. One of them just made an all-time high - exciting!
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