YCC Crypto Alpha #42
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 bets to win in crypto today
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: A big moment is approaching for Bitcoin. The price is stuck in a tight range between 60k and 64k. Whichever level breaks first will decide where this market is headed in the coming months.
A lot of mixed emotions this week as Bitcoin scared the market when it briefly dropped to 58k last Thursday. Luckily, buyers came to the rescue and took the price back above 60k within hours. Since then, Bitcoin has been trending upwards, but the 64k resistance awaits.
The price needs to move above 64k to turn bullish and restore confidence that Bitcoin is ready to finally break from this never-ending range around 60k. The past few attempts were short-lived and sellers quickly turned back the price. For this reason, another rejection at 64k would be a bearish signal.
Be patient here, don’t enter big trades in this range. Let the market lead the way, don’t try to predict it. That quick pump from 58k back to 60k was bullish, but it was not enough. We need bulls to show more strength by breaking 64k.
Until then, there is more action to be had on the altcoin front. Let’s look at my top bets that won in this cycle to date.
Top bets to win in crypto today!
This crypto cycle was quite different than in the past. You really had to pick your bets. There weren’t many winners, and those that won, were concentrated in only a few asset categories.
That’s hard.
With experience you can improve your aim and this newsletter will nudge you in the right direction. For example, in Alpha Post #41 I spoke about Aerodrome. A week later it’s up by 15%. Two other coins in that list are also in profit today while the other two are at breakeven levels. Not bad.
However, what I want to show you in this post is how to pick the winners. Let’s start with the key asset categories that won in this cycle to date.
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