Your Top Crypto Alpha #71
What's the best crypto alpha this week?
These posts are your gateway to our exclusive market alpha, top coins to watch, and latest technical analysis. They also keep our YCC Patrons ahead of the curve.
Here is this week’s curated alpha:
Latest Bitcoin price forecast
Altcoins season is back - top altcoins to watch!
Market tips of the week
Latest Bitcoin price forecast
TLDR: Bitcoin is keen to move higher as the market heats up. Ethereum already broke above $4,000 which is a major signal for buyers to increase their risk appetite.
Bitcoin’s price action was nearly perfect in the past few weeks. It broke above the blue triangle, pulled back exactly to $112k where the breakout happened, and now appears ready for new highs.
In my previous alpha post, I stressed that $112k is an excellent entry opportunity if you missed getting BTC under $100k. Anyone that got in during the re-test is already in profit. New highs are likely from here.
It’s important to note that Ethereum is currently outperforming Bitcoin as it touched $4,200 in the past 24h. The much awaited altcoin season could be coming, especially across the Ethereum ecosystem.
If you’re looking to make good money, it’s time to pay attention! The last time Ethereum flew above $4,200 was in 2021! Therefore, such opportunities don’t come often. Let’s dive into that next.
Altcoin season is back - top altcoins to watch!
Before talking about today’s top altcoins, let’s have a look at last week’s selection. Back then, I recommended two meme coins. Here’s how they performed:
PUMP, up 40%
RAT Escape, up 20%
The other two altcoins I covered went up by 5% and 12%. As you can see, you only need conviction in this market to print.
For example, going long on PUMP with low leverage (2x) resulted in a +50% profit within a week. Some of our Patrons reported similar profits on the same trade.
In this edition, I will focus on Ethereum and its ecosystem. The reason is quite straightforward. ETH has been outperforming Bitcoin as I mentioned earlier. Here’s the chart for that.
If you studied my guide on reversal patterns, you notice that ETH is forming a clear V reversal. That strong impulse down is now met with an equally strong impulse up once the bottom was formed.
I believe we’re about halfway into this rally. Therefore, there’s plenty of time left to make money.
Risk is ON!
Next, let’s look at my top selection in the Ethereum ecosystem.
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