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
Five Opportunities After the Big Crash!
Market tips of the week
Latest Bitcoin price forecast
TLDR: Every time Bitcoin makes an ATH, the price corrects soon after. If Bitcoin can stay above $110k, expect new highs later.
Since our last update, Bitcoin went to $125k to make a new record. That did not last and its price fell by 12%. In parallel, altcoins literally went to zero in a massive crash started by Binance. I wrote more on that here.
Bitcoin remains bullish on the above chart using the monthly timeframe. However, time is running out and the price needs to sustain new highs. We’ve had four months of flat price action that did not allow the price to stay above $120k.
By November, the price has to make new highs and turn $120k into support. Any delay beyond that may put in danger the current uptrend. We don’t want the price to break under that trendline or bears may smell an opportunity.
Should bulls return soon, Bitcoin can rally and top anywhere between 150k and 200k. Time will tell. Until then, let’s talk altcoins. Lots of action there lately.
Five Opportunities After the Big Crash!
Last Friday, during the height of the altcoin crash, you had a few minutes where you could have bought any altcoin at 70% discount or literally zero. ATOM traded at $0.001 for a few seconds, HYPE went down to $20, Doge to 10 cents, Aster to $1.1, XPL to 25 cents. Even XRP dropped to $1.3.
If you were fast, you could have doubled your money in minutes. Unfortunately, I was sleeping during that period. Such moments of massive market dislocation are rare, but when they come, buy the panic. XRP as an example below.
On the other end of the spectrum, anyone that was long on altcoins, was liquidated. This hit hard many traders and Binance is getting a lot of heat because of it.
Now that the crash is behind us, we can scout for opportunities that were not there before. Below are the top five altcoins I have my eyes on right now. Also make sure to check my last Alpha Post. There are a lot of opportunities to join public sales or airdrops at the end of this year. Don’t miss those either!
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