Your Top Crypto Alpha #88
What's the best crypto alpha this week?
For the first time in months, the charts show promise. With Trump declaring a ceasefire with Iran, albeit weak and unlikely to last, there is hope of normalization.
Several altcoins are showing promise after a brutal correction. If you want to get exposure to the market, this may be a good time to consider it for a quick win.
In this update, I’ll share my thoughts on Bitcoin as usual and my top three altcoins I have my eyes on right now. Let’s start!
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Latest Bitcoin Price Forecast
BTC TLDR: Bitcoin is about to attempt a second rally to the 75k resistance. If it manages to break above it, things are going to look bullish for a while with 90k as the next major target.
Bitcoin pumped by $3,000 when Trump announce the ceasefire and painted a nice bullish candle on the daily timeframe. If this weekly candle closes like today, or even better above the 75k resistance, we will have a major rally ahead of us.
This is turning me quite bullish in the short to medium turn. But I need to see confirmation with a clear break above the 75k resistance first. I don’t think we will need to wait long for that to happen if this momentum is sustained.
If Bitcoin can clear 75k, then watch the price rally to 90k next. That will be a major resistance zone until about 100k. Don’t think it will go higher than that on first try. Follow the price, don’t try to predict it.
The market has been begging for a relief rally and we might just get it now. We’re long overdue for one and altcoins also stand to benefit greatly when that happens. More on that next.
My Top 3 Altcoins This Week
If you’re turning bullish like me, it’s time to pay attention and get positioned. I see several charts showing great promise in the altcoin space. My focus is on momentum coins, those alts that can run 50% or more in quick succession.
That’s because you want to get massive gains in a short amount of time since we do not know how long this relief rally will last once it gets going.
Aim to be aggressive in taking profits so that you don’t give back the gains to the market if it decides to turn later on.
I’m also sharing my private invite codes below on this new DEX I’m farming. Best of both worlds - trade alts while farming an airdrop. I wrote more on that in Alpha Post #87. Invites are limited: first come, first served.
Without further comment, let’s dive into some juicy alpha covering my Top 3 Altcoins right now!