Time For Altcoins

Sponsored by

This issue will be packed with lots to cover. You’ll want to read this one.

We will reveal to our premium subscribers a proprietary metric for analyzing the state of altcoins/memecoins with a 94% hit rate.

Upgrade to premium to access it if you want to lock in any gains you have received so far.

Market Overview:

Bitcoin is back above ATHs while institutional buyers and long-term holders are selling and/or remaining neutral.

This suggests retail is back and so we expect major altcoin performance.

Our overall thesis, however, remains unchanged. We expect a long period of consolidation over the coming 1-2 months, with a slight bias to the downside.

Remember that consolidation on higher timeframes also includes going back up to ATHs and then back down. So going up to $75K or even to $80K would not be surprising.

It is very unlikely, though, that this is the start of a new parabolic uptrend.

• We stated last week that this is a market environment that is unpredictable and the only way to weather the storm is to sit with spot and do nothing.

• Our non-bullish bias is just an expectation and we are still max long in our holdings because trying to trade this environment will prove to be brutal.

As for the state of altcoins, we still believe alts are due for another pump before going down. However, this might change at any point. Upgrade to see our full take on it below.

Notice how our analysis does not mention ETF flows. We have long stated that ETF flows are a two-way door and that nothing has fundamentally changed now that we have ETFs.

• ETF flows were negative for everyday in the past week, which shows that if the fundamental drivers of Bitcoin are not bullish, the ETF flows won’t be bullish. ETFs are just another vehicle through which you buy Bitcoin.

And now a word from our sponsor before we go on into the full analysis.

Missed out on Ring and Nest? Don’t let RYSE slip away!

Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened. 

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.

Secure your stake before the offer closes.

Subscribe to Premium to read the rest.