Bitcoin cleared 60k convincingly and it made headlines around the globe. As expected, soon after it dropped back to 60k. That’s how it always goes: first grab the attention of the masses, suck in capital from innocent investors, then scare them by hesitating and dropping. Is this a lasting top? How to play the crypto market? Our crypto investing research has the answers to these questions.
In our research we feature multiple BTC charts. That’s because BTC is a leading indicator for the crypto market. It helps understand if and when momentum is bullish vs. bearish, or when crypto is trendless. More importantly, it helps understand rotation within crypto (between crypto segments in altcoin land).
That said, our BTC cycle chart is the one we feature in this article. It is one of the 6 BTC charts we track, all of them with different trends and patterns.
The ongoing cycle is bullish, clearly. There are very clear and concise, also reliable, signs that this is a bullish 3 month cycle. However, bullish cycles also can take a pause.
What’s important during a pause (like the one that started last Thursday after BTC went up for exactly 3 weeks, there you have the magic number 3 again) is to observe what is happening.
What we clearly see is rotation: on every BTC intraday drop we see some altcoins holding up, and on intraday recoveries we see those same altcoins move up strongly. That’s what we call intermarket rotation.
BTC violated its fast rising trendline. This suggests it will slow down, consolidate a bit before it moves higher. But the real opportunities are in a few select altcoins especially now that BTC is slowing down. That’s how we read the BTC chart and ongoing crypto market activity.
We compiled a list of around 10 altcoins that should outperform crypto in this bullish cycle. They were featured in our last crypto alert update, available in premium crypto membership archive. In the last 72h we got a clear confirmation that these coins are leaders, and several of them have been rising strongly as BTC has been dropping from 67k to 60k. It illustrates our ability to thoroughly understand crypto markets, and position for the winners, even when BTC is flat or slightly falling.
