Bitcoin’s Reign Holds as Tactical Model Flips to Altcoins - What to Buy Now?
Empowering Traders with Insights
Why This Report Matters
Yesterday we argued that Bitcoin would continue to outperform altcoins as we have argued since January 14 (here) and despite some mini-altcoin rally overnight, we still believe this is the case on a medium term basis. Bitcoin has surged past $100,000, yet retail chatter and FOMO in alt markets remain eerily muted. Venture funding is drying up, and over $4.5 billion in tokens are unlocked monthly, putting pressure on prices. Sure, there can be mini-altcoin rallies, but can they last?
We’d have loved to ride that 20% overnight ETH surge, but no complaints here—we’ve been bullish on BTC ever since it broke the $84,500 trend line (here). But our tactical ‘altcoin’ model is flipping towards an altcoins preference—so if Bitcoin keeps underperforming during the next 24 hours, that will be our signal to enter the (altcoin) rally with disciplined risk management selectively. This update reveals precisely what to monitor. For subscribers seeking the next edge, these insights are critical.
This is how our tactical signal looked yesterday… see below today...