Cryptocurrency Price Analysis – week 13 and YTD, 2021
Last week, altcoins continued, if not accelerated, their rally. After a month or so of consolidation, we’re seeing many bullish formations and breakouts. Check our curated charts for examples updated daily (click on curated charts tab).
BTC and ETH were up, and altcoins posted overwhelmingly positive performance among the top 50 coins by market cap (see charts below).
Bitcoin (BTC) and Ethereum (ETH) were up 2.8% and 19.9% (versus prior week’s -2.3% and -4.2%), respectively. BTC was rejected at $60K resistance area, again (3x now), but this Ascending Triangle is still likely to resolve in a bullish breakout. Meanwhile, Ethereum broke through $2K resistance, clearing the way to $2,300-2,500 levels.
During the last two weeks, we posted videos with analyses and trades of THETA, TRX, BNB, XTZ, LINK and SNX breakouts, which have gained 50%, 100%, 10%, 7%, -1% and – 4%. You can view these on our YouTube channel.<
Also, reminder that altFINS came out of Beta and launched subscriptions. There will continue to be a free tier, albeit with limited access. Until April 6th, users can lock in lifetime 15-30% discounts.
Decentralized Finance (DeFi) – Total Value Locked (TVL) made another leap last week to $41.1B, up 22% w/w and 219% YTD.
DeFi cryptocurrency prices were also among solid gainers as total DeFi category market cap increased 13.0% last week and is up 388% YTD (i.e. ~ 5.0x).
Check our unique automated chart pattern recognition for fresh trading ideas. Also, during market corrections, it’s always good to revisit coins in an Uptrend but with a pullback. Our Signals Summary has this and other pre-defined filters ready for action.
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Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice. There are risks associated with investing in cryptocurrencies. Loss of principal is possible.