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Alfonso’s Daily Note

Getting Exposure to Crypto Miners

October 29, 2024

Bitcoin is flirting with a historic breakout, sitting just a few bucks shy of fresh all-time highs.

Everywhere I look, I’m seeing the perfect setup for a new leg higher from crypto.

Risk appetite is heating up across the board, and the strongest tokens are leaving the station. 

We have a wide-variety of vehicles to choose from to play this bullish thesis.

Whether you look at Bitcoin, Dogecoin, or the crypto miners, they are all offering asymmetrical risk vs reward opportunities.

And if we're talking about catch-up trades, Marathon Digital Holdings $MARA is the one to watch.

Alfonso’s Daily Note

Crypto’s Next Bull Run

October 28, 2024

Bitcoin is on the verge of resolving higher from a massive consolidation phase.

This isn’t just a short-term consolidation; it’s one of those bases that typically marks the beginning or onset of a fresh bull market. 

These are the periods where we see altcoins multiplying, meme coins surging, and laser eyes all over the internet.

We’ve witnessed this before, and I believe we’re on the cusp of experiencing it again.

It’s also worth noting that these bullish instances have clustered around the holiday season in the past. We’re there now.

It’s all set up so perfectly for another crypto Christmas.

Take a moment to review previous cycles, and you will see just what I mean.

Here’s a zoomed out look at Bitcoin, effectively absorbing all the overhead supply at the upper bounds of the range.