Attention, everyone holding alts, DON'T SLEEP!
This is critical moment for both bitcoin and alts, Bitcoin had a correction recently and it found support near 50 day EMA as it also did that back in November, 2017. This time the critical support was at $12,800. It's trying to bounce back to it's ATH and breaking resistance after resistance from few days. It broke $14,000, $15,900 and now $16,800 resistance. Let's see if it holds good on $17,000 and break the resistance at $17,600.
Trading:
Make sure you exit from most of alts that are near their All-Time-High and only keep those alts having low market cap and more potential so they can out-pace the growth of BTC. It's safe to hold BTC at this critical time. Invest in alts when BTC is near it's ATH because ALTS will be at dip by then. This doesn't apply to all Alt coins. If an alt coins goes up 80% and BTC goes up 30% in a week, then the alt will be up by 50% in it's stoshi value.
You should find out sell and stop-loss limits for your alts so that you don't get rekt in this market.
In my opinion, we will see bitcoin at $20,000 in few days since it's showing signs of bullish trend. Let me know what do you thing in comments below. BTC going to hit $20,000? Or is it coming back to $15,000?
This is critical moment for both bitcoin and alts, Bitcoin had a correction recently and it found support near 50 day EMA as it also did that back in November, 2017. This time the critical support was at $12,800. It's trying to bounce back to it's ATH and breaking resistance after resistance from few days. It broke $14,000, $15,900 and now $16,800 resistance. Let's see if it holds good on $17,000 and break the resistance at $17,600.
Trading:
Make sure you exit from most of alts that are near their All-Time-High and only keep those alts having low market cap and more potential so they can out-pace the growth of BTC. It's safe to hold BTC at this critical time. Invest in alts when BTC is near it's ATH because ALTS will be at dip by then. This doesn't apply to all Alt coins. If an alt coins goes up 80% and BTC goes up 30% in a week, then the alt will be up by 50% in it's stoshi value.
You should find out sell and stop-loss limits for your alts so that you don't get rekt in this market.
In my opinion, we will see bitcoin at $20,000 in few days since it's showing signs of bullish trend. Let me know what do you thing in comments below. BTC going to hit $20,000? Or is it coming back to $15,000?