BitcoinUpdated -Altcoins trading- BTC analysis
Hi,
I've been very cautious in the last few days about trading alts as BTC is still bloodthirsty.
What I think will happen next :
1/ small dump on the 5250 support
2/ big pump over the 6200 resistance
The first phase (dump) implicates that alts wont like it at all. The second will also be painful for alts, be healthier, as it will be followed by a refreshing bullrun. So I will hold off alts until things are a little less scary.
Be safe.
I've been very cautious in the last few days about trading alts as BTC is still bloodthirsty.
What I think will happen next :
1/ small dump on the 5250 support
2/ big pump over the 6200 resistance
The first phase (dump) implicates that alts wont like it at all. The second will also be painful for alts, be healthier, as it will be followed by a refreshing bullrun. So I will hold off alts until things are a little less scary.
Be safe.
Note
1/ Small dump achieved. Even tho BTC went lower than expected and broke the 5200 support.Let's see if phase 2/ goes as expected
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