Time to sell altcoins? Or this will follow
RE: Bitcoin (BTC) Evening Update: $18,424 and then $20,467 Short Term Targets
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Bitcoin (BTC) Evening Update: $18,424 and then $20,467 Short Term Targets
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Altcoins will take off and rise with bTC - Dont go trading them for BTC now
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Pro traders will ride the waves and trade back and forth between BTC and alts. I will probably just go with the bigger trends though and scale back into alts when it is clear BTC has exhausted this bull phase.
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Time to take profits on altcoins was yesterday. Although, it depends on where you bought in.
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Bitcoin has had strong support on the 50 day EMA, and now that it has broken bullish through key support levels, we will likely indeed see Bitcoin take off from here.
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Remember what happened to altcoins last time Bitcoin ripped from $7ks to $20k - altcoins had a long consolidation and accumulation period.
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