I thought I should quickly talk about alt coins to let you know that a few alts are now coming to a point of a huge downtrend or huge uptrend.
I'm just using NEO as an example, but I am seeing a pattern form across major altcoins, typically I am seeing that there is a triangle/wedge formation.
So what the hell do we do? I never enter a trade without confirmation. There is huge confluence with BTC rising and alts continuing to fall. This will either reverse or alts will fall even harder! If I see a reversal over the next few days, I will be looking at switching BTC for some alts to further diversify my portfolio. Or if a downtrend begins, I will look at further strengthening my BTC position.
PLEASE LEAVE A COMMENT BELOW TO LET ME KNOW IF YOU THINK ALTS WILL START TO BLAST TO THE MOON OR CRUSH INTO THE EARTHS CRUST!!!
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