Altcoins market update: The altcoins market continues doing great even with this "strong" Bitcoin drop. Overall, this drop is a good development, to release pressure and prepare for the next move/jump.
What does this mean?
We've seen how the altcoins market is maintaining a bullish status. Altcoin after altcoin is exploding up and we are seeing gains in the ranges of 50-100% percentage on a daily basis.
Some altcoins are generating, 100, 200 and even 300%+ in price increase in just a matter of days. After such gains, a correction is expected and it is happening now. Weak hands are being removed; a shake out.
How do I know this is just a small correction/shakeout?
Many altcoins still continue booming today, if we were to continue with a bearish bias we would be seeing all altcoins decreasing and lower highs and lower lows... This is not what is happening.
Today with have STORJ, SBD, OAX, MTH (we have open trades for all these altcoins) and many others doing incredible numbers. TIX for example is up over 100% today... And it continues.
We trade each altcoin according to instructions.
Buy in low, wait and hold... later sell on target.
Pretty easy.
We raise stop loss above buy in level after we start to hit our targets.
Thanks a lot for reading once again.
I love you... Alan Masters here, your friend.
See you later.
Namaste.