Yes, but its too dangerous to enter long positions as BTC doesnt look bullish atm. He could draw a big red candle which would force alts to dump alltogether and trigger all the S-Ls. My advise, wait for the big candle to occur and complete and buy the dip then (alts/btc). Many alts look like they are ready to go.
Look out for the alts which had a strong rebounce after the last red BTC candle...they seem to be the right ones to buy in order to accumulate more bitcoins.
rkothwala
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@russec2, This is a good advice. We should wait for big BTC red candle and watch support level of altcoins. Once BTC is established in a certain area, we should sell altcoins when target is reached and move to another coin.
russec
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completely agree. we have almost the same Chart and targets:
Look out for the alts which had a strong rebounce after the last red BTC candle...they seem to be the right ones to buy in order to accumulate more bitcoins.