CRYPTO NEWS : ALTs Are Back? - MarketCap Update 22 04 2018

ALTs Holding Up - MarketCap Update

If you’ve been following Twitter the last few days it certaintly seems that way. If you’ve been following us, however, then you know that ALTs have been back for the last month when we began accumulating our favorites between $280bn-$250bn marketcap

Now as the total market cap of the cryptosphere approaches $400bn, people are finally growing more and more bullish.

With that said, make sure your expectations are realistic. It is highly unlikely that we see another parabolic run to $800bn in a matter of weeks. Also remember that there are A LOT of bag holders out there. Bagholders that might start selling off when they finally see some green - especially in the event of a correction.

The way we’re playing the market right now is pretty straight forward. We’re limiting short term trades and working on accumulating a solid list of coins that we don’t intend on selling for a while.

The biggest mistake new traders/investors in the space tend to make is they overtrade. We’re not interesting in selling for 30% gains on the awesome entries we got, you shouldn’t be either.

#Bitcoin keeps knocking on the door of the .236 FIB Retracement level as you’ll see below. If we see a cool off and a retracement we have buy orders set right at the previous downtrend. Another test of the .236, however, could very well push BTC into the cloud and from there the .382 level is a very attractive target