buy on weakness
Expect Bitcoin rebound to 120+; avoid altcoins
I'm watching into the weekend. I expect Bitcoin to be bought back up to 120+ while most other coins remain where they are.
I'll look for weakness in BTC as a buying opportunity and avoid the weaker altcoins for now.
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Analysis
Near-term bias is bullish for Bitcoin with a likely buyback into the 120+ area; breadth looks weak so the rest of the market may not follow. This suggests a concentrated BTC move rather than a broad r...
Recommendation
Monitor into the weekend and consider buying BTC on dips toward the expected area, while sidelining most altcoins until market breadth improves; use position sizing and stop-losses.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.