Bitcoin Target $49,500! What Alts Am I Buying?

Bitcoin Target $49,500! What Alts Am I Buying?

With bitcoin moving back up so fast you can sense the amount of strength in the market. With the recent drop and the structure in the chart we have a target of just under $50k. What to watch for right now is to see if we can retake $40,700. If we miss, this could be a bull trap. I think that’s a low chance, but as a trader we need to watch for every possibility. The giant BTC pump today did take some winds out of the sails in the altcoin market for today, but there are still quite a few coins with great structure. Today I’m listing a handful of coins that I have bought recently just to give you and idea of what I think has a good risk to reward. I do a lot of talking, but I actively trade all of these. Of the roughly 100 coins that I trade, I have a long position in about 20% of them so some of the market looks pretty good right now.

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