I've been staying away from alt coins for the main reason that everything has been on a downtrend. Now, it may be too soon to start getting in alts, but I held my lisk & rebought OMG on the break out, both were good trades. I feel like I can start making posts about alts again. I don't think the correction for BTC
is over yet, bare that in mind, we could see verge go down in USD dollar, BUT BTC
is very close to a level where we might start seeing up and only up. Only time will tell. Now lets talk about verge. I got in at 740 satoshi when It retested it's resistance line about an hour ago. I am waiting for a pull another back before buying more, or a break above the .236. fib. Verge broke it's red downtrend line, and is now trading above the 20 SMA
. It is trading over it's bollinger bands
. I expect a pullback sometime soon. The MACD
looks good. I like to think of markets in 4 stages. I believe we are transitioning from stage 1 to stage 2. Remember, BTC
is not out of it's bear trend yet, investing in alts is risky. Keep a close eye on them.