The situation is serious. To sell in short and buy in long is dangerous. So far, we refrain from bidding. We see in all this manipulation from the outside. The price behaves aggressively and breaks level by level. It is better to wait for everything to cease and the price will indicate a minimum.
I believe it is a dead cat bounce and we will continue downward towards the 61.8% fib level around the previous top at $4800. Although, this could possibly be the top of a long term wave as per the elliot wave theory, in which case I believe this retracement will go very deep.
What do you think? I am holding ALTS.
Until we consider the scenario with a price failure below 5400.
We do not trade in alts. For us they are roulette. We can not advise anything.