BITCOIN - BTC Strength and Alt Weakness = Incoming Pump
The weakness in the alt market after BTC's jump the other day makes me think BTC is priming itself for a final wave 5 pump to the top of the channel. I'm going to set a target price of ~$9300, but think we could hit resistance anywhere above $9,000. I think that will be a good area to exit if you are moving into USD. I will also have my buy orders ready for some exhausted alt selloffs ready to quickly rebound. If BTC takes off, be prepared for a strong alt selloff so make sure you're in BTC for the ride up.
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