Bitcoin reached already Resistance at 11.6k and failed for now. Can we predict an Altcoin recovery as soon as bitcoin corrects to 10k ? oR do altcoins recover first if bitcoin is stabilized?
I actually do not know if i should hold btc or buying cheap alts or waiting till alts start to recover.
i would appreciate an experienced answer.
There is no way for anyone to know when the bleeding will stop as it is practically impossible for anyone to predict where the price of the coins will go. Hold your bitcoins and the altcoins that you have and if you have the money to spare then it is a good idea for you to buy some more altcoins now that the prices are down and hold them for the long term.