I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?
No one can exactly predict the crypto market. With decades of research and expertise on stock market yet it don't follow the analytic rules, in comparison crypto market is fairly new and even though we have had a rising market for almost all of popular coins including bitcoin and altcoins, there are no certainty that it would follow. The last bull could be the peak for decades to come or we might create a new all time high 2x the last one, no one knows for sure. When investing, it's generally better to look for lows and highs, resistance and support, at the moment, the market feels like it is going above the support level, it could be a good time to buy alts that are closer to the support level than that which are testing the resistance.