Typically, we do not see large moves from Bitcoin over weekends and instead just see lower volume and slower price movements until Sunday night (EST). Because of this, and because the market sentiment is very bullish from the recent Bitcoin price action, I am watching for some altcoins to be high performers over the weekend.
Note, this does not mean buy and hold swing trading, this means not holding positions overnight to make sure profits are locked in. My preference for these style of trades are simple resistance breakouts. While these types of trades can often get you burnt with stop losses and things, when used correctly they can be very good, quick trades and I find in these scenarios that their probability of working out is reasonably high.
Typically, we do not see large moves from Bitcoin over weekends and instead just see lower volume and slower price movements until Sunday night (EST). Because of this, and because the market sentiment is very bullish from the recent Bitcoin price action, I am watching for some altcoins to be high performers over the weekend.
Note, this does not mean buy and hold swing trading, this means not holding positions overnight to make sure profits are locked in. My preference for these style of trades are simple resistance breakouts. While these types of trades can often get you burnt with stop losses and things, when used correctly they can be very good, quick trades and I find in these scenarios that their probability of working out is reasonably high.