Are you buying or trading the alt coins?

If you have been in alt coins for any amount of time you will have noticed the volume is exploding in transactions. Just yesterday the exchanges were getting hit so hard it was taking more than 5x normal the amount of time to transfer bitcoin to anywhere. I trade on poloniex and it was simply unusable yesterday till late afternoon. You couldn't buy or sell as things were so locked up. Other platforms didn't have the same issues Poloniex had but the entire BTC blockchain was suffering yesterday as I transferred things around trying to find a place to trade XPR and STR.

When things calm down Trading these altcoins is probably much easier than trading stock if you know technical charting. If you do not then stick by these basic rules, If you simply put the 8 & 34 EMA with the 200 SMA lines as well as the fib levels on your polo charts....you can trade the crap out of almost all of the majors.....very technical trading.

When the 8 and 34 cross on whatever time frame you're wanting to trade and the the 200 SMA average is either above these two others if you're going short or below if you're going long, you know you can make a trade. The trick if you plan on holding these for more than a few hours is to look at least at the 15 minute time frame preferably longer. If those technicals line up like I just mentioned you can make a trade.

Hint if you are going long and the 8 is above the 34 and they both are above the 200 and the fibs charts shows riding or breaking above the .618 go long and ride it up to the 100%. This works opposite as well. Fib support usually will hold on the way down at support of 50% as well so you can look for a bounce off this line.

Good luck and Good trading!