In "Alt Coins: Patience Pays, "Analyst Josh explains that after the recent Fed rate cut, Bitcoin remains the stronger option over altcoins.
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He notes that Bitcoin dominance is high, and technical signals for most altcoins are still bearish, with charts below key indicators like the cloud and moving averages.
Patience is crucial, Josh says, as altcoins may not show recovery for another 3-6 months. Until clearer signals like chart reversals or breakouts appear, Bitcoin is likely to outperform. While a few altcoins, like FTM and SOI, show potential, the majority remain weak.
Josh advises waiting for stronger market signals before investing in altcoins, emphasizing that patience will pay off. He encourages relying on technical indicators for better timing and decision-making in the altcoin market.
