This is a request from one of my friends...
He needs to know, the ALTS price is law at the moment. Even short term profitable coins.
Is this the time to buy them & Hold for month or two & take profits? Intends to buy & Hold
take profit.
Any suggestion experts pls?
This does not need much expert suggestion. The alts have bled enough and even if they would have to bleed a little bit more, it won't be that huge, so your friend can go ahead to buy them as they are pretty much in a very good buying state right now. Also, he should be careful the kind of coin he buys as some altcoins are shitty and unless he is willing to hold that coin for long, then he should not even bother.
buy alts and hold - but keep an eye on them for the next week, as I expect they will continue to drop as BTC goes up
That is very possible if Bitcoin keeps going up, although most of them will get pumped a little and then start experiencing the same level of dump again with bitcoin soaring. It is a norm and it is better to get as much quick profit one can get from them without being too greedy in case such scenario occurs or just stick to the charts for any strange movement.