Most people are still not aware that alts vs btc are dead now. Because the breakdown is slow.
AND STILL... I'd hold my high conviction alts... because the cost of missing out, if I'm wrong, is too high. Because if no breakdown, then bull run.
I believe they are breaking down. I am not betting on anything but stuff I would hate to be without in event of run.
Other than that, I plan on reentering a bit later.
Again, doomsday story, and one time I'll be wrong, and that one time you'll be laughing at me, however, in the meantime, for those who laughed last couple of times, their portfolios would be much better if they at least considered that Mr Love is right.
Now, I want alt run as much as you do, but so far it looks to me, it's heading to correction.
Flip side: before most movee of big impact, there is a nice, very convincing fake move and 'confirmations'. This one I don't think it's the case, but as a smart trader, you must take it into account as well.
Cheers!
UIC
At the end of this week, I'll be able to give you a confirmation #2. Confirmation #3 will likely be late or deep into the move (either side), but will come the following week. Confirmation #2 is in 70%+ cases enough. Sharing with a brother!
