If you're waiting for alt season, this is the chart I'd be watching. It adds up the value of every coin except Bitcoin, Ethereum and USDT, then prices that in Bitcoin. When the line drops, alts are losing ground to Bitcoin. In the last two cycles, alts kept losing ground until this ratio got to around 0.25 (the green box). Then alt season took it to around 1.0 (the red box). This cycle it never got down there. It's at about 0.36. I'm only buying Bitcoin at the moment, so my plan doesn't change. I'd consider alts at the right opportunity, and this is the chart I'm watching for it.
Jake PahorShare
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