Alts are popping as BTC funds move out of btc into other coins. But I believe the next phase will play out just as it did in previous months. BTC still has not filled the previous low around 42,300$. Alts are moving up in anticipation of the next drop. I expect the moves to be something as follows:
-alts move up to MA (currently happening)
-Btc drops (probably hard and heavy)
-alts drop following btc drop (a good buy opportunity for alts imo)
My personal trade plan is to wait for btc to drop down towards previous low to create a Higher low. This would be my entry point. Not into BTC but into altcoins.
Happy holidays everyone.