Why are the alts down?

As I've mentioned on my previous post, BTC is killing the alts. BTC Dominance has been soaring lately. Meaning traders prefer to buy BTC than that of the alts.

This move is typical when BTC is preparing for a major rally. During the BTC pump, traders take profit and look for good alts that they could invest on. This triggers the start of the alt season.

But hey, don't buy the alts during the alts season. That's a bit too late already. The best time to stack on the alts is right before the alt season comes.

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