Benjamin explain very well bitcoin and altcoin relationship.. and your chart accurate and it can move further as you told in video
But but, In this chart you mention alts/btc ratio , not price (alts/usdt)...
it means if you hold BTC or other high cap like BNB/TRX/ETH , it became better option than alts and its true.
but at this stage, we can see that others/alts mcap can go up on each cycle despite of alts/btc ratio going down. It means alts price can move upside from here, it happen if btc jump very quickly towards $125k , we may see jump in alts but alts/btc pair drop.
so if you are a only alts/usdt trader, you have to pay higher price after 1-2 month despite of alts/btc pair down.
in short, it good strategy if any one hold bitcoin only. But if you are only alts/usdt trader, it good to pick alts here, no matter alts/btc pair go down.
But but, In this chart you mention alts/btc ratio , not price (alts/usdt)...
it means if you hold BTC or other high cap like BNB/TRX/ETH , it became better option than alts and its true.
but at this stage, we can see that others/alts mcap can go up on each cycle despite of alts/btc ratio going down. It means alts price can move upside from here, it happen if btc jump very quickly towards $125k , we may see jump in alts but alts/btc pair drop.
so if you are a only alts/usdt trader, you have to pay higher price after 1-2 month despite of alts/btc pair down.
in short, it good strategy if any one hold bitcoin only. But if you are only alts/usdt trader, it good to pick alts here, no matter alts/btc pair go down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.