Short #Altcoin thread on the recent PA: This 1 won't be like the 1 pinned in my profile (though when I'm not feeling lazy I may do an update to that one). This is a good reminder of some principles during alt up trends and what I think you should be focusing on. $ALTS $BTC $ETH

I realize that things are scary right now with #altcoins all pulling back w. varying degrees. You probably woke up to your portfolio down several % from where it was 2 days ago- I did. What's the environment like right now? Read below.

1) $BTC can always fuck up any #altcoin party. $ETH is doing great right now but if big daddy #Bitcoin moves hard, this is not a Q4 situation where both BTC and alts are moving up hard together IMO. BTC volatility= BAD rn, If BTC goes up to 11k, IMO alts to suffer in short term

2) This was a logical spot for $BTC dominance to bounce at. Altcoins were enjoying huge gains and it was time where #Bitcoin dominance had a slight bounce. I suspected this would happen, just wasn't sure when. Things are still looking good for BTC.D tho, w. a bearish MS.

3) All hope is not lost: $ETHBTC has hit an official higher high (despite pulling back now). Strong $ETH = strong #altcoin market IMO. If this pumps hard in the summer, I expect $ALTS to continue up overall.

4) Many #altcoins are having bullish market structures for the first time in 2 years. 200D EMAs have caught up to price after this great 2017 unwind. Here's $XLM and $STRAT, two dead coins that are having great gains lately.

It's important to understand the bullish MS context- dips are for buying. While BTC volatility could be quite ugly over the next few days, dips should still be for buying. Find some lower targets on your favorite $ALTS and look for those. I'm unsure how far these will dip

but it's still good to look for lower targets. "Everyone's a gangster until it's time to buy the dip" - my friend @inmortalcrypto

Still going to be opportunities here over the next few weeks IMO.

5) What am I trying to say here? I'm saying that I think that #altcoins are actually going to have a summer pump for the first time in 2 yrs. There are going to be times where $BTC fucks it up for a few days/week(s) but overall, I think $ALTS are going to still go higher.

It can be very scary to navigate alts during these times but I'm personally going to just set lower targets and DCA down (within reason). Always save $ to buy the dip here. I actually expect alts to pull back a bit more possibly.

6) My idea of $ALTS pumping in the summer will be invalidated if $ETHBTC goes to hell and makes a LL. I find this unlikely but who knows. Additionally, if $BTC does something insane like run to 14k+, again, I expect alts to die off. Will take it 1 level at a time though.

7) Above all else, remember your principles: Keep your stop losses, understand the environment, always take profits, and always DYOR. Good luck and stay safe out there.