For a few months, I had far from alt trading although sometimes play with BTC/USDT trading. But due to bull markets I thought should again play with alts since whole alt markets have not yet recovered. Sadly I regret to see alt movements, it's become very hard to understand. Because when a dump happens on Bitcoin price then we encounter an immediate action in major altcoins. Alts just follow the Bitcoin trend. But surprisingly when BTC recovers after a dump, then alts aren't following bitcoin trends but still dumping more. I am not a tech guy, so just follow the trend. But seems the trend also missing lately due to alt behavior. If always happen like that then most likely I will have to lose my portfolio again like last bull in 2017.
Do you have any thoughts on how should trade with alts in this situation?
I thought I was the only one that noticed on what you have observed. My only guess is that the past altcoin holder are way too many than we havr expected. Maybe they did not yet sold their alts to cut loses but instead hodl for a time like these. Where new investors come and they have taken then choose to get out as much as they could. I also think that way, I thought my alts that I bought last 2017 was never coming back to the way it was or gain from them. I was happy to sell them with 80 percent of the original bought price, and I cash it out to start a new.