I have been watching this market for a long time.
It seems that in the early part of a bull market, Bitcoin goes up faster than altcoins (ie Bitcoin dominance goes up.) In the late part of a bull market, Bitcoin still goes up but altcoins go up even better (ie Bitcoin dominance goes down.)
In a bear market, altcoins fall faster than Bitcoin (ie Bitcoin dominance recovers somewhat but has to wait for the next bull market to go really high.)
So, it would seem the correct play is to buy altcoins at this point, and then convert them into Bitcoin (or sell) when you see the bull market ending?
Any thoughts?
[I used to post as BobK71, and am using a new account after some logistical mixup.]
The past performance can't guarantee future results but if there's a sequence anyone is referring to as their foundation to their next strategy then it's good to use those rather than speculating with no fundamental support.
There are lots of sequences that anyone already noticed during years of monitoring the market.
Now up to us how we looked at the market situation and create a certain strategy for it.