Said about Bitcoin, it is now time to look at alts, as the dominance is struggling to get further away from the 62-63 level. However, the restest of those levels is absolutely normal and I expect a resume of the alt uptrend soon to the same level as per last related idea (linked below). Nothing changed.
Yes, but which coins? This is only a general overlook and I will present the best picks for the following week/weeks one by one in the next ideas. However, another thing to notice is the apparent slow "death" of old style coins, still in the top positions but slowly and almost unnoticingly sneaking out from the top 10-20 positions. We are witnessing a shift in paradigm that is here to stay in my opinion.
This is very clear from the two chart below, showing the index of Top 10 alts versus Shitcoins and DeFi tokens. At the current moment, would you buy a static and uniteresting copy of another coin as BCH or EOS or you would rather buy a dynamic and interest catalyst coin as YFI, even in a long term perspective and not only based on the current DeFi crazy trend?
old alts
lowcap alts
newgen alts
those index on ftx are simply amazing, check my status if you want to get good conditions