CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
I wouldn't buy into most altcoins until Total 3 is at least at the .786 retracement but possibly wait until a .886 retracement.

Total 2 has even more room to move down indicating Ethereum is going to have a very bad May.
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.