Have you missed the Alts Season too?

Last night my mood was ruined when it was brought to my attention by a trusted TA (can't share his website link publicly due to TradingView rules), that the market is being flooded with supply of many Alts. It can be clearly shown in November. Alts Total Market Cap maintained its ATH in November, while most Alts plunged and far from their ATHs. Have a look at the supply being released from XRP and EOS for example. More than 20% of the total supply have been dumped in the market. The Total Market Cap was maintained while the prices took a hard dip.

In this chart, Total Market Cap 3 (translates to Total Market Cap excluding BTC & ETH) we are today above both ATHs of May & August, yet most Alts are 50% down from these months highs. (Got the point?)

So where does this leave us?
1) Deflationary Alts enjoyed an Alts Season while inflationary ones sat down this run... for now.
2) The TMC3 (Total Market Cap 3) still has room to go up before reaching the 4.236 extension. So the Alts Season is NOT over... yet.
3) Rotation between the Alts that pumped and the Alts that did not is yet to take place.
4) Lastly, do NOT expect your inflationary bag to reach its preset goals on FIB levels. instead, recalibrate your targets based on its new Total Market Cap.