Good Altcoin vs Bad(?) altcoin

We didn't expect this to happen. right. the tumbledown, the collapse of altcoins.

BTC's dominance went as high as 48%, and now 47%. it is on its highest peak, when people say 42~43% is enough for the market.
investor's think bitcoin is the safest bet. now, when BTC is pretty high priced, compared to 5.7, 6k areas altcoins are dying.

at the hype of the bull run altcoin's couldn't gain like 50%, 100%, 200% which was easy in the past. it pretty much gained 30, 40% percent this turn, but lost more on btc's dump! so when traders now say "btc is going to 5k", altcoins will be DEAD. not only it goes back to 2017 November, October price, it may even retrace further even before we knew this market exist.

am i exaggerating? well, for now yes. but also possible. anything is possible in this world we all know.

BTC's bear and bullrun has shaped every altcoins resistance and supports in the past. but now, as BTC's dominance so high, we could differentiate what a good altcoin is, bad altcoin is!

below is GNT's chart.

GNT for example. the price is even lower than last year when btc was at lower level's than now! last april was the low point this year, but it reached it today. GNT's pumping is really alluring, it goes up real high. however, when btc's downtrend starts, it never stops to drop. low market cap, 'manipulated coin for pumping' reveals its fundamentals. NOT that GNT's future is not promising, but the past years have shown its strength against BTC for a fact.

what about SIA?
SIA is even weaker than GNT, which went right back to 2017's low. In 2017, Sia broke down below 100 sat's which went 40~50 sats and rebounded in dec. 3 whole month of boring consolidation! So many traders are saying MACD is bottomed, RSI is bottomed..but it just would not run! All because of BTC, but it also matter's with investor's expectation on SIA, and its fundamentals, and ongoing projects which is in its early stage.

On the other side, what about Stellar?

Stellar also had difficulties with BTC dominance, but! it made a pretty good run. when so many coin has reached double bottom or even lower, Stellar is in a 'healthy retracement phase', which will lead to 2900/2400 sats or little lower. the real bottom in 2017 can come when BTC would go to 5k or below for now.

these cases proves that not all altcoin's are losing strength at these times. Some good coins with good news, updates, expectations, and solid fundamentals ABSOLUTELY SURVIVE. now is not a time to buy any alt coins because its low has been reached! when its historical low is broken, it loses momentum, with no support at all.

BTC's retracement/consolidation has only begun, and expectations for 'powerful BTC' will go on for a while. now is the time to study, work on what good altcoin's are, what would survive in BTC dominance(not that i invest in stellar, i hold nothing at all) in the coming years. That insight and perspective would only win your money no doubt.