One of the most common mistakes people make is they myopically look at just a single coin (single alt), and fail to zoom out. Having seen this movie play out in four cycles, here's how it works, and here's what's happened. This shouldn't be controversial, but I see people in DMs and group chats panicking for no reason, rather than buying dips (both RH chain, Stonk Fun, generic pure memes, tech alts, everything) Very simply: 1) BTC impulses up sharply. It's the dawn of a new bull, but super early. 2) Strong new coins identify themselves (RH chain, Stonk Fun) 3) BTC goes sideways to let moving averages catch up, and other early-early/pre-bull growing pains work themselves out. With liquidity capped by BTC (ie, the forever-and-always dictator of the market's direction), alts become rotational 4) Whatever was hot cools off substantially, but.. the market nonetheless has shown its hand 5) Waiting game until BTC reignites, and the 'strong new stuff' goes up, sharply and relentlessly See annotated chart. tldr; look at what ran and hit escape velocity past 4 weeks. dips are for buying.