Important question for me Haejin - a lot of Your blogs show alts gaining in BTC pair. It's quite consistent in most alts You analyse.
Combined with "something big is coming" topic You created a few days ago. Do You believe something will happen that will make alts stronger in the long run?
I'm asking because alts once again ate most and in many cases all the gains from last week, because of BTC run that's not stopping. When it does stop and correct, they will suffer again.
If BTC tops and starts to correct very slowly, then alts may catch up a bit, but as You said, BTC is in parabollic move upwards and when correction (the big one) comes, it will not be peaceful, but bloody and fast. Alts will get butchered too.
What I wonder is - what's the scenario for population of alts to gain on BTC in mid-term? It shows on charts, but I can't imagine how it can be.
Edit: just need to add - funny thing is most of the alts I observe (BTS, IOP, XVG, CVC and now ADA and ADX) move more or less exactly like You charted :-))) they should move up very soon. The question I ask above is in short words "how on earth they can move up so significantly with BTC behaving like it does". It doesn't seem possible for BTC to calm down and stop moving for a few months, not in it's parabollic state. Very interesting times.
Thinking out loud - maybe the products ICOs promised to create will start popping out and we're on the verge of shift in thinking about alts. Now most of them are perceived like purely speculative assets or how I like to call them "weaker and clearly sick children of BTC". If they will, one by one start proving they're valid, prospective businesses, they may as a group become less dependent on BTC.
But I don't see this yet. It will come, but I don't think it's the time.
News or evenst shall arrive to justify the forecast...I just don't know the details of the news or events...that requires a crystal ball.
If it was only crystal ball, I would gladly buy You one. And not some cheap ebay one, but a vintage real thing. Unfortunately it would also require one to have some magical powers...
Hm, maybe You are a mage?! It would explain a lot.
Ok, off to buying You a crystal ball then. When at it, I'll buy myself pair of steel balls for altcoin market drops like today ;-D