I think the retracement has already started. The Btc ticker was on the market list website - people went beserk, the ticker label was taken off, people were now full of doubt, and so we go up and down. Like clockwork indeed.
Alts have hardly moved in comparison to the Btc move, they always seem to be delayed due to the dominance that moves over. A 30x would be very nice indeed.
If people think BTC will move first, they will try to get in on it and then switch back to their alts. Sometimes they are successful, sometimes the markets screw them over.