Just because $BTC is pumping, doesn't mean alts will follow.
In fact, most of the time, Bitcoin pumps first and leaves altcoins behind. Only when alts have bled enough, they finally catch up, and by that time, most people have already cut their losses.
You can see this clearly in the BTC vs $ENA chart, which I use as a proxy for altcoins.
Not only did ENA fail to form a higher high like BTC, it actually dumped 4x harder.
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Always be a bit more patient with altcoins.
Just because $BTC is pumping, doesn't mean alts will follow.
In fact, most of the time, Bitcoin pumps first and leaves altcoins behind. Only when alts have bled enough, they finally catch up, and by that time, most people have already cut their losses.
You can see this clearly in the BTC vs $ENA chart, which I use as a proxy for altcoins.
Not only did ENA fail to form a higher high like BTC, it actually dumped 4x harder.