Small update: alts are bouncing around against their long term support and resistance levels. TRX, XRP, and NANO are the strongest looking alts at the moment, as all three have actually held their supports versus Bitcoin for months now. XRP and TRX are actually higher than they were on the ratio since the market-wide crash. NANO is sitting at $1 support, well above its August low of $0.75. Some other alts have dropped to new lows, like ENG, WTC, and NEO. I figured this would happen (you can read my other posts to see why). XRP is still holding 8700, but if it drops below, we'll be retesting some lower supports.
The most concerning thing about the market is that Bitcoin has failed to retake the broken log trend line (so far). We got perfectly rejected at that line during the highs of this past week. This is significantly bearish. At this point, it seems more likely that another capitulation event should happen before we truly reverse. Where that occurs is anyone's guess, but I have a small amount of extra fiat that I'm only willing to put in if this happens. I'm looking at the $2500-2900 area for Bitcoin, 10 cents for XRP, and 5 cents for XLM. I'm not really looking to trade at this point, since it takes up too much of my time. Just looking at long term investing, and it would be nice to be able to enter a final position on one last big selloff.