Thesis: during the bear market and until significant price momentum builds to bring new participants into the market, alts will primarily be used by whales as a method by which to manufacture BTC for the next bull run. In so doing, they will have to move funds between high caps in cycles in order to do so, because not enough new money will be entering the market to fuel a market-wide uptrend. Thus, determining which coins have exhausted their runs and which coins are next in the cycle should be very advantageous to those looking to stack BTC during this reset period. To that end, I've normalized each coin in the current top-12 in marketcap to their late 2017 and early 2018 highs, adjusting BTC by its USD high at the time and adjusting all altcoins by their BTC ratio high in the relevant period. I have no idea if this chart will bear any fruit, but at the moment it appears to be saying that BNB is due to cool off and ADA is overdue for a large pump and return to the "mean" that all these coins are theoretically tracking.
Comment:
Link to companion idea vs. USD ATHs:
