I think it's the start of more bearish action and probably a downward slide with some bumps of people who believe they have caught the new bottom. The actual bottom will show itself after a few months I believe, when we touch down on it for the second or third time. Plenty of time to wait and no reason to go rushing in to buy now IMO
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when that time comes do you think its a good strategy to sell your alts to jump the bitcoin wagon or not?
The time to sell was long ago. Selling now is risky since you do not know the bottom. Selling alts, I wouldn't dare to say. Normally if BTC drops they drop further, but this ratio has been lessening compared to the past. Truthfully, if you were going to hodl the best would have been to be totally in BTC for a while now.
That being said, I am still more than 50% in alts too. I am riding it out, but I am expecting significant losses still