Good question. One thing that strikes me but just an observation is when M does a mid-week update he usually speaks in terms of price action, support and resistance and usual TA. Not what I think of as "the system". I keep my spaghetti chart going with all of the coins, and BTC has definitively been near the head of the class the past few weeks. A couple of coins will breakout but not the universe of altcoins. I just took a look at the relationship between TOTAL and TOTAL2, and that might suggest the universe with BTC is moving up more strongly than the universe without BTC.
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