Alts are doing quite well on the BTC ratio, compared to BTC/USD. I believe it's still alt-bull season and we'll start seeing some real gains once BTC has bottomed out. Right now, since most alts are traded only via the BTC pair it's cumbersome to move in/out for those concerned about the bottom-line fiat value.

I have a feeling we're gonna see some real fireworks on the way up to 20k-25k BTCUSD. That'll be anywhere from 100% to 150% on BTC, but alts are gonna be even more explosive as they climb on the Alt/BTC ratio as well.