Is it altcoin season yet? No.

Think the alts market still has a lot of pain to suffer through.

This formula takes a look at the geometric mean of a few high volume coins (Ethereum, Ripple, Binance) vs the BTC buying power of Tether. In general: this looks very bearish to me. Price might go up to touch the Kijun, but there's not nearly enough volume for this to be another huge run. If anything, looks like possible distribution to me.