$BTC.D ALTS ALTCOINS ALTSEASON
Seems to be a LOT of myths & just plain bad info out there as to how tracks vs BTC. There is no linear correlation, far from it. For ex., when $BTC tracks down:
ALTS trend FLAT 48% of the time
ALTS correlate to BTC down waves only 38% of time
ALTS actually move UP 14% of the time.
I think the issue is PERCEPTION - because if a BTC down move is SUSTAINED, ALTS get crushed. Of all the possible correlations/diversions pairing (down/flat, up/up, flat/up, etc) you have to look at WHERE WE ARE in the cycle. Past cycles have included sustained down-trends resulting in Alts complete carnage. HERE'S THE THING: I DO NO expect BTC to experience a sustained bear mkt EVER AGAIN. Yes, steep corrections but nothing sustained.
#BTC.D #BTC