A decreasing correlation IMO is not a good indicator for a rally. In fact, most of the traders don't even pay attention to correlation coefficients. Most of them focus on determining the current market sentiment(which I believe is biased on the site you have linked OP) and news. Even if correlation coefficients go down, I would not swap my altcoin portfolio to bitcoin unless I see it profitable to do so.
Thanks for your reply!
Why do you think the sentiment is biased? Could you please elaborate?
The price seems to follow the evolution of the sentiment score (or the other way around.... who knows): https://enroyd.com/btc_sentiment/
I've been trying to think of a strategy that combines correlation and sentiment... well, and also the price predictions by sites like enroyd or walletinvestor. Not sure if this makes sense....?
