Altcoins are following bitcoin, that's why they are bleeding. If bitcoin continue to fall, altcoins are going to follow it as people and bots are trading them like bitcoin.
If bitcoin price is stable, altcoins have a chance to recover.
Flipped from your says above that the worst situations for altcoins sometimes when bitcoin price can be bounce back but some of altcoins never can do that and gradually dropped to the deep so it's difficult to the traders to get decent profit from altcoin