Post
Topic
Board Speculation (Altcoins)
Re: Ethereum Price Action in relation to Bitcoin
by
Pelunize12
on 15/10/2019, 19:53:11 UTC
You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.
if your mean is BTC pair, then it's right. but if your mean is USD pair then it's wrong
USD pair has straight correlation with bitcoin, when bitcoin up alts up, vice viersa
that's why many trader take advantage to trade USD pair when BTC pump