I am confused among these, cauze people says
1. Btc pump then alts dump
2. Alts pump then btc dump
3. Both btc and alts follow each other
But we can see that only the 3rd scenario is happening right now i.e alts are following btc.
What's about the 1st and 2nd.
(Actually I am a newbie in trading)
I agree with your 1st statement. When BTC pumps, it also pumps altcoin. However, I could not agree with your 2nd statement. I have seen some specific Alts pumps but not much effect on BTC. However, if BTC moves, it has an effect on Alts.
This is because BTC is the major pair of all altcoins, you could say the reference of the price that occurs in altcoins, one of which is because of bitcoin.
However, it also cannot be made absolutely certain, because each altcoin also has its own project and prospect so that comparison with bitcoin can indeed be a reference, but not everything will also refer to the movement of bitcoin.