Hello there. As you may know, alt season is about to take place. Usually, as seen by past trends, there is a major correction in the price of bitcoin when the alts explode. When that correction happens, do the prices of the alts also fall before shooting up?
From the way I see it, alt season is divided into two, there are the altcoins that have their seasons at the same time when Bitcoin is having its season, these are the altcoins which have correlation with Bitcoin, and they are closely following the movements that Bitcoin is making and when there is uptrend they go with it, these are mostly the top coins like ETH and Litecoin. Then there are the ones that don’t correlate, these ones lose value because people leave them to buy Bitcoin and top altcoins when there is uptrend, so their seasons come differently.