Topic: BTC&ALTS price direct proportional? (Read 568 times)

Bitcoin and altcoins are correlated but they do not move in perfect synchrony this allows you to exploit the differences in those movements and earn bitcoin, altcoins or fiat.

It is very easy to see this in the charts, look at how a coin is moving compared to bitcoin and you will see there are long periods of time in which the coin remains static, this means bitcoin and that altcoin are moving in a similar way, but then there are instances when the price begins to go up or down which means the altcoin is growing or crashing faster than bitcoin.

not always directly proportional. because when bitcoin goes up, usually altcoin is red. You can see it for yourself, when bitcoin is pumped all altcoin has decreased. so almost never both of them go up together. there will definitely be a pause, every time there is a pump on the market. either the silent bitcoin, or the red altcoin first.

Altseason will come but who knows when, need to analyze and read the history of bitcoin and altseason before. Which is a sign of the coming of the altseason is the dominance of the weakening bitcoin. When bitcoin dominance goes down then it's time for altcoin recovery prices and rises to a few percent. But for now altcoin is still at risk and bitcoin prices have not been stable.

Give your time to learn about trading if you have an interest to predict your altcoin. There are a lot of strategy which I can say it is a tool to predict it, weather it is technical analyst or fundamental analyst, you can use them according to your need.

But for me, I use both of tool depend on my strategy such as if choose long term investment then I'll choose fundamental analyst as a tool but when I choose shorr term investment then I'll choose technical analyst to predict it. Perhaps it can help you, although there is not tool which can be accurate but at least you have a knowledge.

I came to think that also since I wonder how people call the alt season where we don't know if there's really is and when it comes and the reality there is when Bitcoin pumps the altcoin also pump up since  bitcoins create a massive effect with all crypto, and actually we can see the proof for the rise on history chart.

And the one bothering me really today is the question that what would really happen on year 2020 does Bitcoin will go up or go down.

When we were on a bull market, BTC rose, altcoins fall and reversed. On a bearish market the same thing was happening till 2017. After the bullrun BTC is the only king and the only supported crypto asset by big investors.

according to my experience while being here. bitcoin is a trigger for big pumps. Before altcoin was as popular as it is today, there was no term altcoin season or whatever. so I don't really agree with this term actually. but despite all that, what I know is bitcoin and altcoin are not always directly proportional. just like now when bitcoin has increased, altcoin has no positive impact. but it's the only thing that will definitely be a time when everything rises. so it doesn't matter if bitcoin or altcoin go up first, because in the end it will trigger a pump for the crypto market.

2017 been the basis of others that if BTC arises , alts will do too. While it is correct sometimes since some alts also gain momentum when BTC increases but it differs as prices depends on what alt and what development or hype that specific project will create. Reading graphs and news really helps since some holders just buy or do trading when the price is commonly high to sell it and buy other alts, while other just simply convert it to fiat.

Take a look at this: https://coinmarketcap.com/historical/20180107/

You can read about altcoin season here: https://coinmixed.eu/altcoin-season/

Check out coinmarketcap to track the coins.

it must be clear about what time frame we use, because different time frame will be different result too.
you can see at the binance research, it gives the clear research about what you asking for :


sc Binance research

Depending on where you got in exactly, you have only experienced the bear markets on alts. Altseason is when you are making more money with almost any high marketcap alts investments then with your bitcoin. And from the experience i will say that you will experience that too sooner or later. Probably later though, but naturally there will be alts in the altseason too that are not included in the bullmarket, but LOT of them are in the green at the same period of time for a longer timeframes then you have experienced in last 2 years.

no one can know the movement of bitcoin prices because everything just happens nobody can predict when prices can go up it's just a little people can know the movements of rising and falling prices of bitcoin, you can remember when prices fall then one day prices will rise again, so only that is all that can be predicted by the people.

I also didn't understand what is altseason, i have 2 years experience in cryptocurrency and as i know alts have different time when the price up. All alts price going up only if btc price going up because of the pair is up. So i think altseason is not exist because alts is so many and have different time to price up.
And I'm using blockfolio to track my coins, great apps

There is no specific pattern I guess. Just observe how the market goes, when bitcoin price starts pumping, altcoin price drops. This is because people sell their alts to take advantage of the bitcoin price hype. When the bitcoin price stabilizes people buy back some of their altcoins.

to find the answer to your question you should first ask why people buy altcoins? the answer is for almost all cases is to increase the amount of bitcoin they have. that is why when asked "what is the way to earn bitcoin" everyone suggests trading altcoins.

this means that in the end everyone is only interested in bitcoin and will always come back to it. this is also provable by looking at the market during bitcoin fluctuations.
in practice whenever bitcoin price is stable, that means traders can no longer make that huge profit they wish for from trading bitcoin so they move to altcoins and pump and dump them to make profit while bitcoin stays stable.
so as soon as bitcoin stopped being stable and moved up or down, they all dump their altcoins and move their funds back to bitcoin market.

and that is the correlation between bitcoin price and altcoin prices:
bitcoin up or down = altcoins down
bitcoin stable = altcoins pump

The altcoin speculation this year has not come as expected, analyst on altcoins had gone out of job we only wait for bitcoin to get over the previous ATH. Even exchanges that went as far as getting them IEO to get listed had struggled to keep them above the IEO price, maybe no one is pumping and everyone had concluded that bitcoin is irreplaceable and indomitable. It is now difficult to sell at an average of -95% loss, so we just have to wait if they are not scam.

There is no special pattern for this analysis, altcoin value increases when btc price rise regardless of the actual trading value in satoshi.

50 satoshi at  $ 10,000 btc value will increase in usd value when btc hits  $ 20k.

That is the logic behind it.

Absolutely not.

It can only be said in general terms that bitcoin's movements are somewhat replicated by alts. Beyond that there isn't really much evidence to suggest that the relationship is linear or anything of that sort.

What we're seeing is probably the opposite of alt season right now. Bitcoin dominance is continuing to increase while alts are slipping in terms of market share, which is probably a needed correction from the amount of hype ICOs used to receive that was completely irrational.

Yes, it is so. Because all alts are paired with Bitcoin, when the price of bitcoin increases, so does the alts. but it is not always equal. Sometimes traders sell alts to buy bitcoin and make a difference. That's what I understand and want to convey back to you, hope it helps you.
I am currently using the Tabtrader App, you can easily track prices on your phone.

why should we yeach you crypto history, while you can teach yourself by analyzing the graph on coinmarketcap
you have the history there , and can make your own analysis and conclusions
i use onchainfx and my exchange to track my coins

its probably good time to invest in alt coins because most of the are in a huge dip
the pattern you can see here is BTC squeezing the blood from alts and have almost 70% of domination, there is no much more to squeeze

Sadly alot of the crypto history you just had to be here to watch it unfold
i wish someone would write some books about it all haha, im sure one day they will
Altseason is usually after summer, alts rise thru snow seasons, and fall in the spring as people cash out their yearly earnings

I use livecoinwatch to track my coins, its awesome, check it out

Bitcoin is the biggest factor that influences the price of altcoins so it's natural that the price is always proportional, I hope there are coins that can compete with bitcoin so that it can reduce the dominance of bitcoin.

There is no direct proportion. But there are a few patterns. There are times when Bitcoin pumps also mean altcoin pumps. But that is not always the case as there are also times when altcoins will bleed when Bitcoin rallies. There are times when altcoins go bullish while Bitcoin is falling hard but there are also times when the altcoins are all brought down along with Bitcoin. There are also times when altcoins and Bitcoin are moving in their own ways. All these means they are hard to catch.

To me altseason has always meant the time when you can make more btc investing to altcoins (not just more dollars), or when the btc dominance is lowering. And the near peak of the altcoinseason would be when people start to speculate seriously about flippening again (meaning that something other then bitcoin getting the top marketcap position). But this is just my take on it.

To the last question: I am using tradingview for ta and coimarketcap or alternatives for quick price tracking. and https://delta.app/ for tracking personal portfolios.

Altseason has still not arrived. Even right now, when BTC raised by 25-30 percent within 24 hours, altcoins added slightly more than 10 percent. We are all waiting for the moment, when BTC dominance would fall below 50 percent.

In theory, the more money in the total crypto market cap the more every coin will rise. That's the reason we saw alts hit their all time highs along with Bitcoin back in 2017. It's just a byproduct of more money coming in to the market to invest with. More people investing equals a higher price. This is not always true with every coin though. Sometimes a coin will jump up a good 20-30% and Bitcoin will never move. But, during a big bull market, they all should generally move right along with Bitcoins price.

Before the high rise at the end of 2017, there were many phenomena about crypto movements and patterns. one of them is the altcoin session. the intention is to increase most of altcoin after bitcoin pumps and is stable above. then altcoin followed it. that's the purpose of the altcoin session. and today bitcoin is making a pump. I hope he is stable and altcoin will follow him again. Bitcoin history is making pumps after halving.

Things went too fast, all of a sudden it's a bull run, We just hope it's not merely a manipulation that will last a day. From bear this weekdays to bull this weekend, a very happy weekend to everyone who buy when many doubts it will continuous to being bearing, glad I was able to buy some this weekday. Indeed when BTC pumps, Alts follow but some times in different we can't really tell yet for now since its been only a day who knows we're in trick and treat.

If the market conditions are not improving for the last 2 years, the altcoin season will be skipped until the end of the bear market. The correlation of BTC and altcoins happens when the mark direction is north but the obvious reasons didn't make sense to call the small pumps as a first bullet for alt season party.

We can say that they have correlation but it's hard to prove since market is very unstable and volatile, usually it's like:

When Bitcoin is up, Alts goes down - because altcoin investors are moving into Bitcoin
When Alt is up, Bitcoin goes down - because Bitcoin investors are shifting to altcoins
Both are up - investors are pouring their money on both market
Both are down - selling pressure

Alt season is not yet here, we do see some occasional pumps here and there, but that's nothing as compare to a bull run. I don't use specific tools to track my coins, I'm an old school trader/investor, I just check everything like once or twice a day so see how my portfolio is doing and then trade some if I feel like it.

The interesting thing about today's pump in bear market is the height of pump in short time . It doesnt look bearish to me but it is very difficult predict. I dont expect the coin to get up to same price after so long time with stability around $8-$9.

generally, in this bull market, bitcoin and altcoin have positive correlation between them. it means if bitcoin increase altcoin increase too
Navigating the Correlation Between Bitcoin & Altcoins for the Current Bull Market

In my simple term, altseason happens when many altcoins pump hard more than 50%

coinmarketcap, cryptoXscreener

It's been proven that Bitcoin and Altcoins pricesare widely correlated. But not the way you would be expecting. You might be wondering why I said so. The thing is Altcoin growth has been unpredictable. By this, I mean They are quite spontaneous (-- to a level though) For instance, When Bitcoin starts rallying, Altcoins are usually going the opposite direction. And when bitcoin is going downhill, Altcoins prices tanks as well. The only time that altcoins catch their breath and retrace is when bitcoin is in a range and hovering over specific price areas

easy to read but difficult to understand only guesses when conditions are in trend but all that must be based on checking charts that will link to the past ,I think altcoin season is only when bitcoin falls and it's a chance for altcoin to run later when bitcoin finds a gap and run too the result altcoin has benefited at the time of the condition but it doesn't always exist mate situation can change drastically ,so it's not included in the season just take advantage of market crypto condition

Actually i think alts are traded with BTC, not USD. So when BTC goes down in USD, alt traders dump their alts and that makes alt go down in btc which itself is going down in USD. So when you look at alt prices in USD on coinmarketcap for example you will see alts go down more than BTC.

Also, a lot of trading is done with bitcoin pairs. So as bitcoin rises, the coin to bitcoin ratio seems to stay the same. However, when alt coins are pumping, the demand for bitcoin is falling, while the demand for alts is rising, essentially throwing off that balance in favor of the alts. Or at least that is what I've noticed during the alt coin cycles, but this would make sense except that when altcoins are crashing, because the demand for BTC doesn't rise inversely, it seems to tank right behind the altcoins.

There's no hard and fast rule that always applies. However it is quite often the case that a big rise in Bitcoin price is then followed by a big rise in altcoin price. Not always, just quite often. As to why this happens, I think the main reasons are that a) Bitcoin is the usual gateway from fiat, and b) Bitcoin is by far the biggest coin in terms of total market capitalisation (price of 1 coin multiplied by the number of coins).

For point a), an example is new money coming in. If you have US dollars or some other fiat currency, and you want to buy some crypto, chances are you'll buy Bitcoin. Some other coins can be bought directly with $, such as Ethereum, but generally Bitcoin is the way in. This means more people wanting to buy Bitcoin, which causes buy pressure (demand from buyers is more than the supply available from sellers), which pushes the price up, whilst altcoins will remain unchanged. This is often what happens with an early bull market caused by new money coming into crypto. Bitcoin is the gateway, and Bitcoin price rises.

For point b), I mean that because Bitcoin is so much bigger than any altcoin, it sort of forces point 'a'. Mainstream news about crypto tend to focus on Bitcoin. 'Bitcoin was worth $X and is now worth $Y', etc. I'm sure you've seen the headlines from time to time. Bitcoin becomes bigger because it is already the biggest.

... so what happens after this? As Bitcoin rises and altcoins stay relatively stable, or alts increase by a smaller amount, the gap between Bitcoin and alts increases. Alts start to look underpriced. If one Bitcoin used to buy you 100 Ethereum, but it now buys you 1000 Ethereum, then Ethereum starts to look like a bargain - irrespective of the dollar price - and this causes buy pressure on alts, and alts then rise in price. The increasing gap causes alts to look cheap, and this is I think what causes 'alt season'.

Purely guesses and personal opinion though. Nothing in crypto is certain

You can check what is and what was the BTC dominance over the different bullish/bearish periods and made some correlations:

https://coinmarketcap.com/charts/#dominance-percentage

IMO BTC domination is moving on slow swings and I'm using it with 'a little' success to gain BTC value. Please don't mistake it with USD profits.

Use this site to track your coin's price movement history. https://coinmarketcap.com/
At this moment altcoins were following on bitcoin movement and that is commonly happening.
But I don't understand you are mean by altcoin season.

Or using an app for monitoring your coins, I used this. "Blockfolio"

there is no definite pattern, because everything looks faint. but the main factor of all is the pump. It doesn't matter if the bitcoin or altcoin are pumped first, eventually everything will go up. You can see the chart a few years ago, surely you will understand what I mean.

I think market cycles are worth mentioning. These cycles are driven by halving. Around the same time, a long BTC uptrend begins. After some time, the growth of many altcoins begins. That was two times. It can start again in a year, since the halving is expected in the first half of 2020. On the other hand, the conditions are changing, and the cryptocurrency market may behave differently in the future.

I usually use CMC. But if I need to check a specific asset, I look at the exchanges where this asset is listed.

[1] Yes. However, there is no certain pattern if alts will rise together with bitcoin. But if you will recall the end year of 2017, most of the alts rose as bitcoin's price rose as well. Everybody talks about it because we have been through a long bear market so everyone's assumption is we are about to see the rise.

[2] Ledger Live allows me to track all of my coins in USD value. I usually visit CMC quickly too.

Theres no specific patterns on how Bitcoin and alts do move when it comes to its price.We have seen they can possibly correlates and also they can go
opposite directions to each other.Lets put an example on the current condition where btc plummets its price but alts price didnt have any significant increase
which means the money is coming out to fiat.There were times that both btc and alts goes up and there are times where btc is down then alts do pump
but you should not rely into these scenarios because anything can happen.

Teach me some crypto history. Did alts price rise in the past when BTC was rising or are there any other patterns showing up?
Everybody's talking about altseason but i'm not sure if i understand the term correctly.
Which tools do you use to track you coins?
Thank you!