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RE: Please be Cautious Trading Alts Currently - Advise from an "Experienced" Trader - Trading Guide Ep.??
Yes if BTC goes up Alts go down
If BTC goes down Alts go down
If BTC goes sideways alts moon.
Of course there are always exceptions to the rule.
Here's why if BTC goes up people sell alts to get back into BTC.
If BTC goes down people sell into BTC then BTC into fiat.
If BTC goes sideways people get bored and look for the next great crypto.
Not always true. There were some Alts that did go up when BTC shot up as well. Sometimes, the BTC tide rise other Coin Barges.
;)
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I do it all the time no worries!