Time for a crypto run up?

in #crypto7 years ago

A pattern that bares watching: I'm sure many have noticed that when BTC drops, most of the alts do too, but usually to a larger extent. This happens just about every time in bear and sideways markets. Just look back over the last few weeks, BTC drops 4-5%, alts drop 7-15% (though they usually bounce back from that pretty quickly). Most of the time (not all the time), immediately prior to consistent crypto runs occurring (has happened more recently with the last jumps to 9.8k and 8.4k, but similar patterns through much of last year as well), this pattern stops. BTC will drop ~5%, and the alts do the exact same thing (without the 10-15% drop). Well, this just happened. Call me crazy, and I'm sure you can find times where it didn't happen, but the overall pattern has been pretty consistent. Just something to think about.