Been doing alt coins for a while now and what I've found it that when bitcoin goes up then alt coins go down; I'm talking about tokens with ether or bitcoin; sometimes they go down a long way and I feel to panic, but sooner or later they go back up huge...
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yes its the rule by thumb when bitcoin consolidates, altcoins start running up,
ada and neo especially started the last strong altrun a few weeks ago, other altcoins followed afterwards, so im keeping track of them.
Sometimes many altcoins at the same time form strong bull or bear consolidation positions, so it makes swing trade decisions easier, if you are not certain, about one trade you wanna do
For example maybe i wanna trade LSKBTC as an example, but if my major altcoins have bear signals, ill most likely wont do the LSKBTC trade, since leading altcoins are losing momentum, LSK would follow (with a big probability, there is always the off chance that it wont follow ofc)
this is pure chart trading, ofc if you have a project where you do research and you are aware of the roadmap, then its a total different story, haha, I do this just for swing trades, generate some extra btc, so i can pour it into other longterm investments