ALT-season: Refer to ALT/BTC instead of ALT/USDT

[MrSpasybo]

Over time we have seen the price of many altcoins (ALT) having extremely strong fluctuations, increases or decreases in large amplitudes without following the Elliott wave rules or Fibonacci support/resistance levels. This is making the community of traders very confused and many people are forced to use very strange methods such as "extended Elliott wave", butterfly graph, flag graph...

However, if we stick to a few market rules, it will be easier to understand those price movements.
In crypto community, many people have known the rule of USDT:BTC:ALT = 1:10:100. That is, in every volatile season, BTC/USD rate will increase 10 times, ALT/BTC rate will increase 10 times, and it follows that ALT/USDT rate will increase 100 times.

The numbers 1, 10, 100 are for illustration purposes only, because there are many tokens x10 only, there are many token x300. We can understand that during bullrun, in order to predict the ALT price, we should be more concerned with the fluctuation of ALT/BTC rate rather than the fluctuation of ALT/USDT rate.

Reason: BTC is still the crypto king and crypto market trend is still heavily dependent on BTC price, at the same time ALT/USDT is just the result of ALT/BTC x BTC/USDT.

By using ALT/BTC and BTC/USDT charts, it is easier to evaluate the growth potential of ALT/USDT.

Exception: This is not true of the short timeframe because there is a delay in converting the USDT:BTC:ALT balance. Several new tokens emerge are also heavily influenced by pump events.

ALT has always had better growth potential than BTC during the altcoin season. Are you using market analysis tactics based on ALT/BTC charts instead of ALT/USDT?

[robert20]

I also agree with you that during high fluctuations when BTC is flying in the sky it is wise to see the ALT/BTC price chart. I am not so old in trading but i am also seeig that i should check the alt/btc  chart when btc is very bullish. After all BTC is still the heart of crypto market and this is going to true for upcoming many years.

[KryptoBull]

Perhaps only ALT/BTC is reliable and reference at the moment, the ALT / USD indicators have surpassed the capabilities of the technical methods we are accustomed to over the past 3 years. ALT/BTC gives us a better overview of future trends. Right now, ALT/BTC is entering wave 3, hope tokens price will x5-x10 soon.

[alltalk]

I use both ALT/BTC and ALT/USDT since I think it should be the best way to secure profits. So, I will secure some of my profits in USDT for cash out, and the remaining to be converted to BTC. I always do both, never use only a single way in trading my crypto assets, even it is an altcoin season. In my opinion, this way is much effective than other ways. 

[Master107]

As what you said, Bitcoin is the King. This is real and absolute with regards to cryptocurrency ecosystem. Once the king will raise his position, everything may follows particularly the dependent ones. (The same thing happen when Bitcoin down).

Maybe to become effective, the traders should consider BTC flow and ALT/USDT (risk never leave). Just to make the references stronger.