What is the correlation between Bitcoin and altcoins price movements?

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­čĽÁ´ŞĆ What is the correlation between Bitcoin and altcoins price movements?

Usually it goes like this:

1. BTC goes up slowly or sideways => ALT coins grow fast. It happens because hungry traders are not satisfied with a slow BTC growth and start to buy alts.

2. BTC goes to the moon quickly => ALTS go down or sideways. It happens because people quickly sell off the alts in the fear of missing out the bitcoin profit train.

3. BTC goes down => ALTS crash and get into heavy drawdowns. The liquidity of alt coins is always poor so any bad news of the market as a whole hit them first and hit them hard. They recover much faster though as well. Like we just saw RIPPLE collapsed 70% then gain 63% back next day!