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Let´s try and detect the Matrix...

BITSTAMP:BTCUSD   Bitcoin
This time with a comparison between BTC and XRP

Clearly market with party opposite and partly identical patterns.
I suggest there is only a little correlation, the congruence you see might be random as well.

Keep in mind the distortion in price through adjustment of both charts.

Apart from that I have identied a "visual" correlation between BTC and ETH and BTC and DASH which is often contrary.

This table might help you as well:
cointrading.ninja/correlation

The correlation factor can be used for adjusting your portfoliio before or when BTC is bearish already.
Nevertheless when BTC is having a strong dip it will drg down alts as well.

This idea is not for placing buy/ sell orders, this is ment as orientation in volatile times.
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