The FED is a private institution and this fact is confirmed several times by independent economists. The last enormous program of quantitative easing decision will affect the BTC prices positively and the market will have a recovery chance with this push. The correlation factor let me to think about the same effective rate over the BTC correlated markets. So speculators prefer to wait for settled dust and buy the dip on the altcoins along with BTC. What is your approach?
Speculators do not wait for dust to settle, they actually follow the trail. When the dust starts to clouden the view is when speculators are most active, hence the huge shorting and selloffs.
My approach is not different in a bull or bear. I speculate for a period of years not of months or weeks,,, so this for me is a dip, unforeseen but not unusual:)