hey guys
just wanna ask, say i trade a certain cryptocurrency against bitcoin, say bitcoin vault. Lets assume both of them grow exponentially against fiat currencies. Will trading the two currencies against each other make sense - like BTCVT/BCT, will the value of this trade increase or remain constant because of the individual growth of the 2.
Depends which coin grow faster.
ALTs/BTC trading was more popular before 2018, when majority of volume comes from BTC trading pairs. Now its not. All big coins has couple times bigger volume with USD pair rather than with BTC pair. So Don't expect that any TA will work here becuase this chart moves randomly because its more like the resultant of 2 charts and not the leading chart. For example you can see a spike out of nowhere on ALT/BTC pair only because on ALT/USD price just broke resistance.
edit:
Only smaller cap coin are traded more with BTC than with USD.