Holy macaroni. I can finally post in this thread!
Watching the market is so tangled up with the great search for the 'because', I try and avoid it now, NNTaleb-style. It's not possible to truly know the reason behind price fluctuations (unless you're causing it), and we are so hard wired to find a narrative to explain things that I am just as likely to see something where it is not, and act on it. Then again, I may get lucky regardless!
The btc pair aspect does make it unnecessarily cloudy though, I do wish there was a fiat pair to at least take that out of the equation.
Edit: Perhaps that would have no difference, while people continue to have a finite crypto fund and move from one to the next and back.