I like the level of control of Clip Envelopes in Ableton Live. You'll find it in the Clip View/Envelopes/Clip/Volume.

That's the straight-forward way, but I'd rather control the volume of a Utility device inserted on the chain so that you can leave the volume faders for mix levels!*
You can even Unlink the Volume Envelope Clip so that the volume envelope can be fine-tuned once (and repeats loops every half-bar) while the bass pattern loops every 4 bars.
Unlink!
Those work for material that is already recorded but what about performing sounds live? You can use the above methods of clip envelopes with dummy clips.
or you can use the sidechaining effect shown in the video with Live devices such as Compressor, Gate, or Autofilter. These all have sidechaining built into them. Just click on the down-ward facing arrow-triangle to open them up.
Settings like this on compressor give the common compressor sidechaining. It reduces the volume of the bass by compressing it which is not exactly the same as just attenuating the volume.
Settings like this will tell autofilter to sweep up and remove the bottom end of your bass every time the kick hits. Cool effect but not often useful.
Settings like this on Gate will act most like the settings on that Volume envelope plugin from the video. Notice is sidechained and Flipped.
Or for something that just runs and runs, there's autopan
Yes, there are Max for Live envelope followers, but I recommend that you start with with these.
///*****///
If 5 people join Splice.com (a great place to collaborate Ableton Live sets and learn from others) with my invite code, I get Cable Guys VolumeShaper 3 for free. so click this link and join up.
https://splice.com/vip/steveglen-d387ec3