{"id":393246,"date":"2019-08-15T19:00:40","date_gmt":"2019-08-15T19:00:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=393246"},"modified":"2019-08-15T14:42:45","modified_gmt":"2019-08-15T14:42:45","slug":"bitcoin-altcoin-ripple-ethereum-crypto","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/","title":{"rendered":"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Across the crypto market, there\u2019s extreme pain, fear, uncertainty, and doubt. Bitcoin is pulling back from recent highs, and altcoins like <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Ethereum<\/a>, <a href=\"\/tag\/ripple\" rel=\"nofollow\">Ripple<\/a>, and others have only bled out and fallen deeper to new lows.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And while most crypto investors believe there is <a href=\"https:\/\/uniquehot.com\/2019\/08\/13\/crypto-investors-believe-altcoin-market\/\">more pain to come for the altcoin market<\/a>, Bitcoin and alts recently showing correlation again could be the catalyst necessary for alts to finally find their bottom, bounce, and provide crypto investors with the \u201calt season\u201d the entire market has been waiting for.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Dump Factor: Bitcoin and Altcoins Once Again Show Correlation<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">At the start of April, an over $1,000 green candle took Bitcoin out of its bear market depths and its never so much as glanced in the rear-view mirror. At that time, the once tightly correlated altcoin market \u2013 including <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Ethereum<\/a>, <a href=\"\/tag\/ripple\" rel=\"nofollow\">Ripple<\/a>, and others\u00a0\u2013 <a href=\"https:\/\/uniquehot.com\/2019\/06\/25\/crypto-bitcoin-dominance-altcoins-btc\/\">diverged from Bitcoin<\/a>, and crashed deeper with each rise in Bitcoin price and BTC dominance.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/08\/10\/crypto-pundit-altcoin-sentiment-will-cause-bitcoin-to-collapse\/\">Crypto Pundit: Altcoin Sentiment Will Cause Bitcoin to Collapse\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Much of Bitcoin\u2019s rally may have been driven by crypto investors selling altcoins into Bitcoin fearing missing out on the king of crypto\u2019s next bull run. The last one took Bitcoin to $20,000 from $10,000 in a matter of a month, so crypto investors know that once the first-ever crypto takes off once again, there may be no stopping it.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But now that Bitcoin is pulling back, and struggling to maintain support above $10,000, altcoins have once again started showing a correlation \u2013 but a negative one. Alts like Ethereum and Ripple are dropping alongside Bitcoin for the first time since April. Since then, when Bitcoin rose, alts dropped in their ratio.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Maybe just maybe this is what we&#39;re starting to see right now.<br \/>As long as BTC and alts dump together I&#39;m not sad to see both of them doing so. <a href=\"https:\/\/t.co\/rKsfeFT3WZ\" rel=\"nofollow\">https:\/\/t.co\/rKsfeFT3WZ<\/a><\/p>\n<p>&mdash; DonAlt (@CryptoDonAlt) <a href=\"https:\/\/twitter.com\/CryptoDonAlt\/status\/64721664?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 14, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">With alts dropping now in ratio even as Bitcoin falls, it has started to \u201cscare the shit out of holders\u201d according to one crypto analyst, and the extreme fear could cause holders with heavy bags to &#8220;capitulate right into the last cycle low.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The analyst also says that this could \u201copen the doors for an altcoin run,\u201d or the alt season that the entire market has been clamoring for \u2013 but never gets &#8211; since the start of 2019 when the market first started to rebound.<\/span><\/p>\n<h2>Alt Apocalypse Continues With Ripple and Ethereum Showing Bearish Breakdowns<\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/ripple\" rel=\"nofollow\">Ripple<\/a>, for example, crashed to 24 cents while also dropping to 2400 sats \u2013 Bitcoin\u2019s lowest unit of measurement \u2013 all while Bitcoin dropped from $11,000 to $10,000 in less than 48 hours. Ethereum\u2019s drop wasn\u2019t as violent, but crypto analysts point out that <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Ethereum<\/a> is breaking down from a massive, multi-month bear flag that suggests that there\u2019s still a ways to go before lows are set.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24eth&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$eth<\/a> just broke down from a month long bear flag and no body is talking about it.<\/p>\n<p>most people i speak with are expecting some kind of mega bounce to occur at any time. \ud83e\udd37\u200d\u2640\ufe0f <a href=\"https:\/\/t.co\/hhV3JHD64Z\" rel=\"nofollow\">pic.twitter.com\/hhV3JHD64Z<\/a><\/p>\n<p>&mdash; Bluntz (@Bluntz_Capital) <a href=\"https:\/\/twitter.com\/Bluntz_Capital\/status\/73656832?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">However, given the extreme fear in the market, and the fact that even the most prominent investors in the world advocate \u201cbeing greedy when others are fearful,\u201d starting to take a position in altcoins now could prove to be financially rewarding &#8211; or a <a href=\"https:\/\/uniquehot.com\/2019\/08\/12\/altcoin-apocalypse-crypto-bitcoin\/\">complete disaster if they fall much further<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Across the crypto market, there\u2019s extreme pain, fear, uncertainty, and doubt. Bitcoin is pulling back from recent highs, and altcoins like Ethereum, Ripple, and others have only bled out and fallen deeper to new lows. And while most crypto investors believe there is more pain to come for the altcoin market, Bitcoin and alts recently showing correlation again could be the catalyst necessary for alts to finally find their bottom, bounce, and provide crypto investors with the \u201calt season\u201d the entire market has been waiting for. Dump Factor: Bitcoin and Altcoins Once Again Show Correlation At the start of April, an over $1,000 green candle took Bitcoin out of its bear market depths and its never so much as glanced in the rear-view mirror. At that time, the once tightly correlated altcoin market \u2013 including Ethereum, Ripple, and others\u00a0\u2013 diverged from Bitcoin, and crashed deeper with each rise in Bitcoin price and BTC dominance. Related Reading | Crypto Pundit: Altcoin Sentiment Will Cause Bitcoin to Collapse\u00a0 Much of Bitcoin\u2019s rally may have been driven by crypto investors selling altcoins into Bitcoin fearing missing out on the king of crypto\u2019s next bull run. The last one took Bitcoin to $20,000 from $10,000 in a matter of a month, so crypto investors know that once the first-ever crypto takes off once again, there may be no stopping it. But now that Bitcoin is pulling back, and struggling to maintain support above $10,000, altcoins have once again started showing a correlation \u2013 but a negative one. Alts like Ethereum and Ripple are dropping alongside Bitcoin for the first time since April. Since then, when Bitcoin rose, alts dropped in their ratio. Maybe just maybe this is what we&#39;re starting to see right now.As long as BTC and alts dump together I&#39;m not sad to see both of them doing so. https:\/\/t.co\/rKsfeFT3WZ &mdash; DonAlt (@CryptoDonAlt) August 14, 2019 With alts dropping now in ratio even as Bitcoin falls, it has started to \u201cscare the shit out of holders\u201d according to one crypto analyst, and the extreme fear could cause holders with heavy bags to &#8220;capitulate right into the last cycle low.\u201d The analyst also says that this could \u201copen the doors for an altcoin run,\u201d or the alt season that the entire market has been clamoring for \u2013 but never gets &#8211; since the start of 2019 when the market first started to rebound. Alt Apocalypse Continues With Ripple and Ethereum Showing Bearish Breakdowns Ripple, for example, crashed to 24 cents while also dropping to 2400 sats \u2013 Bitcoin\u2019s lowest unit of measurement \u2013 all while Bitcoin dropped from $11,000 to $10,000 in less than 48 hours. Ethereum\u2019s drop wasn\u2019t as violent, but crypto analysts point out that Ethereum is breaking down from a massive, multi-month bear flag that suggests that there\u2019s still a ways to go before lows are set. $eth just broke down from a month long bear flag and no body is talking about it. most people i speak with are expecting some kind of mega bounce to occur at any time. \ud83e\udd37\u200d\u2640\ufe0f pic.twitter.com\/hhV3JHD64Z &mdash; Bluntz (@Bluntz_Capital) August 15, 2019 However, given the extreme fear in the market, and the fact that even the most prominent investors in the world advocate \u201cbeing greedy when others are fearful,\u201d starting to take a position in altcoins now could prove to be financially rewarding &#8211; or a complete disaster if they fall much further.<\/p>\n","protected":false},"author":517,"featured_media":393254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625,16894],"tags":[30232,134,142,428,6664,1946,3680],"class_list":["post-393246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","category-ripple","tag-alt-season","tag-altcoin","tag-altcoins","tag-bitcoin","tag-crypto","tag-ethereum","tag-ripple"],"acf":[],"yoast_head":"\n<title>Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom<\/title>\n<meta name=\"description\" content=\"The altcoin market - including Ethereum and Ripple - has started dropping alongside Bitcoin and might be the signal the crypto bottom is near.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom\" \/>\n<meta property=\"og:description\" content=\"The altcoin market - including Ethereum and Ripple - has started dropping alongside Bitcoin and might be the signal the crypto bottom is near.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-15T19:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-15T14:42:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3549\" \/>\n\t<meta property=\"og:image:height\" content=\"2106\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom\",\"datePublished\":\"2019-08-15T19:00:40+00:00\",\"dateModified\":\"2019-08-15T14:42:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/\"},\"wordCount\":504,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106\",\"keywords\":[\"alt season\",\"altcoin\",\"altcoins\",\"bitcoin\",\"crypto\",\"ethereum\",\"Ripple\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\",\"Ethereum\",\"Ripple\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/\",\"name\":\"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106\",\"datePublished\":\"2019-08-15T19:00:40+00:00\",\"dateModified\":\"2019-08-15T14:42:45+00:00\",\"description\":\"The altcoin market - including Ethereum and Ripple - has started dropping alongside Bitcoin and might be the signal the crypto bottom is near.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106\",\"width\":3549,\"height\":2106,\"caption\":\"altcoin bitcoin ethereum ripple altcoins\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom","description":"The altcoin market - including Ethereum and Ripple - has started dropping alongside Bitcoin and might be the signal the crypto bottom is near.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom","og_description":"The altcoin market - including Ethereum and Ripple - has started dropping alongside Bitcoin and might be the signal the crypto bottom is near.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-08-15T19:00:40+00:00","article_modified_time":"2019-08-15T14:42:45+00:00","og_image":[{"width":3549,"height":2106,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom","datePublished":"2019-08-15T19:00:40+00:00","dateModified":"2019-08-15T14:42:45+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/"},"wordCount":504,"commentCount":0,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106","keywords":["alt season","altcoin","altcoins","bitcoin","crypto","ethereum","Ripple"],"articleSection":["Bitcoin","Cryptocurrency Market News","Ethereum","Ripple"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/","name":"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106","datePublished":"2019-08-15T19:00:40+00:00","dateModified":"2019-08-15T14:42:45+00:00","description":"The altcoin market - including Ethereum and Ripple - has started dropping alongside Bitcoin and might be the signal the crypto bottom is near.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106","width":3549,"height":2106,"caption":"altcoin bitcoin ethereum ripple altcoins"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom","url":"http:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-altcoin-ripple-ethereum-crypto\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["alt season","altcoin","altcoins","bitcoin","crypto","ethereum","ripple"],"dateCreated":"2019-08-15T19:00:40Z","datePublished":"2019-08-15T19:00:40Z","dateModified":"2019-08-15T19:00:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin and Altcoin Crashes Correlating Could Be Catalyst for Alt Bottom\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-altcoin-ripple-ethereum-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-altcoin-ripple-ethereum-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"alt season\",\"altcoin\",\"altcoins\",\"bitcoin\",\"crypto\",\"ethereum\",\"ripple\"],\"dateCreated\":\"2019-08-15T19:00:40Z\",\"datePublished\":\"2019-08-15T19:00:40Z\",\"dateModified\":\"2019-08-15T19:00:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/altcoin-bitcoin-crypto-ethereum-ripple-shutterstock_1237760869.jpg?fit=3549%2C2106","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/393246"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=393246"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/393246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/393254"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=393246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=393246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=393246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}