{"id":425033,"date":"2020-05-25T17:30:09","date_gmt":"2020-05-25T17:30:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=425033"},"modified":"2020-05-25T14:56:17","modified_gmt":"2020-05-25T14:56:17","slug":"crypto-altcoin-btc-dominance-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-altcoin-btc-dominance-bitcoin\/","title":{"rendered":"BTC Dominance Signals Abrupt End to Crypto Altcoin Season"},"content":{"rendered":"

BTC dominance \u2013 a metric that weighs the entire Bitcoin<\/a> market cap against other crypto assets \u2013 has been falling in recent weeks, giving many small-cap altcoins a chance in the limelight.<\/p>\n

The short-lived altcoin season could come to an abrupt end, however, according to a highly reliable indicator.<\/p>\n

BTC Dominance To Grow, Putting Sudden End To Crypto Alt Season<\/h2>\n

Bitcoin<\/a> is the first-ever cryptocurrency, and everything else across the market ranging sans stablecoins, from Ethereum to Dogecoin is considered an altcoin.<\/p>\n

Though these assets are very closely related, their relationship in terms of price action is incredibly unusual.<\/p>\n

Oftentimes, when Bitcoin is pumping<\/a>, altcoins will grow right alongside it in terms of USD value. On other occasions, altcoin capital has directly flowed into Bitcoin further fueling its parabolic rise.<\/p>\n

When Bitcoin crashes, altcoins are usually obliviated. The prime environment for altcoins to shine tends to be when Bitcoin<\/a> is trading sideways.<\/p>\n

Related Reading | It\u2019s Official: Tether Flippens XRP After Recent Crypto Crash\u00a0<\/a><\/strong><\/em><\/p>\n

And because each unique altcoin has its own price chart in terms of USD and BTC pairs, oftentimes crypto analysts look toward an aggregated metric such as BTC dominance to shed some light on what may happen between Bitcoin and altcoins.<\/p>\n

\"btc<\/p>\n

Prior to Bitcoin’s 2016 halving, BTC dominance had not fallen below 97%. As soon as it did, it was a catalyst for the crypto hype bubble and dominance falling to an unprecedented 35%.<\/p>\n

Since then, BTC dominance recovered to a high of 73% before falling to current levels. However, a reversal to retest highs above may be next, according to a highly accurate signal.<\/p>\n

TD Sequential Signals Bitcoin Overperformance Compared to Altcoins In Short Term<\/h2>\n

The TD Sequential indicator has presented a buy setup on BTC.D price charts, depicting Bitcoin<\/a>‘s weight against the rest of the crypto market.<\/p>\n

\"btc<\/p>\n

While its arguable as to how effective using BTC dominance charts are for analyzing crypto assets, the signal itself has proven highly accurate again and again across the crypto space.<\/p>\n

The tool, created by market timing wizard Thomas Demark, called Bitcoin’s top at $20,000, bottom at $3,200, and another bottom at $6,400 late last year.<\/p>\n

Related Reading | Why the Crypto Market\u2019s Hottest Altcoin Chainlink May Lose its Momentum<\/a><\/strong><\/em><\/p>\n

It even signaled a sell set up just ahead of the historic Black Thursday<\/a> market collapse that sent Bitcoin<\/a> price tumbling back to lows around $4,000.<\/p>\n

Altcoins have been suffering against Bitcoin for over two years, and are well overdue for a recovery. This recovery may need to wait a bit longer if this signal plays out on BTC.D charts and altcoins take an unexpected hit.<\/p>\n

Whatever glimmer of an alt season that has been underway, will be gone before it really got started.<\/p>\n","protected":false},"excerpt":{"rendered":"

BTC dominance \u2013 a metric that weighs the entire Bitcoin market cap against other crypto assets \u2013 has been falling in recent weeks, giving many small-cap altcoins a chance in the limelight. The short-lived altcoin season could come to an abrupt end, however, according to a highly reliable indicator. BTC Dominance To Grow, Putting Sudden End To Crypto Alt Season Bitcoin is the first-ever cryptocurrency, and everything else across the market ranging sans stablecoins, from Ethereum to Dogecoin is considered an altcoin. Though these assets are very closely related, their relationship in terms of price action is incredibly unusual. Oftentimes, when Bitcoin is pumping, altcoins will grow right alongside it in terms of USD value. On other occasions, altcoin capital has directly flowed into Bitcoin further fueling its parabolic rise. When Bitcoin crashes, altcoins are usually obliviated. The prime environment for altcoins to shine tends to be when Bitcoin is trading sideways. Related Reading | It\u2019s Official: Tether Flippens XRP After Recent Crypto Crash\u00a0 And because each unique altcoin has its own price chart in terms of USD and BTC pairs, oftentimes crypto analysts look toward an aggregated metric such as BTC dominance to shed some light on what may happen between Bitcoin and altcoins. Prior to Bitcoin’s 2016 halving, BTC dominance had not fallen below 97%. As soon as it did, it was a catalyst for the crypto hype bubble and dominance falling to an unprecedented 35%. Since then, BTC dominance recovered to a high of 73% before falling to current levels. However, a reversal to retest highs above may be next, according to a highly accurate signal. TD Sequential Signals Bitcoin Overperformance Compared to Altcoins In Short Term The TD Sequential indicator has presented a buy setup on BTC.D price charts, depicting Bitcoin‘s weight against the rest of the crypto market. While its arguable as to how effective using BTC dominance charts are for analyzing crypto assets, the signal itself has proven highly accurate again and again across the crypto space. The tool, created by market timing wizard Thomas Demark, called Bitcoin’s top at $20,000, bottom at $3,200, and another bottom at $6,400 late last year. Related Reading | Why the Crypto Market\u2019s Hottest Altcoin Chainlink May Lose its Momentum It even signaled a sell set up just ahead of the historic Black Thursday market collapse that sent Bitcoin price tumbling back to lows around $4,000. Altcoins have been suffering against Bitcoin for over two years, and are well overdue for a recovery. This recovery may need to wait a bit longer if this signal plays out on BTC.D charts and altcoins take an unexpected hit. Whatever glimmer of an alt season that has been underway, will be gone before it really got started.<\/p>\n","protected":false},"author":517,"featured_media":425049,"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],"tags":[142,428,16154,1144,78790,6664,76835],"class_list":["post-425033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-altcoins","tag-bitcoin","tag-btc-dominance","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbtusd"],"acf":[],"yoast_head":"\nBTC Dominance Signals Abrupt End to Crypto Altcoin Season<\/title>\n<meta name=\"description\" content=\"BTC dominance \u2013 a metric that weighs the entire Bitcoin market cap against other crypto assets \u2013 has been falling in recent weeks, giving many small-cap\" \/>\n<meta name=\"robots\" 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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":"BTC Dominance Signals Abrupt End to Crypto Altcoin Season","url":"http:\/\/uniquehot.com\/news\/crypto-altcoin-btc-dominance-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/crypto-altcoin-btc-dominance-bitcoin\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/05\/btc-crypto-altcoins-shutterstock_131245436-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/05\/btc-crypto-altcoins-shutterstock_131245436-scaled.jpg?fit=2560%2C2560"},"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":["altcoins","bitcoin","btc dominance","btcusd","btcusdt","crypto","xbtusd"],"dateCreated":"2020-05-25T17:30:09Z","datePublished":"2020-05-25T17:30:09Z","dateModified":"2020-05-25T17:30:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BTC Dominance Signals Abrupt End to Crypto Altcoin Season\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-altcoin-btc-dominance-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-altcoin-btc-dominance-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/btc-crypto-altcoins-shutterstock_131245436-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/btc-crypto-altcoins-shutterstock_131245436-scaled.jpg?fit=2560%2C2560\"},\"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\":[\"altcoins\",\"bitcoin\",\"btc dominance\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbtusd\"],\"dateCreated\":\"2020-05-25T17:30:09Z\",\"datePublished\":\"2020-05-25T17:30:09Z\",\"dateModified\":\"2020-05-25T17:30:09Z\"}<\/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\/2020\/05\/btc-crypto-altcoins-shutterstock_131245436-scaled.jpg?fit=2560%2C2560","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/425033"}],"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=425033"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/425033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/425049"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=425033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=425033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=425033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}