{"id":422675,"date":"2020-05-04T20:00:20","date_gmt":"2020-05-04T20:00:20","guid":{"rendered":"https:\/\/wncen.com\/?p=422675"},"modified":"2020-05-04T16:39:09","modified_gmt":"2020-05-04T16:39:09","slug":"bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/","title":{"rendered":"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down"},"content":{"rendered":"

Bitcoin<\/a> dominance broke down recently from a long-term trend line, potentially signaling that an altcoin season would soon be upon us.<\/p>\n

However, Bitcoin’s latest surge ahead of its halving has caused BTC dominance to reclaim the trend line, leaving altcoins vulnerable to another devastating leg down.<\/p>\n

BTC Dominance Reclaims Lost Trend Line, Alts May Be In Trouble<\/h2>\n

Last night’s weekly close for altcoins may have been the most important in crypto market history, but unfortunately for altcoins, Bitcoin<\/a>‘s latest explosive rally has caused BTC dominance to do what it does best and dominate altcoins like Ethereum and XRP.<\/p>\n

Related Reading | Altcoins Face The Most Important Weekly Close in Crypto History<\/a><\/strong><\/em><\/p>\n

Weeks ago, Bitcoin dominance lost a key trend line<\/a> that has been valid and respected since 2018 when the crypto hype bubble popped, and the altcoins across the board deflated.<\/p>\n

Bitcoin<\/a> fell by 84% to its bottom and has nearly regained half of the lost ground. Altcoins, however, are still down by 90% or more in most cases. Many dropped by over 99%.<\/p>\n

The recent surge in altcoins, combined with a massive surge in trading volume and BTC dominance losing a critical line gave hope to altcoin bag holders that the next alt season could cause these battered and beaten altcoins to shine with stimulus checks coming in.<\/p>\n

However, BTC dominance losing the line<\/a> appears to be a false breakdown from an even larger formation \u2013 a formation that could leave altcoins vulnerable to another leg down.<\/p>\n

\"btc<\/p>\n

Bitcoin Dominance Forms Ascending Triangle, Is This For Altcoins?<\/h2>\n

BTC dominance not only has reclaimed the key level<\/a>, but it appears to have formed a massive, multi-year ascending triangle<\/a>.<\/p>\n

These powerful bullish patterns typically break upward, but not oftentimes experience a false breakdown prior to the final breakout direction.<\/p>\n

They’re most often found as continuation patterns but can form at bottoms just as it did when Bitcoin was trading at $3,200. It was this type of pattern that sent Bitcoin from those lows to over $13,000.<\/p>\n

Making matters worse, on the total crypto market cap price chart sans BTC, the total altcoin market cap can be seen reaching downtrend resistance, yet failing to close a candle outside of the deadly trend line that has kept their prices in a downtrend for over tw0 years.<\/p>\n

\"btc<\/h2>\n

Bitcoin’s halving is in less than two weeks, and the volatility expected surrounding the event could spell disaster for altcoins, that typically respond poorly to Bitcoin surging or crashing.<\/p>\n

Related Reading | Sell Bitcoin in May and Go Away? Ominous June Event Could Cause Crash<\/a><\/strong><\/em><\/p>\n

It’s Bitcoin trading sideways that allows altcoins to flourish, but that may not be happening for some time coming, according to Bitcoin dominance charts and the generally bullish sentiment surrounding Bitcoin’s halving.<\/p>\n

Altcoins have nowhere near the same benefits going for them, which could let Bitcoin<\/a> further outperform in the months ahead.<\/p>\n

Featured image from Pixabay<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin dominance broke down recently from a long-term trend line, potentially signaling that an altcoin season would soon be upon us. However, Bitcoin’s latest surge ahead of its halving has caused BTC dominance to reclaim the trend line, leaving altcoins vulnerable to another devastating leg down. BTC Dominance Reclaims Lost Trend Line, Alts May Be In Trouble Last night’s weekly close for altcoins may have been the most important in crypto market history, but unfortunately for altcoins, Bitcoin‘s latest explosive rally has caused BTC dominance to do what it does best and dominate altcoins like Ethereum and XRP. Related Reading | Altcoins Face The Most Important Weekly Close in Crypto History Weeks ago, Bitcoin dominance lost a key trend line that has been valid and respected since 2018 when the crypto hype bubble popped, and the altcoins across the board deflated. Bitcoin fell by 84% to its bottom and has nearly regained half of the lost ground. Altcoins, however, are still down by 90% or more in most cases. Many dropped by over 99%. The recent surge in altcoins, combined with a massive surge in trading volume and BTC dominance losing a critical line gave hope to altcoin bag holders that the next alt season could cause these battered and beaten altcoins to shine with stimulus checks coming in. However, BTC dominance losing the line appears to be a false breakdown from an even larger formation \u2013 a formation that could leave altcoins vulnerable to another leg down. Bitcoin Dominance Forms Ascending Triangle, Is This For Altcoins? BTC dominance not only has reclaimed the key level, but it appears to have formed a massive, multi-year ascending triangle. These powerful bullish patterns typically break upward, but not oftentimes experience a false breakdown prior to the final breakout direction. They’re most often found as continuation patterns but can form at bottoms just as it did when Bitcoin was trading at $3,200. It was this type of pattern that sent Bitcoin from those lows to over $13,000. Making matters worse, on the total crypto market cap price chart sans BTC, the total altcoin market cap can be seen reaching downtrend resistance, yet failing to close a candle outside of the deadly trend line that has kept their prices in a downtrend for over tw0 years. Bitcoin’s halving is in less than two weeks, and the volatility expected surrounding the event could spell disaster for altcoins, that typically respond poorly to Bitcoin surging or crashing. Related Reading | Sell Bitcoin in May and Go Away? Ominous June Event Could Cause Crash It’s Bitcoin trading sideways that allows altcoins to flourish, but that may not be happening for some time coming, according to Bitcoin dominance charts and the generally bullish sentiment surrounding Bitcoin’s halving. Altcoins have nowhere near the same benefits going for them, which could let Bitcoin further outperform in the months ahead. Featured image from Pixabay<\/p>\n","protected":false},"author":517,"featured_media":422677,"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":[142,428,13510,16154,75754,6664],"class_list":["post-422675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-altcoins","tag-bitcoin","tag-bitcoin-dominance","tag-btc-dominance","tag-btc-d","tag-crypto"],"acf":[],"yoast_head":"\nBitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down<\/title>\n<meta name=\"description\" content=\"Bitcoin dominance broke down recently from a long-term trend line, potentially signaling that an altcoin season would soon be upon us. However, Bitcoin's\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down\" \/>\n<meta property=\"og:description\" content=\"Bitcoin dominance broke down recently from a long-term trend line, potentially signaling that an altcoin season would soon be upon us. However, Bitcoin's\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/\" \/>\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=\"2020-05-04T20:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-04T16:39:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1271\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "El Toro" 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 "El Toro" 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:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down\",\"datePublished\":\"2020-05-04T20:00:20+00:00\",\"dateModified\":\"2020-05-04T16:39:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/\"},\"wordCount\":487,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271\",\"keywords\":[\"altcoins\",\"bitcoin\",\"bitcoin dominance\",\"btc dominance\",\"btc.d\",\"crypto\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/\",\"name\":\"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271\",\"datePublished\":\"2020-05-04T20:00:20+00:00\",\"dateModified\":\"2020-05-04T16:39:09+00:00\",\"description\":\"Bitcoin dominance broke down recently from a long-term trend line, potentially signaling that an altcoin season would soon be upon us. However, Bitcoin's\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271\",\"width\":1920,\"height\":1271,\"caption\":\"bitcoin dominance altcoins crypto\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.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:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down","description":"Bitcoin dominance broke down recently from a long-term trend line, potentially signaling that an altcoin season would soon be upon us. However, Bitcoin's","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:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down","og_description":"Bitcoin dominance broke down recently from a long-term trend line, potentially signaling that an altcoin season would soon be upon us. However, Bitcoin's","og_url":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-05-04T20:00:20+00:00","article_modified_time":"2020-05-04T16:39:09+00:00","og_image":[{"width":1920,"height":1271,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.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:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down","datePublished":"2020-05-04T20:00:20+00:00","dateModified":"2020-05-04T16:39:09+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/"},"wordCount":487,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271","keywords":["altcoins","bitcoin","bitcoin dominance","btc dominance","btc.d","crypto"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/","url":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/","name":"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271","datePublished":"2020-05-04T20:00:20+00:00","dateModified":"2020-05-04T16:39:09+00:00","description":"Bitcoin dominance broke down recently from a long-term trend line, potentially signaling that an altcoin season would soon be upon us. However, Bitcoin's","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271","width":1920,"height":1271,"caption":"bitcoin dominance altcoins crypto"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.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:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down","url":"http:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","bitcoin","bitcoin dominance","btc dominance","btc.d","crypto"],"dateCreated":"2020-05-04T20:00:20Z","datePublished":"2020-05-04T20:00:20Z","dateModified":"2020-05-04T20:00:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Dominance Climbs, Leaving Altcoins Vulnerable to New Leg Down\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-dominance-climbs-leaving-altcoins-vulnerable-to-new-leg-down\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"bitcoin\",\"bitcoin dominance\",\"btc dominance\",\"btc.d\",\"crypto\"],\"dateCreated\":\"2020-05-04T20:00:20Z\",\"datePublished\":\"2020-05-04T20:00:20Z\",\"dateModified\":\"2020-05-04T20:00:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-dominance-altcoins-crypto-stairs-921247_1920.jpg?fit=1920%2C1271","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/422675"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=422675"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/422675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/422677"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=422675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=422675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=422675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}