{"id":460688,"date":"2021-04-08T01:00:20","date_gmt":"2021-04-08T01:00:20","guid":{"rendered":"https:\/\/wncen.com\/?p=460688"},"modified":"2024-06-11T13:08:40","modified_gmt":"2024-06-11T13:08:40","slug":"bitcoin-dominance-btc-altcoin-season","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/","title":{"rendered":"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season"},"content":{"rendered":"<p><a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-reset-its-off-races-again\/\">Bitcoin price is diving currently<\/a>, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap, altcoins have taken an even more severe beating.<\/p>\n<p>With top alts like Ethereum and Litecoin are seeing an even further drop on BTC trading pairs, Bitcoin dominance has formed a bullish engulfing candle just as a key technical indicator reach overheated status. Here&#8217;s how that could put an abrupt end to the ongoing altcoin season.<\/p>\n<h2>Bitcoin Price Drop Causes Altcoins To Flop<\/h2>\n<p>Bitcoin is the first ever cryptocurrency that an entire industry was built from since, and anything that isn&#8217;t BTC is considered an altcoin. Ethereum is currently the king of that camp, and is <a href=\"https:\/\/wncen.com\/news\/how-ethereum-has-outperformed-bitcoin-by-250-since-inception\/\">outpacing Bitcoin in performance since its inception<\/a>.<\/p>\n<p>But due to first move advantage and just how dominant Bitcoin is, it represents more than 50% of the entire crypto market cap. The BTC dominance metric was created to measure the rest of the crypto market and its weight compared to all altcoins.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-reset-its-off-races-again\/\">Following Bitcoin \u201cReset,\u201d It\u2019s \u201cOff To The Races Again\u201d<\/a><\/strong><\/em><\/p>\n<p>BTC dominance has dropped by 18% since end of 2020 highs, leaving a red streak behind. However, <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-reset-its-off-races-again\/\">during today&#8217;s crypto market bloodbath<\/a>, the metric began to make a comeback and has formed a bullish engulfing candle.<\/p>\n<p>A bullish engulfing candle is a type of <a href=\"https:\/\/wncen.com\/topic\/japanese-candlestick-patterns\/\">Japanese candlestick<\/a> formation, that typically suggests a short term reversal is in the coming. It forms when after a sharp bearish move, sellers are overwhelmed by a sudden surge in bullish buying. It is then up to bulls to continue the reversal.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-460690 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/bitcoin-dominance-btc.d-reversal-bullish-engulfing.png?resize=860%2C418\" alt=\"bitcoin dominance btc.d reversal bullish engulfing\" width=\"860\" height=\"418\"><\/p>\n<pre style=\"text-align: center\">A bullish engulfing appears as daily RSI reached oversold conditions |\u00a0Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-BTC.D\/\" target=\"_blank\" rel=\"noopener nofollow\">CRYPTOCAP-BTC.D on TradingView.com<\/a><\/pre>\n<h2>BTC Dominance Reversal Could Put An End To Alt Season<\/h2>\n<p>Coinciding with the bullish engulfing candle pictured above, the daily <a href=\"https:\/\/wncen.com\/topic\/relative-strength-index\/\">Relative Strength Index<\/a> fell sharply into oversold territory. If a reversal plays out in BTC dominance, whatever altcoin season that&#8217;s been going on recently, will be over.<\/p>\n<p>Adding more credence to the theory of further reversal in the relationship between Bitcoin and altcoins, on weekly timeframes a hidden bullish divergence has formed, just as BTC.D touches down at the bottom <a href=\"https:\/\/wncen.com\/topic\/bollinger-bands\/\">Bollinger Band<\/a>.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-460691 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Bitcoin-dominance-hidden-bull-div.png?resize=860%2C398\" alt=\"Bitcoin dominance hidden bull div\" width=\"860\" height=\"398\"><\/p>\n<pre style=\"text-align: center\">A bull div on the RSI has formed as dominance falls to Bollinger Band support | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-BTC.D\/\" target=\"_blank\" rel=\"noopener nofollow\">CRYPTOCAP-BTC.D on TradingView.com<\/a><\/pre>\n<p>Divergences occur when price action moves opposite a technical indicator \u2013 in this case the Relative Strength Index again on weekly timeframes. Although daily has fallen into completely oversold levels, weekly either has more to go, or buyers are secretly showing up ready to stage a reversal.<\/p>\n<p style=\"text-align: center\"><em><strong>Counter Point | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-btc-dominance-crypto\/\">Why Bitcoin Dominance Is No Longer Relevant To Crypto<\/a><\/strong><\/em><\/p>\n<p>If bulls can begin the comeback starting with a bullish engulfing today, and close out next week with a powerfully bullish move, a morning star doji pattern will be left on weekly charts, adding yet another signal that an extended reversal could result.<\/p>\n<p><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-btc-dominance-crypto\/\">Any reversal in BTC.D<\/a>, could either have Bitcoin leaving alts in its dust, or the coins crash far further than the top cryptocurrency does on its way back down. All that&#8217;s left to do, is wait and see.<\/p>\n<pre>Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap, altcoins have taken an even more severe beating. With top alts like Ethereum and Litecoin are seeing an even further drop on BTC trading pairs, Bitcoin dominance has formed a bullish engulfing candle just as a key technical indicator reach overheated status. Here&#8217;s how that could put an abrupt end to the ongoing altcoin season. Bitcoin Price Drop Causes Altcoins To Flop Bitcoin is the first ever cryptocurrency that an entire industry was built from since, and anything that isn&#8217;t BTC is considered an altcoin. Ethereum is currently the king of that camp, and is outpacing Bitcoin in performance since its inception. But due to first move advantage and just how dominant Bitcoin is, it represents more than 50% of the entire crypto market cap. The BTC dominance metric was created to measure the rest of the crypto market and its weight compared to all altcoins. Related Reading | Following Bitcoin \u201cReset,\u201d It\u2019s \u201cOff To The Races Again\u201d BTC dominance has dropped by 18% since end of 2020 highs, leaving a red streak behind. However, during today&#8217;s crypto market bloodbath, the metric began to make a comeback and has formed a bullish engulfing candle. A bullish engulfing candle is a type of Japanese candlestick formation, that typically suggests a short term reversal is in the coming. It forms when after a sharp bearish move, sellers are overwhelmed by a sudden surge in bullish buying. It is then up to bulls to continue the reversal. A bullish engulfing appears as daily RSI reached oversold conditions |\u00a0Source: CRYPTOCAP-BTC.D on TradingView.com BTC Dominance Reversal Could Put An End To Alt Season Coinciding with the bullish engulfing candle pictured above, the daily Relative Strength Index fell sharply into oversold territory. If a reversal plays out in BTC dominance, whatever altcoin season that&#8217;s been going on recently, will be over. Adding more credence to the theory of further reversal in the relationship between Bitcoin and altcoins, on weekly timeframes a hidden bullish divergence has formed, just as BTC.D touches down at the bottom Bollinger Band. A bull div on the RSI has formed as dominance falls to Bollinger Band support | Source: CRYPTOCAP-BTC.D on TradingView.com Divergences occur when price action moves opposite a technical indicator \u2013 in this case the Relative Strength Index again on weekly timeframes. Although daily has fallen into completely oversold levels, weekly either has more to go, or buyers are secretly showing up ready to stage a reversal. Counter Point | Why Bitcoin Dominance Is No Longer Relevant To Crypto If bulls can begin the comeback starting with a bullish engulfing today, and close out next week with a powerfully bullish move, a morning star doji pattern will be left on weekly charts, adding yet another signal that an extended reversal could result. Any reversal in BTC.D, could either have Bitcoin leaving alts in its dust, or the coins crash far further than the top cryptocurrency does on its way back down. All that&#8217;s left to do, is wait and see. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":453284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[30232,25731,142,428,13510,1119,16154,75754,1144,78790,77619,6664],"class_list":["post-460688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alt-season","tag-altcoin-season","tag-altcoins","tag-bitcoin","tag-bitcoin-dominance","tag-btc","tag-btc-dominance","tag-btc-d","tag-btcusd","tag-btcusdt","tag-bullish-engulfing","tag-crypto"],"acf":[],"yoast_head":"\n<title>How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season<\/title>\n<meta name=\"description\" content=\"Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap,\" \/>\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-btc-altcoin-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/\" \/>\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=\"2021-04-08T01:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:08:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1521\" \/>\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=\"3 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-btc-altcoin-season\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season\",\"datePublished\":\"2021-04-08T01:00:20+00:00\",\"dateModified\":\"2024-06-11T13:08:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/\"},\"wordCount\":505,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521\",\"keywords\":[\"alt season\",\"Altcoin Season\",\"altcoins\",\"bitcoin\",\"bitcoin dominance\",\"btc\",\"btc dominance\",\"btc.d\",\"btcusd\",\"BTCUSDT\",\"bullish engulfing\",\"crypto\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/\",\"name\":\"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521\",\"datePublished\":\"2021-04-08T01:00:20+00:00\",\"dateModified\":\"2024-06-11T13:08:40+00:00\",\"description\":\"Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap,\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521\",\"width\":2560,\"height\":1521,\"caption\":\"bitcoin dominance altcoins Depositphotos_32473091_xl-2015\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; 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":"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season","description":"Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap,","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-btc-altcoin-season\/","og_locale":"en_US","og_type":"article","og_title":"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season","og_description":"Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap,","og_url":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-04-08T01:00:20+00:00","article_modified_time":"2024-06-11T13:08:40+00:00","og_image":[{"width":2560,"height":1521,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521","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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season","datePublished":"2021-04-08T01:00:20+00:00","dateModified":"2024-06-11T13:08:40+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/"},"wordCount":505,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521","keywords":["alt season","Altcoin Season","altcoins","bitcoin","bitcoin dominance","btc","btc dominance","btc.d","btcusd","BTCUSDT","bullish engulfing","crypto"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/","url":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/","name":"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521","datePublished":"2021-04-08T01:00:20+00:00","dateModified":"2024-06-11T13:08:40+00:00","description":"Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap,","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521","width":2560,"height":1521,"caption":"bitcoin dominance altcoins Depositphotos_32473091_xl-2015"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; 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":"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season","url":"http:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-dominance-btc-altcoin-season\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521"},"articleSection":"Cryptocurrency Market News","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":["alt season","altcoin season","altcoins","bitcoin","bitcoin dominance","btc","btc dominance","btc.d","btcusd","btcusdt","bullish engulfing","crypto"],"dateCreated":"2021-04-08T01:00:20Z","datePublished":"2021-04-08T01:00:20Z","dateModified":"2024-06-11T13:08:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-dominance-btc-altcoin-season\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-dominance-btc-altcoin-season\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521\"},\"articleSection\":\"Cryptocurrency Market News\",\"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\":[\"alt season\",\"altcoin season\",\"altcoins\",\"bitcoin\",\"bitcoin dominance\",\"btc\",\"btc dominance\",\"btc.d\",\"btcusd\",\"btcusdt\",\"bullish engulfing\",\"crypto\"],\"dateCreated\":\"2021-04-08T01:00:20Z\",\"datePublished\":\"2021-04-08T01:00:20Z\",\"dateModified\":\"2024-06-11T13:08:40Z\"}<\/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\/12\/bitcoin-dominance-altcoins-Depositphotos_32473091_xl-2015-scaled.jpg?fit=2560%2C1521","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/460688"}],"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=460688"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/460688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/453284"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=460688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=460688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=460688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}