Disclaimer for the feds: I never owned any crypto, never traded any crypto, never made any profit and this post is purely for entertaining purpose only. This is not a financial advice.

With this post I want to show you some charts I've been enjoying to look at that you can also use yourself. They are very unknown and I rarely read about it but it's quite interesting to see.

Alt Coin Value excluding Ethereum & Stablecoins

https://preview.redd.it/w8ib7i926iab1.png?width=2445&format=png&auto=webp&s=d2af8f18fbbc3c733a93cdc25759c4131b741e67

I've created this custom chart that displays the Market Cap of Alt coins excluding Ethereum & Stablecoins. What's really interesting is that a few weeks ago they ALMOST hit a new low! Something that I haven't really seen anyone talk about and what I've been monitoring since FTX for my trades & possible accumulation.

Will include some details at the end of this post but it's safe to say that even with BTC & Stock Markts having a strong run the Alt coin Market is not catching up at all.

MY CUSTOM TICKER ( you can use it yourself just copy paste it into Tradingview ) : TOTAL3-UST-USDT-USDC-DAI-BUSD_MARKETCAP

BTC Dominance excluding Stablecoins

https://preview.redd.it/5rynaws86iab1.png?width=2545&format=png&auto=webp&s=ecac021ad3d0ab5f10837b0d71863798d4f42a1e

I've seen many talk about the Bitcoin Dominance in the recent months but I personally really dislike the "normal" chart that is being used since it includes Stablecoins. In a bear market it is very common that investors convert their crypto into stablecoins to cash out or stay liquid for future purchases. To see the actual Dominance of Bitcoin over the Altcoin Market you can exclude them using this

custom ticker: BTC.D*TOTAL/(TOTAL-USDC-USDT-DAI-BUSD_MARKETCAP)

ETH Dominance

https://preview.redd.it/qqpp3k9p6iab1.png?width=2541&format=png&auto=webp&s=bccbbe1f95cdb5e785d912d56684d887c676966d

Also interesting to look at is the ETH dominance in the crypto market ( excluding stablecoins )
While ETH/BTC is on a decline, ETH seems to hold the dominance level very well. This suggests that it's still outperfoming the general alt coin market which will be even more visible with the next chart.

Custom ticker: ETH.D*TOTAL/(TOTAL-USDC-USDT-DAI-BUSD_MARKETCAP)

ETH Dominance over the Alt coin market

https://preview.redd.it/bhgplwa77iab1.png?width=2551&format=png&auto=webp&s=369fc7acadbf681cddd722cbaeadf375c8778a69

Did you know that since june institutional liquidation / sell off ETH has actually been incredible strong over the Alt coin market? The chart looks almost identical to the BTC Dominance when excluding stablecoins. This is a clear sign that investors see ETH more and more as a "bluechip" similar to BTC instead of a risky Alt coin like all the others. The dominance is currently as high as start of the Bullrun 2021.

Custom ticker: ETH.D*TOTAL/(TOTAL-BTC-USDC-USDT-DAI-BUSD_MARKETCAP)

Stable Coin Market Cap & Dominance

https://preview.redd.it/59olhioy7iab1.png?width=1275&format=png&auto=webp&s=3afd10e36e3f3a6f4e78d5918fb700484d357c4e

Another chart that shows strength of specific crypto in their classification is the Stablecoin Market Cap & Dominance chart. While TETHER ( USDT ) had been on a long decline since the bullrun and USDC continoued to grow things have changed quickly recently. The Blue Area ( USDC ) was almost as big as Green ( USDT ) during the bear market when the general sentiment shifted towards the regulated Stablecoin rather the shady / uncertain alternative USDT. One of the biggest reasons is probably the Silvergate drama.

It's important to add that Market Cap has been on a decline mostly caused by investors converting into crypto or fiat. Dominance is also affected by this. The huge decline / gap you can see in the chart is the death of Luna's Stablecoin UST btw.

Visualized Crypto Market cap & share of it's dominating Assets

https://preview.redd.it/nvntkkku8iab1.png?width=1242&format=png&auto=webp&s=7da1d646077cc48dfdef73c4cd7da1c42ef2a6c4

One thing I like about this one is the strength of Alt coins during their seasons in the last years. The many colors you can see in some parts of the chart are all each an alt coin growing in dominance over the total market cap. Interesting to see how heavily it has been on a decline lately except Eth.
Additionally, this chart also shows how big BNB was at some point of the Bear market.

S&P 500 correlation

https://preview.redd.it/o68wkj69aiab1.png?width=2551&format=png&auto=webp&s=d97cfdff9aefd3cb0d97afe28dd6622580be78fa

Something more common is the comparison of the S&P500 ( Index of the biggest 500 US companies and the general used index to describe the US Stock ). This chart is based on purely % movement.

It's safe to say since the bullrun crypto has a lot of institutional money involved and they clearly treat BTC as an asset similar to the stock market. In fact, as a trader I can see this correlation every day partly accurate to the second. ( especially noticeable during important macro economic number releases )

What's interesting about this one is how BTC is lagging far behind when it comes to the recovery from june / october lows. FTX was one of the main reasons here clearly visible on the chart and even entirely breaking completely the correlation. However, it's also important to notice how the recent rally most likely started as a follow up to the stock market rally since december.

https://preview.redd.it/4svmbzcybiab1.png?width=2500&format=png&auto=webp&s=32d340d4eed50e887569e5e95ff6b4c8a42837f0

Simplified speculation, If history repeats itself ( which is common in human history ), BTC usually gathered strength once the S&P started to reach highs, rallies and becomes "too expensive" for investors. It's an event described as "risk on" when Investors look for better investment opportunities because the most wanted one are already at a high price. Right now, AAPL and other bluechips were the reason for this S&P rally and lead to a new ATH of AAPL above 3 Trillion market cap.
Potentially next could be a shift to more risky stocks but also investments as BTC.

This common cyclic behavior is also visible in Crypto. Whenever BTC used to hit high levels the interest shifted towards alt coins like ETH and from ETH eventually to smaller market caps. Why I write all this? Because simplified, you could argue this chart can be used to identify this shift as early as possible

Uncertainy in BTC & Alt coins

Something very interesting I've been monitoring a lot lately is how uncertain the markets are when it comes to alt coins. While BTC has been mostly trading in a "BOX" like trading range for a longer period of time now ( with the two outstanding moves during bank drama & recent rally ) the alt coin market seems to be very uncertain, weak & lagging behind.

https://preview.redd.it/sqslv76ydiab1.png?width=2553&format=png&auto=webp&s=b65e4400e87f9d85a49b7a713c3b75ba9ce0f614

https://preview.redd.it/4l6kjd00eiab1.png?width=2552&format=png&auto=webp&s=34a7ddcca5f00ac986c1f4d7f577924afd004d1b

( yellow lines = consolidation usually high interest & supply zones of accumulation or distribution )

When using the chart from earlier it's safe to say while BTC recovered and gathered strength during the second half of 2022 the alt coin market excluding Eth is still on a decline, followed BTC earlier this year yet almost hit a new low! While BTC was still above 25k.

I want to add this little TA to the end of the post because it includes the rarely used chart and might give you a better perspective on the general sentiment. This could be a great buying opportunity as alt coins are lagging far behind but also a sign of weakness and possibly warning of incoming new lows or even capitulation as soon as markets turn around.

Remember we are in the volatile high speculative crypto market and while we enjoy the huge rallies & volatility to the upside things can always turn around. I hope these charts can help you having a better perspective on the general market sentiment & strength!