The Altcoin Chart You Can’t Afford to Ignore

BTC.D chart on TradingView, January 9, 2023

Know what you’re missing

Source: TradingView, January 9, 2023

See what you couldn’t see before

Descriptive, not conclusive

The real deal

  • Bitcoin demolished altcoins in a parabolic move from May 2021 to May 2022.
  • In June 2022, momentum shifted to altcoins after breaking the 75% level, a historical inflection point.
  • Altcoins already crashed against bitcoin. We don’t need to wait for this to happen (it already happened).

Mark Helfman publishes the Crypto is Easy newsletter. He is also the author of three books and a top bitcoin writer on Medium and Hacker Noon. Learn more about him in his bio and connect with him on Superpeer.

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