OTHERS/BTCUSD: The Ultimate Indicator for Altcoin Seasons

Hey TradingView community! I’ve been analyzing the OTHERS/BTCUSD metric, and it’s painting an exciting picture for altcoin traders. This chart might just be the key to timing the next big altcoin rally — let’s break it down!

What is OTHERS/BTCUSD?
This metric calculates the total altcoin market cap (excluding Bitcoin) divided by BTC/USD. It shows how altcoins perform relative to Bitcoin.

High Metric: Altcoins are outperforming Bitcoin — think altcoin season!

Low Metric: Bitcoin dominance takes over, and altcoins take a backseat.

Historical Patterns: Falling Wedges Stealing the Show

The OTHERS/BTC Weekly chart reveals three Falling Wedge patterns, a bullish setup that’s historically preceded massive altcoin bull runs:

1st Altseason (2017-2018): A Falling Wedge formed in 2016 (prior pink zone). The breakout unleashed a legendary altcoin rally — remember Ethereum and Ripple going parabolic?!

2nd Altseason (2020-2022): Another wedge in 2018-2019 (blue zone) led to the 2021 altcoin boom, with projects like Solana and DeFi tokens soaring as the metric hit 10M.

3rd Falling Wedge (2022-Now): Since 2022, a new wedge is forming (green zone), resurfacing the setups that sparked the last two altseasons.

Current Setup: A Critical Support Zone

As of April 27, 2025, the metric is approaching a key support zone of 2M-1.5M (where the altcoin market cap equals 1.5M to 2M Bitcoins).

Historical Significance: This level has been a launchpad in the past — both in 2016 and 2019, it marked the bottom before altcoins reversed and surged.

What’s Next: If this wedge breaks out, the metric could climb to 7M, 9M, or even 11.5M by 2025-2027. That could mean 5-10x gains from bottom for altcoins, depending on the pair!

A sinusoidal wave at the bottom of the chart — it reflect market sentiment cycles, with troughs (like now) often preceding altcoin season greed phases.


Why This Metric Matters

OTHERS/BTCUSD captures the flow of capital in crypto:

Bitcoin often leads bull cycles, pulling in capital first (metric drops).

When BTC’s rally cools, investors chase higher returns in altcoins (metric rises).
The Falling Wedges highlight this cycle — consolidation during Bitcoin dominance, followed by breakouts when altcoins take the spotlight.

Trading Takeaway

Monitor the 2M-1.5M Zone: A breakout here could be your green light to stack altcoins.

Cross-Check Bitcoin Dominance: A drop in BTC.D (Bitcoin Dominance) would confirm capital flowing into altcoins.

Pick Strong Projects: Look for altcoins with solid fundamentals — layer-1s, DeFi, or AI tokens could lead the charge.

What’s your take, TradingView fam? Are you gearing up for the next altseason?
Drop your favorite altcoin picks or charts in the comments — I’d love to hear your thoughts!