Many young traders believe that their favorite crypto has the ability to be traded without considering BTC and the TA associated with it. Some day in the future, this may be the case. Hopefully.
As of today, BTC is the only crypto worth doing any extensive TA, for a few reasons:
1. BTC makes up over half of Market Cap or Dominance.
2. The overall liquidity of the entire market is extremely low in comparison to traditional markets. Even at the Dec '17 highs, the crypto market was a guppie among sharks.
3. Most, if not all alt pairing are paired to BTC.
There are other reasons that go further than the extent of this posting. _______________________________________________
In closing, I would like to say that in the future, there may be wider adoption of certain projects that surpass BTC, and these projects may move the market. But for the time being, BTC is the main player.
The only TA that has any real significance in the crypto market, is BTC.
BTC is digital gold with some extra features. Finite supply, easily transportable, easily divisible, and cannot be counterfeit. Block-chain will be used for all types of projects in the future but the value of those projects is in what the block-chain represents not the block-chain itself. Bitcoin, was and is, the new storage of wealth in and of itself. If and when all Bit coin related markets are forced to settle in actual bit coin instead of fiat cash everyone will find out what REAL supply and demand looks like IMO.