Get started
Blockunity

Blockunity Altseason Index (BAI)

Blockunity Updated   
Bands and Channels Cycles sentiment unyx unyxdata blockunity altcoin altseason btcdominance btcdom dominance altcoinseason
35
0
bandsandchannels cycles sentiment unyx unyxdata blockunity altcoin altseason btcdominance btcdom dominance altcoinseason
It's always very important as an investor to pay attention to the different rotations in the crypto market. This index makes it easy to see whether it's better in terms of performance to hold Bitcoin or Altcoins. To do this, it calculates a ratio taking into account the performance of several dozen Altcoins versus Bitcoin, making it possible to determine the seasonality of the market. It also gives Bitcoin's dominance in the overall capitalization of the crypto market, as well as that omitting Stablecoins.
Release Notes:
  • Adjustment of market seasonality definition calculation.
  • Addition of an extra sentence in the panel indicating whether Bitcoin or Altcoins dominate whatever the state of seasonality.
  • Modification of the Ratio display value.
Release Notes:
  • New data table design. Moreover, it is now fully configurable.
Release Notes:
  • Addition of the following Stablecoins in the calculation of Bitcoin dominance excluding Stablecoins: TUSD, USDD, FRAX, LUSD.
Release Notes:
  • Removal of the LUSD from calculation of Bitcoin dominance.
Release Notes:
  • Removal of the USDD from calculation of Bitcoin dominance.
Release Notes:
  • Added Bitcoin dominance variation over one week, one month and 3 months.
  • Added Bitcoin price variation over one week, one month and 3 months.
  • Added Altcoin market status over one week, one month and 3 months. The state can have the following values (from worst to best): Dump, Down, Stable, Up, Altseason.
  • Addition of tooltips in the various table rows.
  • Some parameter values are now hidden for better readability.
  • Added a version number at the end of parameters.
Release Notes:
  • Removal of BUSD capitalization in the calculation of Bitcoin dominance excluding Stablecoins (caused an error).
Release Notes:
  • Removal of TUSD capitalization in the calculation of Bitcoin dominance excluding Stablecoins (caused an error).
Release Notes:
Addition of an alerting system. This alert can be activated by setting the condition "Blockunity Altseason Index (BAI)" and selecting "Any alert() function call". The alerts sent are as follows:
  • Change in seasonality state.
  • Monthly summary of seasonality state, Bitcoin dominance and index ratio.

Other updates:
  • Correction of a symbol in the market trend calculation.
Blockunity
blockunity.io/
unyx-data.com/
contact@blockunity.io
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Blockunity for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

You can find all the information about the Magic Bands here: unyx-data.com/altseason-index/

Want to use this script on a chart?

Warning: please read before requesting access.