The presence of New Alert status coins typically signifies fresh momentum and opportunities for traders to capitalize on early stages of potential upward trends.
The AltSeason CoPilot report for 2024-04-08
As of the latest update from the AltSeason CoPilot, cryptocurrency market trends reveal bullish factors with the emergent of 3 New Alert status coins and 1 Partial To Hold status coin.
On the flip side, the market has indicated some cautionary signs with 2 coins in Partial Exit status and 3 coins entering Full Exit status, signifying potential bearish sentiment or profit-taking phases as per the AltSeason CoPilot’s trading plan.
The Partial to Hold status, while more conservative, suggests that specific altcoins still maintain a positive outlook, warranting a continued but watchful investment.
However, the bearish indicators marked by coins in Partial and Full Exit statuses should alert investors to reassess their positions in these assets.
Partial Exit suggests that it may be prudent to realize some profits or reduce exposure, whereas Full Exit indicates a more decisive recommendation to close positions, possibly due to unfavorable market conditions or weakening trends.
Here is a table summarizing the status updates mentioned above for clarity:
| New Alert | New Hold | Partial to Hold | Partial Exit | Full Exit |
|---|---|---|---|---|
| 3 | 0 | 1 | 2 | 3 |
Today, the AltSeason CoPilot’s daily updates showcase a balanced field of opportunity and preparation.
Bitcoin Dominance
Two ‘Filter Periods’
Where the AltSeason CoPilot
separates out the strong projects
from the crowd before the
big moves start
As cryptocurrency markets can be highly volatile, it is crucial to employ a comprehensive trading plan that emphasizes risk control strategies.
The AltSeason CoPilot provides an advantage for our traders to identify market conditions and separate specific coins from the group.
The gap between the surge in ALERT status coins followed by the surge in HOLD status coins helps us verify where ALT/BTC pairs out performed the market average in the past altcoin seasons.
Our strategy is to diversify our investment portfolio with tiny trades across each coin that passes our pattern, and reacting to new data each day.
This approach ensures traders are positioned to not only pursue growth during advantageous market phases but also protect their capital when the market sentiment shifts.
By carefully observing altcoin season signals and adjusting with the Daily Action Matrix, investors can invest in dynamic cryptocurrency ecosystem with just minutes per day.
If you’re tired of constantly monitoring the cryptocurrency market and want to save time, without missing out on potential altcoin gains, then this is for you.
If you have no idea how to identify the right altcoins to invest in during an altcoin season and would rather leave the research to the experts, then keep reading.
What is Altcoin Season?
Altcoin season refers to a period in the cryptocurrency market when altcoins experience significant price appreciation, often following a bull run in Bitcoin. These price surges can lead to substantial returns for investors.
Why is Altcoin Season Such a Big Deal?
An altcoin season presents an excellent opportunity for investors to potentially earn higher returns compared to investing in Bitcoin alone.
The price volatility during this time can lead to big moves in the market, potentially resulting in significant profits.
How it Works:
Step 1: Continuous Manual Monitoring – Our team reviews every chart for market trends and patterns, keeping our spreadsheet updated with an objective perspective of the cryptocurrency price trends.
Step 2: Proven Method – Using our written trading plan, we identify charts that are crossing our trend change signals.
Step 3: 20 Minute Daily Routine – We have no need to investigate each altcoin, its underlying technology, team, social media or news.
Step 4: Trade The Pattern Not The Coin – We share coins that cross our entry and our exit signals.
Step 5: Make Your Money Work For You – Trade is such a way that your money watches the charts – while you do something else.
This post was created from the AltSeason CoPilot data using ChatGPT, Perplexity AI with Make.com automation.
Sign up for the AltSeason CoPilot. Each day we manually review each altcoin/btc chart and we update the trade status as we rebalance our model portfolio from day to day. The pie chart above is our Altseason Index.
Risk Disclaimer
You should not invest money that you cannot afford to lose. Seek advice from a certified independent financial adviser if you have any doubts.
Nothing in our training products are a promise or guarantee of earnings.
Please read our https://introtocryptos.ca/about/terms
Crypto Authors: Write for us
Connect on Twitter and Linkedin
Trade safe and keep those losses small.
Doug
