Altcoin Opportunities

Tag: altseason

10 Altcoin Opportunities to Watch for in 2023
It’s crucial to have a trading plan to objectively identify the altcoin opportunities to watch in 2023. You must know what to do during different market conditions. Let’s detail how to stay prepared to diversify your portfolio at the right time. How to preserve your capital in bear markets and also preserve the time you need to commit to trading.

An Uncertain World in 2023

As a cryptocurrency investor, you must always be prepared to face the ups and downs of the market. While the recent failure of collapse of Silicon Valley Bank in March and First Republic Bank in April and threats to the US dollar as the global currency bring uncertainty, you must have a trading plan that will stay out of bear markets and help you stay ready for when the altcoin opportunities present themselves.

Ten Altcoin Opportunities to Watch. Compare price charts against our proven trading plan, prepare the next altcoin season!

Altcoin Opportunities In The Big Trends

One key indicator that traders use to determine altcoin opportunities in changing market trends – is Bitcoin Dominance. Bitcoin Dominance is a measure of the total market capitalization of Bitcoin compared to the total market capitalization of all other cryptocurrencies. When Bitcoin Dominance is rising and Bitcoin prices are flat or falling, it’s essential to hold fiat currency to avoid any potential losses. This is because the market is likely in a bearish state, and it’s not the time to make any significant investments.

On the other hand, when Bitcoin Dominance is rising, and Bitcoin prices are also rising, it’s wise to hold Bitcoin. This is because Bitcoin is the most dominant and stable cryptocurrency, and when its price is increasing, it’s a sign of a bullish market. Holding Bitcoin during this time can help you capitalize on the upward trend and potentially increase your profits.

When Bitcoin Dominance is dropping, and Bitcoin prices are rising or remaining stable, it’s time to hold a select group of Altcoins. Altcoins are any cryptocurrency that is not Bitcoin, and they tend to have more volatility in their prices. When Bitcoin prices are stable or rising, and Altcoin prices are increasing, it’s an indication that the market is bullish towards Altcoins. We seek to hold Altcoins as they pass our trading signals during this time. Those that successfully pass our risk control rules may allow us capitalize on the upward trend and potentially increase profits.

Daily Habits To Spot Altcoin Opportunities

Our experienced AltSeason CoPilots understand the importance of having a solid trading plan. We follow a daily routine that involves analyzing 300 ALT/BTC pairs, comparing potential altcoins against the 5 Stages Of The Trade, and implementing risk management strategies to rebalance our diversified portfolio.

We believe that with the right approach, anyone can become a successful altcoin trader.

Altcoin Opportunity Index March 26

Altcoin Opportunity Index April 27

We can see the two charts above show that many ALT/BTC price charts moved into ALERT status through March. But most coins fell back into Neutral. Now we are in a phase of preparation for the next potential altseason wave in 2023 – when ever it should arrive.

An Excerpt From Our Data

Based on the current portfolio status data in the AltSeason CoPilot Spreadsheet, here are 10 altcoin opportunities to watch for in 2023: Some of the chart patterns are in ALERT status while others are in PARTIAL HOLD STATUS. Be sure to download our free Trading Plan PDF to review these price charts.

We are actively monitoring for EXITS to Stage 5 Of The Trade for risk management while being open to potential for this select group of coins to hold their levels.

Past Altcoin Seasons have started quickly, so we remain on sharp attention for any coins that are building a new 1-2-3 bottom.
1. Elrond (EGLD) – A high-throughput blockchain platform with low fees and fast transaction speeds.
2. TRON (TRX) – A blockchain platform for decentralized apps and smart contracts.
3. Manchester City Coin (CITY) – A cryptocurrency launched by Manchester City Football Club.
4. Cartesi (CTSI) – A layer-2 infrastructure that allows for complex computations off-chain.
5. IDEX (IDEX) – A decentralized exchange with a focus on security and user experience.
6. Komodo (KMD) – A blockchain platform with built-in privacy features and cross-chain interoperability.
7. Origin Protocol (OG) – A decentralized marketplace for peer-to-peer commerce.
8. Render Token (RNDR) – A utility token for a decentralized cloud computing network.
9. Injective Protocol (INJ) – A decentralized derivatives exchange with no gas fees.
10. Trader Joe (JOE) – A yield farming platform with innovative features and low fees.
By researching these altcoins and comparing the price charts against our proven trading plan, you can also prepare to take advantage of the next altcoin season!

But remember, we must plan exactly how we will manage risk and preserve capital BEFORE we enter our trade. Check out our Crypto Trading Plan Example PDF and our special Reducing Risk In Crypto Investments article for more tips on risk management.

To stay up to date with the latest altcoin trends and analytics, I recommend checking out Cryptocurrency Analytics and Crypto Trade Tracking. And if you’re interested in technical analysis, be sure to read this Ten Cryptocurrencies Pass our Technical ALERT signals article.

Remember, becoming a successful altcoin trader takes time and effort. But with the right mindset and daily habits, you can achieve your goals. As The AltSeason CoPilot, I trade the ALT/BTC spread with a simple daily routine that can help anyone achieve more success with their Cryptocurrency Portfolio Management in 2023. Good luck on your trading journey!
April 27, 2023
Why Did ACH Pump in February?
What is ACH coin and why did ACH pump in February 2023? Even more, we’ll review the charts to consider will it go even higher from here?

Alchemy Pay (ACH token) is a payment solutions provider that seamlessly connects fiat and crypto economies.

While it is a layer 2 ERC20 token on the Ethereum blockchain – if the project is in a unique position to overcome long-standing barriers and drive mainstream adoption of crypto…

Well then, I want to have a bit of it!

The Pro Alert Signal was published on January 21, and is highlighted in the live view of our Best AltSeason Alert Signals Spreadsheet.

Now in just over a month of time, ACH is one of the top performing altcoins of 2023 so far!

Alchemy Pay’s native token, ACH, experienced a significant pump in February, leaving many investors wondering what the driving force behind this sudden surge in value was.

To understand this huge pump, let’s examine some factors that may have contributed to the token’s value increase.

One of the significant factors that propelled ACH’s price upward was Alchemy Pay’s unique position in the market has given it an edge over other payment solutions providers.

The company’s platform allows users to convert their fiat currency to cryptocurrency and make seamless transactions with merchants who accept cryptocurrency payments.

Current ACH/BTC Price Chart

ACH/BTC Chart by TradingView

This innovative interface between blockchain and fiat systems may be a solution has the potential to drive mainstream adoption of cryptocurrency by making it more accessible to the average consumer.

A Massive Trend Unfolds

To understand the significance of this demographic trend, it’s helpful to compare it to the adoption rates of other disruptive technologies. For instance, the radio took approximately 38 years to reach 50 million users, while television took only 13 years to achieve the same feat. In contrast, Bitcoin has reached the same milestone in just 12 years, highlighting the unprecedented speed at which cryptocurrency is being adopted.

But things may be about to accelerate even more!

The integration of crypto blockchain technology and DeFi protocols with existing software has the potential to significantly accelerate the cycle of adoption.

The cycle to reach 50 million users may now take just months.

By integrating these technologies into existing apps and software, users and business can seamlessly transition into the world of cryptocurrency without needing to change their behavior or download new apps.

The significant advantages of blockchain networks enable users and business to monetize their content and create new revenue streams without having to switch to a new platform.

No understanding of cryptocurrency technology will be required, as users are already familiar with the software and can easily integrate crypto-based features.

New DeFi protocols will enable users to access financial services that were previously unavailable to them, creating a network effect of crypto integration.

When to buy ACH Token

Select AltSeason market signals in early 2023 have been making some big gains in February like this 100+% result from our trade alert for the ACH/BTC pair.

If you’re interested in getting a little stake in the potential future of ACH token… before you purchase ACH tokens from a cryptocurrency exchange, such as Binance or BitGet – get familiar with the common cycle of altcoin seasons.

What Is AltSeason, Step By Step

Recalling that 80% of new traders lose money, we need to start better prepared than those people. We need a specific plan so we can identify in advance which altcoins are most likely to experience rapid price growth.
1. Learn about Bitcoin Dominance and more:
  AltSeason Explained, Step By Step
2. AND – before we START – we need to know and practice our protection plan over and over again so we use it like a habit.
ACH/BTC is one of the 300+ tokens that we cover in the 5 Star Rated Crypto SmartWatch model portfolio tracker.

A trading plan that you understand from entry to exit, is all you need to successfully make profit crypto trading the altcoin seasons.

Check out our powerful Altseason Tradingview Indicator and tips on how to teach yourself crypto trading.

Check out more details about Alchemy Pay and ACH token on CoinMarketcap.

Connect With Alchemy Pay

https://alchemypay.medium.com/

Tweets by AlchemyPay

In conclusion, the integration of crypto blockchain technology and Alchemy Pay’s native token, ACH, with existing software has the potential to significantly accelerate the cycle of adoption.
March 1, 2023
How To Build a Crypto Portfolio
Build a crypto portfolio at the right time you can make huge gains from each AltSeason. After plotting out every Altcoin Season over the past four years, our team came up with a list of things to consider when building out a diversified crypto portfolio in a trend following trading plan.

Your Big Picture Plan

Asset allocation: Use a percentage approach to diversify your total assets into different investment pools, cash savings, precious metals, revenue generating assets, stocks and an investment pool into crypto. Crypto is amazing, crypto is great… AND we also need a broad financial plan.

Your investment pool in crypto may only represent 20% of your overall wealth. And the crypto investment strategy should include a trading plan based on price change and a distribution plan to diversify crypto profits to assure your personal long term wealth and financial security.

If you are 100% focused on crypto, start making a plan to invest your profits into a small revenue generating asset. For example, purchase a hardware computer as a passive income generating strategy like providing computing power or cloud storage…

Your Best Crypto Portfolio

Risk management is our job as traders. As we plan to build the list of best cryptocurrencies to hold in 2023, we’ll start out with small position sizes across many different coins.

Getting Set Up

Here are a few points to check off as you prepare to build your next crypto portfolio:
1. Position sizing: Consider smaller position sizes across more markets. Less than 2% of your crypto investment pool into any one coin or token.
2. Risk management: Consider your stop loss order as the ‘insurance fee’ you are willing to pay to have your money watch that price chart. Our job is to limit potential losses and protect capital.
3. Market selection: Selecting markets that pass our AltSeason TradingView Indicator are likely to continue to trend and increase the chances of holding the best performing coins in 2023.
4. Diversify across blockchains: research the top dApp projects on each Layer1 Protocol to help improve exposure to industry disrupting technologies.
5. Time horizon: Take time off the table when building a diversified portfolio and simply follow the ebb and flow of altcoin season.
Your Crypto Profits

Altcoin Seasons come and go. After every altcoin season is finished and we’ve closed most of our trades, it’s time to move those profits. Crypto seasons come and go once or twice each year and we can begin to plan that assumption into our long term financial plan of becoming a crypto millionaire.
1. Tax implications: Tax implications of a trend following portfolio are more likely to fall under long-term capital gains. Be informed. We recommend CoinTracking as a tool that every crypto trader should use to generate sample tax reports.
2. Rebalancing: Only rebalance your crypto portfolio as more markets are passing our Altcoin Season entry or exit signals to optimize returns over time. The Crypto SmartWatch Daily Action Matrix can save you hours of chart scanning every week!
3. Monitoring: Regularly monitor the performance of the crypto portfolio. Send profits off exchange. Be sure to own a cold storage hardware wallet and we recommend keeping that hardware wallet in a safety deposit box in a bank vault.
Leverage Not Required

Avoid the use of leverage: Careful consideration should be given to the use of leverage, as it can magnify both gains and losses. The random volatile nature of crypto is enough to ruin good trades – even if you are right – when leverage is added to crypto trading.

When To Get In

To understand altcoin season, it’s important to understand how Bitcoin Dominance and Altcoin Season are related and what other tools may give a more clear picture.

Watch the progression of Altcoin Season

The following sequence of pie charts show the approach of the January 2023 mini bull market in altcoin prices. The surge of price bullishness can be observed as the number of ALERT status coins increased day by day.

When To Get Out

Your exit signal is the most overlooked part of the trading plan for new traders. Pro Traders know that managing risk is our only job, and must know all your exit signals as a reflexive, memorized habit.

The Crypto SmartWatch control panel and daily action matrix make it easy to stay in tune with altcoin season as it passes.

Let go of those coins (yes, even let go of those amazing projects) that drop below the exit criteria. Let go of them with confidence… because our trend following system will pick them up again later.

AltSeason Waves

The Pie Charts above can also be plotted over time to give us a deeper understanding of the Altcoin Season momentum.

The Crypto SmartWatch is an objective crypto portfolio tool that can help us focus our attention onto the segment of the 100’s of Altcoins to find those projects that have best investor interest and perhaps build a crypto portfolio full of the best cryptocurrencies to hold for 2023.
January 21, 2023
Passive Income with Akash Cloud Computing

Akash Network is a decentralized, open-source cloud computing marketplace that allows providers to earn passive income with Akash and provides customers a marketplace to rent computing resources from providers around the world.

The Akash token (AKT) is one of a list of projects based on the Cosmos Hub, and AKT is used as the primary currency for buying and selling computing resources on the marketplace.

AKTUSDT Chart by TradingView

Earn from your GPU’s with NiceHash

Disrupting The Cloud

The get started with the Akash Network to participate and compete against centralized cloud computing providers such as Amazon Web Services, Microsoft Azure, and Google Cloud. It aims to provide a more decentralized and open marketplace for cloud computing resources, which can potentially lead to lower prices and greater innovation.

The customers that Akash Network is aiming to service include developers, businesses, and organizations that rely on cloud computing resources to run their applications and services. The platform is designed to be easy to use and allows customers to quickly find and rent the computing resources they need at a competitive price.

How can I invest in Akash (AKT)?

Akash Network crypto refers to the Akash token which is the native cryptocurrency of the Akash Network. The token is used to buy and sell computing resources on the marketplace.

To invest in Akash Network, you can earn AKT by providing computing power or purchase it on a cryptocurrency exchange that supports trading of the AKT token. It is also important to note that Akash tokens may also be earned through staking or liquidity provision on certain platforms.

Can you earn passive income with Akash?

Yes, it is possible to earn passive income with Akash by contributing computing resources to the Akash network, providers can earn Akash tokens as a reward for their contributions.

These tokens can then be sold on a cryptocurrency exchange or used to purchase computing resources on the marketplace. However, it’s important to note that earning passive income through providing computer power to the Akash marketplace may depend on various factors such as the demand for the resources you are providing, the amount of resources you are providing, and the current value of the Akash token.

January 18, 2023