The AltSeason CoPilot’s analytical systems have recently identified current market trends that are signaling a mixed sentiment among market participants.

Presently, we are observing that there are zero new coins in the “New Alert” status and only one coin has been placed in the “New Hold” status.

There are no coins transitioning to the “Partial to Hold” status, pointing to a cautious approach from investors.

Specifically, there are 12 coins falling under the “Partial Exit” status, suggesting a strategic retreat or reallocation of resources in response to market conditions. Furthermore, 7 coins are now in the “Full Exit” status, indicating a recommendation to fully close positions on those assets, hence confirming a more widespread defensive stance.

The mixed sentiments expressed through the AltSeason CoPilot signals show a market that is cautiously optimistic yet prepared for potential adverse movements.

Key Cryptocurrency News:

• Crypto Market Liquidations: The cryptocurrency market experienced significant liquidations, with over $400 million in bullish bets being liquidated. This was primarily due to a sharp decline in major tokens such as Bitcoin, Ether, Cardano’s ADA, and BNB Chain’s BNB. Solana and Dogecoin were among the hardest hit, with Solana dropping 7% and Dogecoin more than 8%14.
• Bitcoin’s Price Movement: Bitcoin’s price fell by approximately 5.8% to $66,398, influenced by stronger dollar conditions and the release of US manufacturing sector data for March, which rose more than expected17. 
  
  This decline was part of a broader market pullback, with Bitcoin struggling to consolidate above the $71,000 level due to resistance and broader market caution against riskier assets1.
  
• Dogecoin’s Significant Drop: Dogecoin’s price experienced a notable decline, crashing 14% amid the broader market pullback. This was part of the overall trend of major cryptocurrencies facing downward pressure5.
• Overall Market Sentiment: The global cryptocurrency market has notably declined, with Bitcoin dipping close to the $66,000 mark. This downturn is attributed to a combination of factors including a stronger dollar, strategic profit-taking among long-term holders, and broader market caution16.

The AltSeason CoPilot approach emphasizes the importance of risk management and diversification in trading.

By leveraging data-driven insights and a rigorous trading plan, the strategy aims to navigate through the volatile waters of the cryptocurrency market safely.

It endorses entering and exiting trades based on meticulous analysis rather than speculative impulses, reducing exposure during bearish periods and capitalizing on bullish markets by identifying strong performers amongst altcoins.

Key Trading Tips To Remember

This article was created based on our unique data and trading approach. Access everything with our 7 day trial. Join successful thousands and learn to profit from trend trading.

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 char above is our Altseason Index.

In summary, current assessments advise a more guarded positioning, focusing on maintaining the value of existing portfolios while remaining vigilant for emerging opportunities.

The approach fosters disciplined trading, ensuring investors can pivot with agility and confidence, always aligned with the prevailing market narrative and risk appetite.

The post Will Strong Dollar Staunch Crypto Surge? appeared first on Altcoin Opportunities.

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.

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!

The post 10 Altcoin Opportunities to Watch for in 2023 appeared first on Altcoin Opportunities.

At the end of the post, we’ll close with a brief list of cryptocurrencies that are also showing these EXACT same common factors!

JOE/BTC chart

The trade signal was published on March 20 after JOE/BTC consolidated following a strong breakout a few days prior. Waiting for a consolidation like this begins with knowing this chart pattern so you can recognize it before The Start of Altcoin Season – then the secret is to scan many markets and trade those that have this pattern… rather than waiting and anticipating for YOUR market to make this pattern.

Now, on April 6, the JOE/BTC trade has many different strategies for managing the stop loss. The AltSeason CoPilot will close the position according to this TradingView AltSeason Indicator, while the PRO ALERTS will leave the stop way back, just above the entry.

LINA/BTC Chart

The trade alert signal for the LINA/BTC trade example was published March 26. Price had demonstrated two strong prepump patterns followed by a steady selloff, and having returned to historical support levels, our system had a Risk to Reward ratio that was in our favor.

In the April 6 screenshot we can see our stop level is above our entry and risk is managed on this trade. So long as the open profit is over 51% gains, this trade will be featured in our live list of Best Coins For Altcoin Season 2023.

OAX/BTC Chart

On March 23, the OAX/BTC trade signal was published based on this long term pattern. OAX held higher lows vs BTC from September 2022, May of 2023 and now making a 1-2-3 bottom right at historical levels… This combination chart patterns didn’t give much warning before the surge – and now, something even more exciting is building up!

OAX/BTC price has pulled back and found a consolidation that is almost EXACTLY what our trading plan looks for – not as the start of altseason, but as our add on signal!

Should price break above our second buy signal, we can move the stop losses above our average entry price, and we have successfully increased our position size without increasing risk!

The AltSeason CoPilot trading plan has no provision for adding on, but instead, would be watching to exit the position because the 4 hour EMA’s have crossed bearish!!

Only our PRO ALERTS signals provide this approach – both in our model portfolio spreadsheets, and in our Automated 3commas Trading Bots.

List of New ALERT Cryptocurrencies

April 5

April 6

AltSeason CoPilot is suggesting that we should be completing the work of Stage 1 of the trade on those 29 trading pairs! The Daily Action Matrix makes it simple and easy to double check your trades.

Learn all 5 Stages Of The Trade in our Free Crypto Trading Plan PDF. See how.

It’s good to plot the number of ALERT status coins over time so we can see when they have been growing or declining over time. This graph below provides an important perspective on the importance of this shift in Altcoin Season 2023!

We plotted the number of ALERTS, and we can see how they were slowly the past week or so, but overnight we have a large group of coins that have completed 2 of 3 of the requirements for the AltSeason CoPilot to flash a buy signal!

The Start of AltcoinSeason 2023

The ALTSEASON Opportunities meter jumped higher, and the ALTSEASON Entry Index remains maxed out!!

Learn more about The 5 Stages Of The Trade in the Free Crypto Trading Plan PDF.

Don’t let ANOTHER altcoin season pass you by without a clear plan to practice!

The post Three Coins Mark The Start of Altcoin Season 2023 appeared first on Altcoin Opportunities.