Altcoin Opportunities

Tag: bitcoin dominance

Bitcoin Bulls and Two Signs of AltSeason in April
The AltSeason CoPilot suggests a cautiously bullish outlook for altcoins.

April 4 2024 Altcoin Season Update

Altcoin season represent periods when altcoins significantly outpace Bitcoin in terms of price increases. The AltSeason CoPilot looks inside market indicators such as Bitcoin dominance and stable coin trends, to help traders plan for trend changes in the ALT/BTC price spreads.

April 4 update from the
AltSeason CoPilot daily action matrix:

On the bullish side,

2 new coins into the “New Alert” status, traders have indicators that new potential opportunities are emerging in the market.

No new coins have been added to the “New Hold” status, which suggests a wait-and-see approach for newly tracked coins.

However, the shift of 4 coins into the “Partial to Hold” status indicates that certain altcoins are maintaining their bullish momentum and may be worth retaining in one’s portfolio for the time being.

On the bearish side,

There are signs of potential downsides or profit-taking opportunities with 7 coins shifting into the “Partial Exit” status and 12 coins moving into the “Exit” status.

These figures signal that several cryptocurrencies may have reached their peak or are exhibiting weakening trends, prompting a strategic exit.

For clarity, here is a formatted table summarizing the current actions as per the daily action matrix from the AltSeason CoPilot:

New Alert New Hold Partial to Hold Partial Exit Full Exit
2 0 4 7 12

The AltSeason CoPilot’s proven crypto trading plan emphasizes risk control strategies that are paramount when navigating these seas of change.

Traders are reminded to not only focus on individual asset performance but also to consider overall market trends, Bitcoin dominance, and stable coin movements as indicators of broader investor sentiment.

A conservative approach—one that takes advantage of diversification and focuses on tiny positions for long-term trends—continues to be the cornerstone of trading safely in the altcoin market.

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AltSeason in April

Recent cryptocurrency news has been buzzing with various developments and speculations. Here’s a summary of the top cryptocurrency news from April 2024, quoting top sources from Reddit and Twitter:
- Meme Coin Rally: A significant rally in meme coins such as DOGE, SHIB, BONK, PEPE, and WIF has been observed, which analysts from K33 Research suggest could be an early sign of an impending altcoin season. They also note that Ether (ETH) breaking above $3,500 could confirm the start of altcoins outperforming Bitcoin (BTC)1.
- Bitcoin Halving Anticipation: The Bitcoin community is eagerly anticipating the upcoming halving event, scheduled for April 19th or 20th. Discussions on Reddit reflect a mix of excitement and skepticism, with some users predicting a massive bull run while others urge caution3 7.
- Altcoin Season Index: Technical analyst Kyle du Plessis from the Crypto Banter YouTube channel has indicated that various indicators show the altcoin season has just begun and could continue for the next eight weeks. The altcoin season index is reportedly at a value of 76, where 75 marks the beginning of an altcoin season. 4.
What is the difference between the altseason index and the altseason copilot?

The AltSeason Index and the AltSeason CoPilot are tools designed to assist traders in navigating the cryptocurrency market, specifically focusing on alternative cryptocurrencies (altcoins) beyond Bitcoin.

However, they serve different purposes and operate based on distinct principles.

AltSeason Index

The AltSeason Index is a tool that helps traders identify the optimal timing for investing in altcoins. It provides insights into when an “altcoin season” might be starting, which is a period when altcoins are expected to perform exceptionally well in comparison to Bitcoin. The index is likely based on various market indicators and historical data to predict these seasons.

AltSeason CoPilot

On the other hand, the AltSeason CoPilot is a more comprehensive tool that not only helps in identifying lucrative opportunities during the altcoin season but also offers guidance on profit-taking and exit zones.

It is designed for both portfolio managers and individual traders, providing data and insights to make objective decisions about the market’s rhythms.

The CoPilot is proven as a great tool for taking advantage of altcoin seasons and for trading ALT/BTC price spreads, indicating its utility in making strategic trades between altcoins and Bitcoin1 4 5 6.

Key Differences
- Purpose and Functionality: The AltSeason Index primarily focuses on signaling the start of altcoin seasons, helping traders decide when to invest in altcoins. The AltSeason CoPilot, however, offers specific objective trend trading plan, including profit-taking and exit strategies, and is designed to assist in managing a crypto portfolio more effectively.
- Target Audience: While both tools are aimed at cryptocurrency traders, the CoPilot’s features suggest it might be particularly useful for those with a portfolio to manage or traders looking for more detailed guidance on trading strategies, including when to enter and exit trades.
- Scope of Use: The Index seems to be more about observing the market for altcoin season, whereas the CoPilot provides a more in-depth analysis, including risk management and diversification strategies, to position for altcoin season objectively. 4 8.
In summary, while both the AltSeason Index and the AltSeason CoPilot are valuable tools for cryptocurrency traders interested in altcoins, they cater to slightly different needs within the trading process, with the CoPilot offering a more detailed and strategic approach to trading and portfolio management.
- Investment Strategies on Reddit: Cryptocurrency enthusiasts on Reddit are sharing their favorite altcoins for 2024 and discussing investment strategies. Some users are focusing on altcoins with potential for significant returns, while others are considering diversifying their portfolios or cashing out before the expected highs2 8 12 13.
- Twitter Crypto Discussions: On Twitter, users are listing their top three cryptocurrencies for April 2024, with Bitcoin Price Predictions being a hot topic as the ‘halving’ countdown begins. Bitget.com, KuCoin, and CoinDesk are among the accounts providing updates on the latest crypto news and trends.
It’s important to note that while there is a lot of optimism surrounding the potential for an altcoin season and the impact of the Bitcoin halving, the cryptocurrency market remains highly speculative and volatile.

As such, investors are advised to conduct thorough research and consider their risk tolerance before making investment decisions.

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

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Trade safe and keep those losses small.

Doug
April 4, 2024
When To Hold Altcoin, Bitcoin or Cash

Are you a cryptocurrency Trader? I’m going to share the three places where you should be keeping your money for Perpetual growth.

The Crypto Triad Everyone Should Know

When To Hold Altcoin, Bitcoin or Cash.
The Ultimate Crypto Investing Triad.

I’m going to outline the details of what I see shaping up for crypto right now and I’m going to give you a specific plan so that you know exactly what to do without any news, without anyone telling you when the signals fire,

but before I get into that today,

I was just curious and I wanted to know…

ツ how long have you been watching my channel on YouTube?

ツ …and what are some of the things you find in my videos that are different than other channels?

► √ I’d like you to take a second and leave a comment down below and let me know what’s the most valuable thing that you’re getting here,

► √ let me know what kind of trading approach you focus on and what kind of results have you been getting for the past couple years.

I want to make videos that help you make money and not just waste your time with an opinion.

So let’s jump into the triangle.

The first question that triangle solves is:

should we be holding Bitcoin
or should we be holding cash?

When To Turn Cash Into Bitcoin

Our system solves that with the 123 formation, the break of the trend line and the EMA cross, and our latest signal was to buy Bitcoin on January 25th or so when we noticed that a similar signal was shaping up to what we saw in August.

Then the second question that our triangle solves is when should we be holding altcoins?

So most of the time we should be holding Bitcoin and sometimes we should be holding altcoin.

80 Percent Bitcoin

When we look at the alt season coal pilot spreadsheet from January 25th, we can see that our system had us holding 80% Bitcoin and 20% altcoins at that time.

Bitcoin has taken off, it’s been fantastic!

…but now something has changed.

Today on February 14th,

we see a new wave of coins passing the alert status.

This is occurring at the same time that Bitcoin dominance is showing a strong Divergence from bitcoin price.

Our historical data reveals that a surge in alert status coins is a powerful indicator of the onset of alt season.

In other words,

our system is suggesting that we should be now turning our Bitcoin into small bits of an array of different cryptocurrencies and then we should prepare to manage our risk.

Getting Deployed Into Crypto At The Right Time

You know this is always this part of altcoin season that I really get excited about, everything all setting up, I see these formations building up and I’ll post like crazy in our Discord.

The Only Way For Me To Know…

I’ve always wondered what is holding someone back from changing the way they trade so that it’s easier and takes a lot less time throughout the day.

So recently with a bit of consulting… and some guidance…

I’ve changed our membership so that;

➞ we have a 7-Day free trial so that you can get access to the Altseason Co-Pilot and all the training that goes along with it.

➞ and, you also can book a 30 minute one-on-one call with me.

So if you’re interested,

I can find out more about what you do for your trading approach and what kind of results you’ve been getting compared to the results that you’re really after.

Then I can give you a personal 5-minute tour of how our approach actually works.

And then if it feels like something that you’re looking for, you can just keep your membership going, if not you can cancel it and no harm no foul, off we go.

No matter which way these one-on-one calls go, I always get something great out of those calls and meeting somebody.

So if you’ve been trading for the last couple years and you’re not getting the results that you’ve been wanting, check it out, sign up for the free trial, book the 30-minute call with me and if it doesn’t work out, hey you’ll learn something, I’ll learn something and off we go to the next video.

Trade safe and keep those losses small.

February 14, 2024
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
Introducing Glassnode: The Premier Cryptocurrency Analytics Platform
As the world of cryptocurrency continues to grow and evolve, it has become increasingly important to have access to reliable and accurate data in order to make informed investment decisions.

That’s where Glassnode comes in.

And we are excited to announce our new partnership with GlassNode!

https://studio.glassnode.com/partner/dealcode

The dealcode link works like a Glassnode coupon for a 10% discount!

As the premier cryptocurrency analytics platform, Glassnode provides a wealth of data and insights to help investors stay ahead of the game. With a variety of reports and tools available, Glassnode is the go-to source for anyone looking to invest in the world of crypto.

The Benefits of Glassnode’s Reports

Glassnode offers a range of reports designed to provide investors with the insights they need to make informed investment decisions. Below, we’ll take a closer look at each of these reports and the benefits they offer.
1. The Daily Update
The Daily Update provides a comprehensive overview of the current state of the cryptocurrency market. This report covers a range of metrics, including price movements, trading volumes, and market capitalization. By providing this information in an easy-to-understand format, the Daily Update is an essential tool for anyone looking to stay up-to-date with the latest developments in the world of crypto.
1. The Week On-Chain
The Week On-Chain report offers a deeper dive into the on-chain metrics of cryptocurrencies. This report covers a range of metrics, including transaction volumes, miner revenue, and network health. By analyzing these metrics, investors can gain a better understanding of the fundamental drivers behind the cryptocurrency market. This report is particularly useful for long-term investors who are looking to build a solid portfolio of crypto assets.
1. The Glassnode Alerts
The Glassnode Alerts tool allows investors to set up custom alerts based on a range of metrics, including price movements, network activity, and social media sentiment. This tool is particularly useful for active traders who want to stay on top of market movements and react quickly to any changes. With Glassnode Alerts, investors can be notified immediately when certain thresholds are crossed, allowing them to make informed trading decisions.
1. The Exchange Flows
The Exchange Flows report provides investors with insights into the movements of cryptocurrencies in and out of exchanges. This report covers a range of metrics, including inflows, outflows, and net flows. By analyzing these metrics, investors can gain a better understanding of market sentiment and identify potential buying or selling opportunities. This report is particularly useful for short-term traders who are looking to capitalize on market fluctuations.
1. The NVT Ratio
The NVT Ratio report provides investors with an alternative way to value cryptocurrencies. The NVT Ratio is a simple ratio of market capitalization to on-chain transaction volume. By analyzing this ratio, investors can gain a better understanding of the underlying value of a cryptocurrency. This report is particularly useful for investors who are looking to build a long-term portfolio of crypto assets.

The Critique of Glassnode’s Service

While Glassnode is an excellent resource for anyone looking to invest in the world of cryptocurrency, there are some potential drawbacks and limitations to the service. For example, the top tear service is quite expensive, which may be a barrier to entry for new investors. Additionally, some of the reports are quite technical and may require research and learning for novice investors to understand.

Overall, Glassnode is an incredibly valuable resource for anyone looking to make informed investment decisions in the world of crypto. The reports and tools provided by Glassnode are second to none, and the insights provided can be incredibly valuable for investors at all levels.

https://studio.glassnode.com/partner/dealcode

Alternatives to Glassnode

While Glassnode is the premier cryptocurrency analytics platform, there are a few other data research providers that investors may want to consider. Some of the most popular alternatives include:
1. CryptoQuant
CryptoQuant is a platform that offers a range of tools and reports for cryptocurrency investors.
- Exchange Flows
- Whale Alerts
- Market Data
- Miner Flows
1. Santiment
Santiment is a data research platform that provides a range of metrics and insights for cryptocurrency investors. Their platform offers real-time market sentiment data, on-chain analysis, and social media analytics, making it a powerful tool for investors looking to make informed decisions.
1. Coin Metrics
Coin Metrics is a provider of crypto asset market and network data. Their platform offers a range of tools and reports, including price and volume data, network health metrics, and more. Coin Metrics is known for their deep analysis of on-chain data and their commitment to providing accurate and reliable information.
AltSeason CoPilot

AltSeason CoPilot is a service that provides insights and analysis on the altcoin market, with a focus on identifying potential “altseasons” – periods of time where altcoins outperform Bitcoin. This long running service provides various metrics and indicators to help investors make informed decisions about their altcoin investments. Some of the key features of AltSeason CoPilot include:

Altcoin Performance Metrics

AltSeason CoPilot tracks the performance of various altcoins and provides insights into which coins are likely to outperform in the near future. The service uses various metrics such as bitcoin dominance in 2023, price, trading volume, and market sentiment, to identify potential opportunities for investors.

Technical Analysis

AltSeason CoPilot provides technical analysis of various altcoins, using chart patterns and other indicators to identify potential opportunities. The service also provides educational content on technical analysis, helping investors to better understand how to use these tools to make informed decisions.

The AltSeason CoPilot service does not use social media activity or news coverage to provide insights and analysis on the altcoin market. Instead, the service uses a fully objective trend-following approach that you can learn with their free PDF.
Conclusion

Overall, Glassnode is an incredibly valuable resource for anyone looking to invest in the world of cryptocurrency.

Their reports and tools provide valuable insights that can help investors make informed decisions about their investments. While there are some potential drawbacks to the service, the benefits far outweigh any negatives.

Additionally, there are a few alternative data research providers that investors may want to consider.

However, for the most comprehensive and accurate data, Glassnode remains the premier choice for cryptocurrency analytics.
April 16, 2023
Bitcoin Dominance To Decline in 2023

Do you want to be ahead of the game in the crypto world? Here’s how to prepare for Bitcoin Dominance to Decline in 2023.

Bitcoin has been the king for a while, but it’s time for altcoins to shine.

Here’s why I believe Bitcoin’s dominance will decline in 2023 and what you can do about it.

Bitcoin Dominance to Decline

The Altseason Copilot has a plan ready for when Bitcoin Dominance tops out and starts to decline.

First: Next-gen layer 1 blockchains offer more secure smart contracts, which can transform existing technology.

Second: The integration of Artificial Intelligence and smart contracts may cause explosive growth in the crypto industry. With solid business utility, we can expect more money to flow into crypto. In fact, according to a reports, the AI in Fintech market is expected to grow at a CAGR of 23.37% from 2020 to 2025. Additionally, smart contracts can automate complex transactions, reducing the need for intermediaries and cutting costs. The powerful AI technology of autonomous agents is getting easier to implement for businesses in various industries.

A complete transformation is expected in many job sectors because of the dramatic power of artificial intelligence tools. Read this US Gov Report.

And as more companies embrace it, we can expect to see more money flowing into crypto.

Third: New regulations are making stable coins unstable, leading to a potential avalanche of market cap that will power the next altseason. The Financial Regulators have raised concerns about the risks posed by stablecoins and has recommended stricter rules on these cryptocurrencies. This could lead to a decline in the popularity of stablecoins, which would increase the demand for other cryptocurrencies, including altcoins.

How to Profit Safely From Altcoin Season 2023

Want to learn how to profit from these changes? AND get out at the right time?

Join the AltSeason Copilot and build a diversified portfolio as Bitcoin dominance starts to decline.

Our spreadsheet and trading plan helps you track the altcoin season trends and provides a clear trading plan for insights on when to buy and sell.

By joining the AltSeason Copilot, you can be prepared in advance to build a diversified portfolio when Bitcoin dominance is topping and starting to decline.

Navigate every Altcoin Season with confidence. The Altseason Copilot by introtocryptos.ca

March 28, 2023