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.

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:

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 caution37.
  
• 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.
  

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 Bitcoin1456.

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. 48.

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 highs281213.
• 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

The post Bitcoin Bulls and Two Signs of AltSeason in April appeared first on Altcoin Opportunities.

It’s a pretty simple formula.

Yet human nature makes us second guess while we make transitions from one phase of our money holdings into the next phase as the trends ebb and flow.

Tracking data of the Altcoin Seasons over time helps us prepare for what may come next with the best cryptocurrencies for 2024.

Dedicated daily altcoin index review to gather the data and long term analysis have let us learn how to look inside the general cryptocurrency trend data of bitcoin dominance and get specific about the best performing dApps, tokens and NFT markets.

Each different wave of altcoin performance can be compared over time to help us better understand the fakeout patterns from the profit-making trends.

As our data is presented in different views, it provides us with an educated perspective about the confirming moments in the trend change – as well as identifying the hottest moments of risk exposure to guard against potential losses.

➜ Altcoin Season Livestream on YouTube!

Our Job As Traders

Our only work is to manage risk. We don’t actually make the money. Our money is tasked with that job and we just position the money and protect it against risk.

We don’t know the future.

And we sure don’t know which one of these coins will pump or crash.

So we must diversify small across all that pass our mark.

And then we manage risk. So our job now is to watch for any of the HOLD status coins to pull back into Partial Hold.

To me – that is a warning to protect my assets.

But I just Got REKT

Look at the murderous price swings that ripped apart so many leveraged traders the past few days.

The stories of liquidations are sad to read.

But our system is prepared for this and expects it actually.

It will happen several more times in the months to come.

I call it Whale Feeding Zone, and your stop loss levels need to be ready for it.

So many exciting charts setting up right now!

The 105 coins in HOLD status may still have opportunities to consider, yet most of those will be higher risk now that they have already passed our entry signal.

Any of the Partial Exit coins that move back into FULL HOLD status are worth a look for some explosive continuation potentials.

BE WARNED

If the 4 hour EMA EXITS start to pick up – that is a warning and we should be reviewing the charts for our EXIT signals.

The Daily Action Matrix Makes It Simple

The Five Stages of The Trade make all of our action points very clear – so we can scan 270+ cryptos every day and sort the data to bring us a control panel that presents only the coins that are passing an action point.

We don’t have to personally scan the price charts to find the best and most important action movers – that info is brought to us.

Created By Crypto Portfolio Managers

➨ We created and improved our interface to make our jobs as easy as possible – and objective as our trading approach should be.

Nothing is left to chance in such a risky game. Every step of the trade is carefully planned well in advance. The diversification is a key component of the plan.

How Crypto Portfolio Managers See Risk:

Rebalance three pools of money to match the cryptocurrency price trends.

Trading the triad of Bitcoin/Cash/Altcoins at the right time is a key component of the plan… every detail works together with a logical part to play in the over all plan.

Oh ya – and you can learn for free.

There are so many crypto scams out there – proof is in the plan. So we give it to you so you understand it. Putting the plan into action takes work and research and that’s where our membership provides so much value to real traders.

The work and research is also what clears out the gamblers who try to follow our trading system.

The post Bitcoin, USDT or Altcoins appeared first on Altcoin Opportunities.

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.

The post How To Build a Crypto Portfolio appeared first on Altcoin Opportunities.

1. Follow the news: Keep an eye on the latest developments in the cryptocurrency industry, including news about new altcoins, regulatory changes, and trends in the market. This can help you get a sense of which altcoins are gaining traction and which ones might be worth exploring further.

How can I stay informed about the best cryptocurrency opportunities? Subscribe to a few of the well known daily email news sources like CryptoCompare and Coindesk.

2. Research the altcoin’s technology and use case: Before investing in an altcoin, it’s important to understand what it does and how it plans to solve real-world problems. Look for altcoins that have a clear and compelling use case, as well as a solid technology platform to support it.

How do I research a cryptocurrency’s technology and use case? Take your time and read through the resources listed in CoinMarketCap. You’ll find links to the project ‘white paper’ and their website. Sign up for newsletters and follow them on social media.

3. Consider the team behind the altcoin: The people behind an altcoin can have a big impact on its success. Look for altcoins with a strong and experienced team that has a track record of delivering results.

How can I assess the strength of a cryptocurrency’s team? Follow through from the project website and find the team members business profiles on LinkedIn. See if you can follow the social media profiles for the team members. A transparent project that is real and valid will ensure they are showboating the quality of the people they have put together.

4. Look at the altcoin’s market cap and liquidity: Market capitalization is a measure of an altcoin’s market value, and it can give you an idea of how well the altcoin is doing relative to other cryptocurrencies. Similarly, liquidity refers to how easily you can buy and sell an altcoin, and it can be an important factor to consider when choosing an altcoin to invest in.

How do I evaluate a cryptocurrency’s market capitalization and liquidity? Websites like CoinGecko and CoinMarketCap will provide the base data, yet it is important to know the best altcoin opportunities in the small cap coins require a different trading strategy. Larger cap coins may trend well over time while the explosive moves in shitcoins are better traded with the popcorn strategy used by Digital Currency Traders.

5. Diversify your portfolio: It’s generally a good idea to diversify your portfolio by investing in a variety of different altcoins, rather than putting all your eggs in one basket. This can help mitigate risk and increase the chances that at least some of your investments will be successful.

What are some strategies for diversifying my cryptocurrency investments? One way is to watch for the same trend trading signal to flash in a group of projects that you have read up on. Simply pick up your well-researched coins when they are passing the threshold to enter, and release them as they pass the exit signal. Check out the Crypto SmartWatch trend following model portfolios for examples.

6. Be cautious: The cryptocurrency market is highly volatile and can be risky, so it’s important to be cautious when investing in altcoins. Make sure to do your due diligence and only invest what you can afford to lose.

Managing risk is the first skill to learn before you consider as you seek out the best altcoin opportunities in 2023. A proven approach for reducing risk in crypto investments should improve your returns and effectively protect your capital at the same time.

A short term life goal should include a specific plan to become a millionaire and crypto is a great place to begin learning about investing and growing your money.

The post Find The Best Altcoin Opportunities for 2023 appeared first on Altcoin Opportunities.