AI Chart Review:
In analyzing the provided TradingView chart for NTRN/BTC on a 4-hour timeframe, several notable patterns and technical signals are present:

1. **Downtrend Observation**: The overall price action shows a significant downtrend from the beginning of the year through to late August. The price has formed lower highs and lower lows, characteristic of a bearish market.

2. **Support Level**: There is a clear horizontal support level around 0.00000600. The price is currently testing this level, which could indicate a potential reversal point if it holds.

3. **Bottom Formation**: The recent price action suggests the formation of a potential bottom. The consolidation phase is visible, with a series of small bodies indicating reduced volatility and uncertainty.

4. **EMA Crossover**: The chart shows an instance where the EMAs (Exponential Moving Averages) are converging, hinting at a possible crossover, which could serve as an early signal for a trend change. Observing this crossover closely will be crucial for confirming any shift in momentum.

5. **Volume Analysis**: Smaller candles in the recent weeks indicate decreasing momentum in the downward trend. If volume begins to increase while the price approaches the support, it could suggest accumulation, potentially leading to a reversal.

6. **Potential Breakout Area**: If the price were to break above the recent highs, it could signal a bullish reversal. Keeping track of these levels and any subsequent breakout would be key in confirming a change in trend.

In summary, while the chart exhibits a currently bearish trend, the support level and potential bottom formation signal a critical point for observation moving forward. The interactions with the EMA and volume dynamics will provide further insights into any potential trend changes.

NTRN flashed an STP Hold trading signal on 8/23/2024 2:26:00

➢ token: NTRN
➢ trade type: STP
➢ trade signal: Hold
➢ date and time: 8/23/2024 2:26:00
➢ target entry: 0.00000685
➢ stop loss: 0.00000573
➢ risk: -16.35036496
➢ alert: screenshot

See the Top Profit Position from the top PRO ALERT signals here.

Start your 7 Day Trial or join our Copy Trade Wait List or just get the AltSeason Indicator.

What is NTRN Token?

NTRN Token, commonly known as Neutrino Token, is the native cryptocurrency of the Neutrino Protocol, which is designed to enable a variety of decentralized financial (DeFi) applications. The protocol aims to provide stablecoins and other synthetic assets on the blockchain, facilitating a more robust ecosystem for users who wish to engage in decentralized trading, lending, and financial transactions directly on the blockchain.

➤ Key Features of NTRN Token:

➝ Stablecoin Creation: Neutrino Protocol allows users to mint stablecoins that are pegged to various assets, providing more stability and usability within the crypto space.

➝ Decentralized Governance: Token holders are granted governance rights, enabling them to participate in key decisions, weigh in on protocol upgrades, and vote on significant proposals that shape the future of the project.

➝ High Liquidity: Thanks to its ability to synthesize assets and pair them with liquidity pools, NTRN enhances trading liquidity, making it easier for users to enter and exit positions.

➝ Interoperability: Neutrino Protocol focuses on cross-chain functionality, allowing seamless transactions between different blockchain ecosystems.

Recent Social Media Activity:

Analyzing the recent social media activity surrounding Neutrino Token, the project’s official Twitter account has shown heightened engagement, with several updates about developments and new partnerships. Key highlights include:

➞ New Feature Announcement: A recent tweet detailed the upcoming implementation of a novel feature intended to streamline the minting process for new stablecoins on the protocol. This has generated excitement within the community.

➞ Partner Integrations: The Neutrino team announced a partnership with a well-known decentralized exchange, which aims to enhance liquidity and trading options for NTRN holders.

➞ Community Engagement: The project has been actively responding to community inquiries, which indicates a commitment to user feedback and continuous improvement. Regular Twitter Spaces are being held for discussions, Q&As, and announcements.

These updates suggest a positive trajectory for NTRN Token, potentially supporting recent price movements as the project continues attracting interest from users and investors. The excitement around partnerships and new features is likely contributing to the favorability of NTRN in current trading conditions. For further information, stakeholders are encouraged to follow the Neutrino Protocol’s Twitter and official communication channels for ongoing updates.

The post A Bullish Reversal Just FLASHED for NTRN/BTC appeared first on Altcoin Opportunities.

AI Chart Review:
In the provided TradingView chart of PENDLE/BTC, we can observe several notable aspects related to trend change formations.

1. **Bottom Formation**: The price appears to have established a potential bottom around the 0.00004230 level. This area has acted as a support zone where the price has bounced back after several dips. The upward movement following these lows could indicate a reversal pattern forming.

2. **Trendline Break**: There seems to be a developing upward momentum, particularly after the recent price action has managed to close above a downward trendline. This could suggest that the bearish trend may be losing strength, which is characteristic of a potential trend change.

3. **EMA Crossovers**: Observing the EMA (Exponential Moving Average) lines, there seems to be an impending crossover, indicating a change in momentum might be approaching. A crossover of shorter-term EMAs above longer-term EMAs typically suggests a bullish signal.

4. **Volume Analysis**: While not detailed in the image, any significant volume increase accompanying price movements could strongly reinforce the observed patterns, confirming the strength of the potential trend change.

Overall, the chart exhibits signs of a possible trend reversal with established support levels and recent bullish price action indicating a shift in market sentiment. Further confirmation may come from subsequent price movements and the behavior of the EMAs in the coming trading sessions.

PENDLE flashed a ‘123 4hr’ Hold trading signal on 8/23/2024 0:55:59

➢ token: PENDLE
➢ trade type: ‘123 4hr’
➢ trade signal: Hold
➢ date and time: 8/23/2024 0:55:59
➢ target entry: 0.00005063
➢ stop loss: 0.00004239
➢ risk: -16.27493581
➢ alert: screenshot

See the Top Profit Position from the top PRO ALERT signals here.

Start your 7 Day Trial or join our Copy Trade Wait List or just get the AltSeason Indicator.

What is Pendle Token?

Pendle (PENDLE) is an innovative DeFi project that focuses on yield tokenization, enabling users to unlock the yield generation potential of their crypto assets. The platform allows users to mint and trade “yield tokens” representing future earnings of underlying assets, thereby enhancing liquidity in the DeFi space.

➤ Key Features of Pendle Token (PENDLE):

➝ Yield Tokenization: Pendle enables users to separate the ownership of their underlying assets from the yield they generate, allowing for flexible financial strategies.

➝ Liquidity Provision: By tokenizing yield, users can trade their yield tokens on Pendle’s marketplace, providing more liquidity options and capitalizing on better yields.

➝ Customizable Strategies: Users can create their own yield strategies by combining various assets and yield tokens, optimizing their earnings potential.

➝ Multi-chain Compatibility: Pendle has been working towards integrating with several blockchain networks, which enhances its usability and reach.

➤ Recent Developments and Social Media Activity:

In recent months, Pendle has been actively engaged on social media platforms, particularly Twitter, where they share project updates, insights on DeFi trends, and community interactions.

Most notably, the project recently announced an upcoming upgrade to the Pendle protocol that promises to enhance user experience and efficiency. This upgrade is expected to introduce new features that will broaden the scope of yield tokenization, further driving user interest and participation.

Additionally, Pendle has been involved in collaborative partnerships with other DeFi projects, positioning itself as a key player in the yield farming ecosystem. These partnerships aim to amplify liquidity and provide users with an even broader array of earning options, signaling strong community backing and increasing confidence among investors.

The recent price movements for Pendle seem to be aligned with these announcements and community engagement efforts, indicating a positive market response to the project’s developments.

For detailed insights and the latest updates, followers can check Pendle’s official Twitter account and community channels to stay informed about ongoing developments and to see how the project continues to evolve in the dynamic DeFi landscape.

The post PENDLE/BTC Flashes HOLD Signal appeared first on Altcoin Opportunities.

Key Indicators Hint at Potential Shift, But Is it Enough?

AI Chart Review:
In the provided TradingView chart for TRB/BTC on the 4-hour timeframe, several key observations regarding trend change formations can be noted:

1. **Overall Trend**: The chart shows a strong downtrend from January through mid-July, characterized by lower lows and lower highs, indicating consistent selling pressure.

2. **Recent Price Action**: In late July and August, the price appears to be consolidating near the lower boundary around 0.00085-0.00088. This tight range could suggest that the market is pausing before making a significant move, which is often indicative of a potential reversal or continuation pattern.

3. **Support Level**: The horizontal line around 0.00085 serves as a notable support level. Observing how the price interacts with this level will be crucial in assessing any possible trend change.

4. **EMA (Exponential Moving Average) Interaction**: The chart shows the EMA lines closely trailing the price. A crossover of the shorter-term EMA above the longer-term EMA would typically serve as a bullish signal, indicating potential upward momentum. Currently, the EMAs are somewhat flat, suggesting indecision in the market.

5. **Volume Dynamics**: If there is an increase in volume accompanying any breakout above the consolidation zone, it could provide further confirmation of a trend change.

6. **Previous Highs and Lows**: The price has reacted to previous swing highs and lows, with the most recent price action forming higher lows as it approaches the support level. This pattern could be an indication of potential accumulation and a shift in market sentiment.

7. **Volatility**: Notably, the large candlestick movements in late May indicated a quick shift, which may have created a volatility signature that traders might look for as confirmation of trend changes in the future.

Overall, the chart presents a setup where traders should closely monitor the support level and the behavior of the EMAs for signs of a potential trend reversal.

TRB flashed a ‘springboard’ Hold trading signal on 8/23/2024 0:26:18

➢ token: TRB
➢ trade type: springboard
➢ trade signal: Hold
➢ date and time: 8/23/2024 0:26:18
➢ target entry: 0.00104811
➢ stop loss: 0.00085511
➢ risk: -18.41409776
➢ alert: screenshot

See the Top Profit Position from the top PRO ALERT signals here.

Start your 7 Day Trial or join our Copy Trade Wait List or just get the AltSeason Indicator.

What is The Rebel (TRB) Token?

The Rebel Token (TRB) is the native cryptocurrency for the Tether ecosystem, focusing on decentralized finance (DeFi) innovations. The project aims to enhance financial accessibility by offering tools and services that empower users, enabling them to take control of their financial transactions and investments in a secure environment.

➤ Key Features of TRB:

➝ Decentralized Oracle Solutions: TRB functions as a decentralized oracle network, providing real-world data to smart contracts. This feature is critical for numerous applications within the blockchain ecosystem, particularly in DeFi, where accurate data feeds are essential for optimal functioning and transparency.

➝ Staking and Rewards: TRB holders can stake their tokens to contribute to network security and earn rewards. The staking mechanism incentivizes users to participate actively in the network, fostering a more robust community.

➝ Governance: Investors in TRB Tokens have a say in the project’s future direction through a democratic voting process, allowing them to influence key decisions, upgrades, and proposals.

➝ Multi-Chain Compatibility: The Rebel Token aims to operate across various blockchain ecosystems, enhancing its utility and ensuring broad accessibility for users.

Recent Social Media Activity:

Recent updates from The Rebel project’s social media channels indicate an uptick in community engagement and development announcements. The official Twitter account and Telegram groups have been buzzing with activity, featuring insights on protocol upgrades, partnerships, and ongoing developments.

➤ Notable Mentions:

– **Partnership Announcements**: The Rebel team recently announced strategic partnerships that expand its ecosystem, enhancing its utility and outreach. These partnerships include integrations with several DeFi platforms, which could help elevate the visibility and usage of TRB tokens.

– **Community Events**: There have been various AMAs (Ask Me Anything) and community events announced, which are crucial for fostering user engagement and driving community-led development.

– **Innovative Updates**: The project team shared progress on new features being developed for the platform, indicating ongoing efforts towards improvement and innovation within the ecosystem.

Overall, the combination of positive community interaction, strategic partnerships, and ongoing developments may provide the foundation for recent price movements in the TRB token. Keeping an eye on these developments and community sentiments on social media can offer insights into future performance and potential growth. For more information, interested parties are encouraged to follow The Rebel’s official channels for continuous updates.

The post TRB/BTC Downtrend Crisis: Is a Major Trend Reversal Brewing? appeared first on Altcoin Opportunities.

AI Chart Review:
Let’s analyze the provided TradingView chart of INJ/BTC on the 4-hour timeframe:

1. **Trend Structure**: The chart shows a clear downtrend since early 2023, characterized by lower highs and lower lows. This indicates a bearish sentiment in the market.

2. **Support Level**: A significant horizontal support level is visible around the 0.00003125 level. Recent price action appears to be testing this support, indicating potential for a reversal if buying pressure increases.

3. **Consolidation and Bottom Formation**: The price has been consolidating at the support level for an extended period. This could suggest the formation of a potential bottom pattern, which might precede a trend reversal.

4. **EMA and Trendlines**: The exponential moving average (EMA) appears to be in a bearish configuration, with the price below the EMA line. A possible crossover could emerge if the price starts moving upward and crosses above the EMA, which would be a significant bullish signal.

5. **Volume and Price Action**: Observing the volume, if there’s an increase during upward movements, it could indicate strong buying interest. Conversely, low volume during downward movements may suggest a lack of selling pressure, supporting the case for a potential reversal.

Overall, this chart presents a scenario where the current market could be preparing for a potential trend change, but confirmation through a break of resistance or an EMA crossover would be important to validate any bullish sentiment.

INJ flashed a ‘123 4hr’ Hold trading signal on 8/22/2024 22:55:52

➢ token: INJ
➢ trade type: 123 4hr
➢ trade signal: Hold
➢ date and time: 8/22/2024 22:55:52
➢ target entry: 0.00034031
➢ stop loss: 0.00028731
➢ risk: -15.57403544
➢ alert: screenshot

See the Top Profit Position from the top PRO ALERT signals here.

Start your 7 Day Trial or join our Copy Trade Wait List or just get the AltSeason Indicator.

What is Injective Protocol (INJ)?

Injective Protocol (INJ) is a layer-2 decentralized exchange (DEX) built on the Cosmos blockchain designed to facilitate trustless trading of any cryptocurrency through unique order types, cross-chain trading, and access to decentralized derivatives markets. The platform aims to provide a seamless trading experience by eliminating gas fees and offering customizable trading options, thus catering to both retail and institutional investors.

➤ Key Features of Injective Protocol (INJ):

↳ Permissionless Trading: Injective allows users to engage in trading activities without the need for intermediaries, ensuring greater security and privacy.

↳ Cross-Chain Compatibility: The protocol supports trading across multiple blockchains, giving users access to a wider range of assets and trading pairs.

↳ Customizable Order Types: Injective offers a variety of advanced order types, allowing traders to implement complex strategies that would typically require advanced algorithms.

↳ Decentralized Derivatives Trading: Users can trade various derivatives products without compromise on security or privacy, enhancing the overall trading experience.

➤ Recent Social Media Activity:

Recent updates from Injective Protocol’s official Twitter account indicate significant developments and community engagement. The project has been actively promoting new partnerships and integrations that could potentially enhance its ecosystem. In particular, announcements about collaborations with other blockchain projects to facilitate cross-chain functionalities have generated interest and excitement in the community.

Notably, there have been discussions around the launch of new trading products and features on the platform. This has likely contributed to recent price movements, as traders and investors respond to the positive outlook surrounding the platform’s development and potential for user growth.

The Injective community is also very active in discussions around governance proposals, indicating a strong commitment to maintaining transparency and inclusivity in decision-making. This participatory approach fosters trust and engagement among users, essential for sustaining long-term growth.

Overall, Injective Protocol’s recent social media activity reflects a positive trajectory, showcasing advancements and community involvement that could positively influence the price dynamics of the INJ token. For ongoing updates and detailed insights, following their official channels on Twitter and Medium is recommended.

The post INJ/BTC 4-Hour Bullish Reversal Breakout appeared first on Altcoin Opportunities.

1. **Trendline Analysis**: A clear downward trendline has been established from the highs observed earlier in the year. The price action has consistently failed to break above this trendline, suggesting a prevailing bearish sentiment.

2. **Bottom Formation**: Recently, the price seems to be forming a potential bottom. The consolidation around the lower price levels indicates a possible accumulation phase, which could suggest a reversal if accompanied by higher volume.

3. **EMA Crossovers**: The chart indicates that the moving averages (EMAs) are closely moving toward a crossover. If the shorter EMA crosses above the longer one, this could be seen as a bullish signal, especially if it happens near the bottom formation.

4. **Volume Patterns**: Observing the volume during recent price movements might provide additional insights. Increased volume could signify strong buying interest, potentially confirming a trend change.

5. **Support Level**: The price action appears to be testing a significant support level. How the price behaves at this level could influence future movements and provide further confirmation or rejection of the current potential reversal pattern.

Overall, the combination of the established trendline, potential bottom formation, and EMA dynamics paints an interesting picture for possible trend changes. Monitoring these indicators closely will be essential to assess whether a bullish reversal could materialize.

BAND flashed a ‘springboard’ Hold trading signal on 8/22/2024 21:40:34

➢ token: BAND
➢ trade type: springboard
➢ trade signal: Hold
➢ date and time: 8/22/2024 21:40:34
➢ target entry: 0.00002021
➢ stop loss: 0.00001719
➢ risk: -14.94309748
➢ alert: screenshot

See the Top Profit Position from the top PRO ALERT signals here.

Start your 7 Day Trial or join our Copy Trade Wait List.

What is BAND Token?

BAND Token is the native cryptocurrency of Band Protocol, a decentralized oracle network that aims to connect smart contracts with real-world data. The protocol enables developers to access a wide range of off-chain data feeds, allowing them to build more powerful and versatile decentralized applications (dApps). Band Protocol provides a scalable and secure solution to data availability on blockchain platforms, enhancing the functionality of various cryptocurrency projects.

➤ Key Features of BAND Token:

↳ Decentralized Oracle Network: Band Protocol aggregates and verifies real-world data from various sources, allowing smart contracts to access trustworthy information without relying on a single point of failure.

↳ Cross-Chain Compatibility: Band Protocol supports multiple blockchains, including Ethereum, Binance Smart Chain, and others, enabling seamless data flow across different platforms.

↳ Governance: BAND Token holders can participate in the governance of the protocol, allowing them to vote on crucial decisions such as protocol upgrades and modifications to the system.

↳ Incentives: Users can stake their BAND Tokens to support the network, earning rewards for their participation while helping to maintain the integrity of the data provided.

➤ Recent Developments and Social Media Activity:

The Band Protocol team has been active on social media platforms like Twitter, where they frequently post updates, development milestones, and collaborations. Recent tweets highlight partnerships with various DeFi projects and enhancements to their data oracle services.

Additionally, the team announced the integration of new data sources and improvements to their decentralized network, which have garnered positive responses from the community. These updates suggest a strengthening of their platform and may contribute to the recent price movements of the BAND Token.

Their recent engagement also includes hosting AMAs (Ask Me Anything) sessions, where founders and developers address community questions and share insights into future plans, fostering a deeper connection with their users.

Overall, the proactive updates and growing collaborations within the DeFi ecosystem position Band Protocol favorably for potential growth, contributing to bullish sentiments surrounding the BAND Token. For continuous updates and insights, it’s advisable to follow their Twitter account and keep an eye on their official announcements.

The post Could BAND/BTC Finally Be Poised for a Bullish Breakout? appeared first on Altcoin Opportunities.

A crypto auto trading bot is simply a program that automatically executes trades on behalf of a trader based on predetermined trading strategies.

Benefits of Our Crypto Auto Trading Bot

1. Diversification: Our crypto auto trading bot will manage the work of monitoring risk and profits on hundreds of small positions.
2. Consistency: The bot follows the proven trading strategy consistently, removing the emotional aspect of trading that can lead humans to make impulsive decisions.
3. Chart Freedom: A crypto auto trading bot allows traders to stop watching the charts and do other things! You no longer need to monitor the markets – and you can focus on family, creativity and community.

How Do Our Trading Bots Work?

Our crypto auto trading bot works by signaling 3commas, which executes trades in our Binance account based on our objective trading strategy.

The bot receives it’s signals from our PRO ALERTS trading spreadsheet which covers almost 300 different ALT/BTC trading pairs on Binance.

Best Crypto Auto Trading Bots

https://3commas.io/?c=dealcode

1. 3Commas: 3Commas allows traders to automate their trades across multiple exchanges. The platform has a user-friendly interface that makes it easy to follow the CryptoBalancingBot.
2. CryptoHopper: CryptoHopper is a trading bot platform that can be programmed to trade on a range of cryptocurrencies across multiple exchanges.
3. BitGetCopyTrader: BitGet is a popular trading platform that allows users to copy trade the proven trading strategies of other members. BitGet copy trading provides a range of trading approaches to fit your individual trading preference and risk tolerance.

Consider This Before Using any Bot

1. Security: It is important to ensure that the bot you are using is secure and has a good reputation in the market.
2. Flat Fees You Can Understand: Most trading bots charge a fee for their services. It is important to understand the fees involved before using a bot.
3. Ease of Use: While some bot platforms, like 3commas, are user-friendly, others require a certain level of technical knowledge or even coding knowledge in order to use them effectively.
4. Backtesting: look for a bot that has a proven track record for trading altcoin seasons with a diversified portfolio.

Risks of Using a Trading Bot

1. Technical glitches: Like any software, trading bots can experience technical glitches that can lead to losses.
2. Market volatility: Crypto markets are highly volatile, and sudden market changes may cause losses.
3. Second-guessing the bot: It is important to understand the price ranges that your trading plan is tuned to capture – so you can stop making common trading errors and leave the bot to trade and monitor the markets while you do other things!

FAQs

1. Are crypto auto trading bots legal?
   
   Yes, crypto auto trading bots are legal. However, it is important to ensure that the bot you are using does not have counter-party risks. It is also important for you to ensure the bot is compliant with any regulations in your jurisdiction regarding cryptocurrency trading.
   
   
2. Can a trading bot guarantee profits?
   
   No, a trading bot cannot guarantee profits. The bot can only execute trades based on predetermined trading strategies. It is important to remember that there is always a risk of losing money when trading. Traders should understand how the bot’s trading plan manages risk and how it plans to diversify the portfolio before copy trading any bot profile.
   
   
3. Do I need technical knowledge to use a trading bot?
   
   Some trading bots are user-friendly, while others require a certain level of technical knowledge to use effectively. For example, some bots may require users to have knowledge of programming languages like Python or JavaScript to create and customize trading strategies. However, following our bots on 3commas is easy with their user-friendly interface and requires little to no technical knowledge to use.
   
   
4. Can I use a trading bot across multiple exchanges?
   
   Yes, many trading bots support multiple exchanges. While the CryptoBalanceBot is currently providing signals for Binance exchange, we can send signals to any of the exchanges supported by 3commas. Contact support for help.
   
   
5. How do I choose a trading bot?
   
   Choosing a trading bot can be intimidating. There are many options available and many of them are mysterious. Traders should research as much as possible and read reviews from other users before choosing which bots to use.

The post Crypto Auto Trading Bots appeared first on Altcoin Opportunities.

A Good Altcoin Signal Group

When evaluating a good altcoin signals group where you can feel comfortable and you can call home, there are several key factors to consider.

A) Style Of Trading

First thing to consider is the style of trading signals being provided. Is the focus on scalping day trades? Do they focus on leveraged trading or spot trades? Are the signals long term or intended for smaller timeframes?

B) Track Record of Results

Second, the best signal groups will already have a strong track record of providing accurate and profitable signals. If this is difficult to determine, it may be this group cherry picks the results they share.

Look for an open history of providing quality signals that were profitable in the past. Of course the signals may not be in the future but looking at the group’s past performance and comparing it to market trends can give you an idea of their accuracy and when to expect profitability from the approach they are following.

C) Education Included

Another important factor is the group’s level of educational support. A good signals group should be open and transparent about teaching you their trading plan and strategies. They should provide clear and detailed explanations of each signal they provide, including a screenshot of the trade setup and the reasoning behind the signal. The best crypto signals groups will post an alert in their crypto Discord community detailing the potential risks and rewards associated with the trade before the trade is placed.

D) Cost To Value Ratio

Finally, it’s important to consider the cost of membership compared to the value they provide. Do they save you time? Do they make they system simple to follow?

Some premium crypto groups charge a monthly fee for loads of data that doesn’t actually give you a simple clear action plan to follow. Some signal groups require you to watch for signals all the time.

An Altcoin Signal Group for busy people will focus on a longer term, trend following approach that follows the altcoin seasons. This low time-maintenance approach to crypto investing is focused on making your money work for you while you are doing other things.

Be sure to evaluate the cost of membership, the group’s past performance and consider how their approach will fit into your routine to help you increase your chance of profits and success in the crypto market.

The post Altcoin Signal Group For Busy People appeared first on Altcoin Opportunities.

The Mathematics of Getting Wealthy

Using a simple online investment calculator, I was able to calculate how long it would take to become a millionaire by investing money two different ways.

1. In the first example you invest $20 per week. We explain the range of time it would take if you were to receive compounding over time on various annualized rates of return.
2. In the second example you invest $1000 and only gain from the annual returns, compounded.

Example 1: Investing $20 per week

Investing $20 per week may not seem like much, but it can add up! I first learned about this simple plan to become a millionaire from Bob Proctor. He explained that compound interest is the most powerful ally for quickly becoming a millionaire. Investing weekly should not be confused with Dollar Cost Averaging. Dollar Cost Averaging is a bankers way to pull the wool over your eyes. I’ll explain why you should avoid Dollar Cost Averaging below.

The amount of time it would take to reach our million dollar goal would depend on annualized rate of return. Different rates of return have a dramatic difference in how fast we can become a millionaire.

To illustrate this, let’s consider a range of annualized rates of return:

At a 10% annualized rate of return, it would take approximately 46 years to become a millionaire by investing $20 per week.

At a 20% annualized rate of return, it would take approximately 27 years to become a millionaire by investing $20 per week.

At a 50% annualized rate of return, it would take approximately 12 years to become a millionaire by investing $20 per week.

At a 100% annualized rate of return, it would take just over 7 years to become a millionaire by investing $20 per week.

Example 2: Investing $1000 one time

Here is the step-by-step calculation for starting with $1000 and earning a 100% annualized return, compounded annually:

Year 1:

1. Calculate the annual return by dividing the annualized rate of return by the number of times it is compounded per year. In this case, we are assuming a 100% annualized rate of return compounded annually, so the annual return is 100%/1 = 100%.
2. Calculate the final balance after one year by adding the initial investment to the annual return and multiplying by the initial investment. Using the formula:

Final balance = (1 + annual return) * initial investment

In this case, the final balance would be (1 + 100%) * $1000 = $2000.

Year 2:

1. Calculate the annual return by dividing the annualized rate of return by the number of times it is compounded per year. In this case, we are assuming a 100% annualized rate of return compounded annually, so the annual return is 100%/1 = 100%.
2. Calculate the final balance after two years by adding the balance from the previous year to the annual return and multiplying by the balance from the previous year. Using the formula:

Final balance = (1 + annual return) * previous year’s balance

• after year two, the final balance would be (1 + 100%) * $2000 = $4000.
• after year three, the final balance would be (1 + 100%) * $4000 = $8000.
• after year four, the final balance would be (1 + 100%) * $8000 = $16000.
• after year five, the final balance would be (1 + 100%) * $16000 = $32000.
• after year six, the final balance would be (1 + 100%) * $32000 = $64000.
• after year seven, the final balance would be (1 + 100%) * $64000 = $128000.
• after year eight, the final balance would be (1 + 100%) * $128000 = $256000.
• after year nine, the final balance would be (1 + 100%) * $256000 = $512000.
• after year ten, final balance would be (1 + 100%) * $512000 = $1024000

It’s important to note that these calculations are based on the assumption of a consistent annualized rate of return, which is certainly not the case in the real world.

Know Your Local Tax Laws

It is also crucial to consult with your local tax specialist – because the way you achieve these returns can have huge impact on the taxes you will be liable for.

One of the first tools every crypto trader needs is cointracking.co

This service provides low cost insight for tracking your ongoing crypto profits and losses as well as a powerful asset for generating sample tax reports from your past trading activity.

Stop Dollar Cost Averaging

Dollar cost averaging involves investing a fixed amount of money at regular intervals regardless of the asset’s price trend.

Investing with the trend refers to the strategy of buying financial assets that are showing an upward price trend and selling assets that are showing a downward trend.

One benefit of investing with the trend is that it can lead to higher returns. By only buying assets that are showing an upward price trend is about to begin, an investor is more likely to experience price appreciation, which can translate into higher returns. On the other hand, dollar cost averaging into an investment without regard to the price trend means that an investor may continue to add to losing investments, leading to lower returns.

Another benefit of investing with the trend is that it can reduce risk. By adding to your cash stack weekly, but only holding assets that are showing an upward price trend, an investor is less exposed to downward price movements. This can potentially lead to growing a stable cash portfolio in bear markets and lower risk of loss.

Why Banks Recommend DCA

Because they make regular commissions. And because it fits in with the ‘payment lifestyle’ they have already roped you into.

Consider this: Banks have more than a century of tested sales propaganda to snowball you into signing the form to start ‘investing in your future’ by investing a fixed amount at regular intervals.

Rather than providing the simple education and tools required to manage and grow your own money, banks have used the same tired double-speak for generations of people…

“Dollar Cost Averaging can potentially be less time-consuming and less stressful for regular investors who may not have the expertise or resources to constantly monitor and manage their investments.”

Typical Bank Service Representative Statement

“One reason our bank recommends dollar cost averaging for regular investors is that it can potentially help you avoid making emotional decisions based on short-term market movements.”

Bank Service Rep Who Assumes You Are Incapable

PRO Traders Know DCA Is Hogwash!

The internet has stripped away the curtain between the bank representative and the privileged portfolio investment manager – and poof – once you look over their shoulder you begin to see… this is so simple that YOU CAN DO IT TOO!

1. Moving Averages

One common approach to identifying trend changes is to use moving averages. A moving average is a technical indicator that calculates the average price of a security over a specific time period, such as 20 or 50 days. By plotting multiple moving averages on a chart, an analyst or trader can identify when price is trending upwards or downwards past an action point in our trading plan.

For example, many analysts use this common standard: when the 50-day moving average is above its 200-day moving average, it could indicate an upward trend. On the other hand, if the 50-day moving average is below the 200-day moving average, it could indicate a downward trend.

2. Trend Lines

Trend lines are another tool that analysts and traders use to identify trend changes. A trend line is a straight line drawn on a chart that connects two or more price points. By drawing trend lines on a chart, an analyst or trader can potentially identify key support and resistance levels, which can be used to help determine the direction of the trend. For example, if a stock’s price is trending upwards and breaks through a key resistance level, it could potentially indicate a trend change from bearish to bullish.

3. Chart Patterns

Chart patterns, such as head and shoulders or cup and handle, can also be used to identify trend changes. These patterns are formed by plotting price action against time and can indicate a change in the direction of the trend. For example, a head and shoulders pattern after a significant up trend may indicate a trend change from bullish to bearish.

Before and After Example

Diversifying into Altcoins

The Crypto SmartWatch Control Panel provides us with a daily action matrix that anyone can actually follow. With this objective approach to holding a variety of different crypto assets, an investor is less reliant on the performance of any one particular asset. This can increase the overall opportunity for portfolio growth with access to a wider range of assets that pass our trading signal.

The goal of diversification is to spread investment opportunity across a range of crypto assets when Bitcoin Dominance Trends are suggesting the next altcoin season is about to begin. By investing small into all the projects that pass our trend change markers we are positioned so that if one crypto dramatically overperforms we catch a bit of it to improve the overall portfolio returns.

When to Diversify

As we can see from the example charts above, we only needed to be in a position for a few months during the year – and the rest of the time we would be holding cash and adding our $20 per week to the investment pool.

Year after year we have been
pinpointing the start and the end of altcoin season!

Here is a recent example of diversifying into an altcoin season in early June 2022 and below we see how we identified the time to start exiting positions in September of 2022.

In the chart below from early June 2022, we can see how the average of all the crypto projects were transitioning through the bottom formation much like our example chart for CHZ above.

When To Sell Out

By September, many of coins in our portfolio were starting to reaching top formations and flashing our exit signal. We were getting a similar exit patterns in dozens of altcoins over a period of a couple weeks – as we can see in the pie chart and the daily action matrix graph below.

What is the Crypto SmartWatch?

The Crypto SmartWatch is an education, data service and coaching community for individuals and portfolio managers who want a low risk, objective approach to trading cryptocurrency price trends.

Crypto Millionaire in 2023?

Here are four factors to master on your way to becoming a crypto millionaire.

1. Financial Emotions: In order to become a millionaire, it’s important to have a positive emotional relationship with financial concepts such as saving, budgeting, investing in the best crypto projects with the Crypto SmartWatch, and managing debt. Without this positive regard for money, it may be difficult to make informed financial decisions that are necessary to achieve long-term financial success.
   
2. Financial plan: Developing a financial plan is crucial to becoming a millionaire. Feel the success of your end goals today as you work on small growth steps, and you won’t get off track and make financial decisions that may not align with long-term goals.
   
3. Money Management skills: In order to become a millionaire, it’s important to feel good about managing money effectively. This includes feeling good setting financial goals, creating a budget, controlling spending, and saving and anticipating the benefits of investing for the future. Poor money management skills always lead back to negative feelings about money.
   
4. Discipline: Building wealth requires discipline and commitment. It’s important to stay focused on long-term financial goals and make choices that align with those goals, even if they are not always easy or convenient in the short term. Without discipline, it can be difficult to stick to a financial plan and make the necessary sacrifices to achieve financial success.

Discipline refers to the practice of training oneself to do something in a consistent and controlled manner. It involves developing habits and routines that help to achieve specific goals or objectives.

However discipline should never be seen as a form of self-control or self-regulation.

In a broader sense, discipline refers to a belief system or ideology: that you are a disciple of a belief system. It is easy and natural, in fact logical to act in accordance with your belief. It takes no teeth gritting or willpower.

Turn your knowledge about money into a belief

introtocryptos.ca

If you logically understand your trading approach but find that you are not following the trading rules – dig into your emotional beliefs about money. Change those beliefs and successful trading begins to happen naturally – and you certainly can continue the cycles of growing your portfolio year after year.

How Fast Can You Become A Millionaire?

How Fast Can You Become A Crypto Millionaire?
Even starting with a very modest strategy – it’s easy to see that becoming a millionaire should be one of our short term goals in life!https://t.co/JAJJ1Q3hsn#CryptoInvestor #altcoins

— introtocryptos.ca (@introtocryptos) January 15, 2023

Even starting with a very modest strategy – it’s easy to see that becoming a millionaire should be one of our short term goals in life!

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