crypto smartwatch Archives - Altcoin Opportunities https://altcoinopportunities.com/tag/crypto-smartwatch/ Altcoin Season Guide Today's Best Altcoin Opportunities Sun, 29 Oct 2023 14:12:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Three Coins Mark The Start of Altcoin Season 2023 https://altcoinopportunities.com/2023/04/06/start-of-altcoinseason-2023/ Thu, 06 Apr 2023 17:49:53 +0000 https://altcoinopportunities.com/?p=705 JOE, LINA, OAX have rocketed out of the gate to Mark The Start of Altcoin Season 2023! In this post we review the before and after screenshots and point out some common factors about the price chart of these breakout crypto project. At the end of the post, we’ll close with a brief list of […]

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JOE, LINA, OAX have rocketed out of the gate to Mark The Start of Altcoin Season 2023! In this post we review the before and after screenshots and point out some common factors about the price chart of these breakout crypto project.

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

Overnight, a set of 29 ALT/BTC pairs have crossed our thresholds from Neutral status into ALERT status.

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!!

This is the PRIME window of opportunity that we have been waiting and preparing for to mark The Start of Altcoin Season 2023!

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!

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Why Did ACH Pump in February? https://altcoinopportunities.com/2023/03/01/why-did-ach-pump-in-february/ Wed, 01 Mar 2023 18:04:31 +0000 https://altcoinopportunities.com/?p=625 What is ACH coin and why did ACH pump in February 2023? Even more, we’ll review the charts to consider will it go even higher from here? Alchemy Pay (ACH token) is a payment solutions provider that seamlessly connects fiat and crypto economies. While it is a layer 2 ERC20 token on the Ethereum blockchain […]

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What is ACH coin and why did ACH pump in February 2023? Even more, we’ll review the charts to consider will it go even higher from here?

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

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

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

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


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

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

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

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

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

Current ACH/BTC Price Chart

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

A Massive Trend Unfolds

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

But things may be about to accelerate even more!

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

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

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

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

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

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

When to buy ACH Token

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

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

What Is AltSeason, Step By Step

Recalling that 80% of new traders lose money, we need to start better prepared than those people. We need a specific plan so we can identify in advance which altcoins are most likely to experience rapid price growth.

  1. Learn about Bitcoin Dominance and more:
    AltSeason Explained, Step By Step
  2. AND – before we START – we need to know and practice our protection plan over and over again so we use it like a habit.

ACH/BTC is one of the 300+ tokens that we cover in the 5 Star Rated Crypto SmartWatch model portfolio tracker.

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

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

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

In conclusion, the integration of crypto blockchain technology and Alchemy Pay’s native token, ACH, with existing software has the potential to significantly accelerate the cycle of adoption.

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How To Build a Crypto Portfolio https://altcoinopportunities.com/2023/01/21/how-to-build-a-crypto-portfolio/ Sat, 21 Jan 2023 21:59:28 +0000 https://altcoinopportunities.com/?p=479 Build a crypto portfolio at the right time you can make huge gains from each AltSeason. After plotting out every Altcoin Season over the past four years, our team came up with a list of things to consider when building out a diversified crypto portfolio in a trend following trading plan. Your Big Picture Plan […]

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Build a crypto portfolio at the right time you can make huge gains from each AltSeason. After plotting out every Altcoin Season over the past four years, our team came up with a list of things to consider when building out a diversified crypto portfolio in a trend following trading plan.

Your Big Picture Plan

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

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

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

Your Best Crypto Portfolio

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

Getting Set Up

Here are a few points to check off as you prepare to build your next crypto portfolio:

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

Your Crypto Profits

Altcoin Seasons come and go. After every altcoin season is finished and we’ve closed most of our trades, it’s time to move those profits. Crypto seasons come and go once or twice each year and we can begin to plan that assumption into our long term financial plan of becoming a crypto millionaire.

  1. Tax implications: Tax implications of a trend following portfolio are more likely to fall under long-term capital gains. Be informed. We recommend CoinTracking as a tool that every crypto trader should use to generate sample tax reports.
  2. Rebalancing: Only rebalance your crypto portfolio as more markets are passing our Altcoin Season entry or exit signals to optimize returns over time. The Crypto SmartWatch Daily Action Matrix can save you hours of chart scanning every week!
  3. Monitoring: Regularly monitor the performance of the crypto portfolio. Send profits off exchange. Be sure to own a cold storage hardware wallet and we recommend keeping that hardware wallet in a safety deposit box in a bank vault.

Leverage Not Required

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

When To Get In

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

Watch the progression of Altcoin Season

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

When To Get Out

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

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

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

AltSeason Waves

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

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

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Passive Income with Cloud Computing https://altcoinopportunities.com/2023/01/20/passive-income-with-cloud-computing/ https://altcoinopportunities.com/2023/01/20/passive-income-with-cloud-computing/#respond Fri, 20 Jan 2023 13:32:05 +0000 https://altcoinopportunities.com/?p=439 iExec RLC is a decentralized cloud computing platform that allows users to earn passive income with Cloud Computing, while providing a marketplace for enterprise businesses to rent cost effective computing resources. Built on the Chainlink protocol for its ability to automate and streamline business processes, the iExec platform is designed to provide a secure and […]

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iExec RLC is a decentralized cloud computing platform that allows users to earn passive income with Cloud Computing, while providing a marketplace for enterprise businesses to rent cost effective computing resources.

Earn passive income with cloud computing
Rent out computing power, apps or datasets!

Built on the Chainlink protocol for its ability to automate and streamline business processes, the iExec platform is designed to provide a secure and decentralized way for individuals and businesses to access the computing power they need without having to invest in expensive hardware.

Price if RLC Token

Who Is It For?

The target customer for iExec RLC is anyone who needs access to computing resources, including individuals, businesses, and organizations.

Earn Passive Income

For individuals, iExec RLC offers the opportunity to earn passive income with cloud computing by renting out their unused computing power to others. This allows you to monetize their idle assets and earn a return on their investment.

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Earn from your GPU’s with NiceHash


For Providers
You have assets that can be monetized. Perhaps you have extra computing power you’d like to rent out. Maybe you’ve built an application or a dataset someone could use. Our marketplace enables you to get paid for your computing assets, all while you retain ownership and privacy.

iExec RLC Website

In the decentralized cloud computing market, iExec RLC faces competition from several existing platforms, including Golem and SONM.

However, iExec RLC differentiates itself by offering a more robust and secure platform, with features such as secure data storage and execution, and a focus on enterprise use cases.

Additionally, iExec RLC has a strong team of experienced developers and advisors, which gives it an edge over other platforms in terms of development and adoption.

When To Buy RLC

RLC is one of the 300+ tokens in the Crypto SmartWatch model portfolio tracker.

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

Learn more about Crypto Trading Plan Example PDF.

Passive Income with Cloud Computing

Overall, iExec RLC is a promising platform where you can rent out your computing power.

With its focus on security and enterprise use cases, it has the potential to disrupt the current market and become a leader in the new cloud computing space.

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Passive Income with Akash Cloud Computing https://altcoinopportunities.com/2023/01/18/passive-income-with-akash-cloud-computing/ https://altcoinopportunities.com/2023/01/18/passive-income-with-akash-cloud-computing/#respond Wed, 18 Jan 2023 17:01:44 +0000 https://altcoinopportunities.com/?p=400 Akash Network is a decentralized, open-source cloud computing marketplace that allows providers to earn passive income with Akash and provides customers a marketplace to rent computing resources from providers around the world. The Akash token (AKT) is one of a list of projects based on the Cosmos Hub, and AKT is used as the primary […]

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

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

This image has an empty alt attribute; its file name is nicehash.png

Earn from your GPU’s with NiceHash

Disrupting The Cloud

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

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

How can I invest in Akash (AKT)?

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

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

Can you earn passive income with Akash?

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

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

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Find The Best Altcoin Opportunities for 2023 https://altcoinopportunities.com/2023/01/08/find-the-best-altcoin-opportunities-for-2023/ https://altcoinopportunities.com/2023/01/08/find-the-best-altcoin-opportunities-for-2023/#respond Sun, 08 Jan 2023 11:01:41 +0000 https://altcoinopportunities.com/?p=373 Five tips to find the best altcoin opportunities in 2023 with few key strategies to protect yourself from fraud and scams in the cryptocurrency market. 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. How do I research […]

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Five tips to find the best altcoin opportunities in 2023 with few key strategies to protect yourself from fraud and scams in the cryptocurrency market.

tips to find the best altcoin opportunities in 2023
  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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

Altcoin Opportunities Index from the Crypto SmartWatch Control Panel
  1. 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.

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How Fast Can You Become A Millionaire https://altcoinopportunities.com/2023/01/07/how-fast-can-you-become-a-millionaire/ https://altcoinopportunities.com/2023/01/07/how-fast-can-you-become-a-millionaire/#respond Sat, 07 Jan 2023 22:33:57 +0000 https://altcoinopportunities.com/?p=362 Lets start by comparing two examples: the bare mathematics of how fast you could become a crypto millionaire. And we can consider some practical ways to make huge gains and keep ourselves on the track to wealth and abundance. The Mathematics of Getting Wealthy Using a simple online investment calculator, I was able to calculate […]

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Lets start by comparing two examples: the bare mathematics of how fast you could become a crypto millionaire. And we can consider some practical ways to make huge gains and keep ourselves on the track to wealth and abundance.

Crypto Millionaire?

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!

Crypto Trade to 7 Figures

Can we actually identify the start and end of Altcoin Season? Is it really possible to identify when the average of a group cryptocurrencies are changing price direction from bearish to bullish?

Yes. It’s actually quite simple.

There are three technical indicators that our experienced analysts and full time traders use to identify trend changes at the start and at the end of Altcoin Season: We use moving averages, trend lines, and chart patterns.

  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.

  1. 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.

  1. 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

The Buy Signal: CHZ was crossing out EMA,
breaking the trendline, and breaching out chart pattern
The Exit Signal: CHZ was making a top formation chart pattern,
breaking out trendline and crossing our EMA

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?

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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