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.

New DeFi projects are now releasing industry-disrupting derivative products, including futures, options, and perpetual swaps. These derivatives can be traded on a variety of underlying assets, such as cryptocurrencies, commodities, and stock indices. This allows for a high degree of flexibility and customization in terms of risk management and trading strategies.

Another key feature of dApps created on Injective is its use of non-custodial trading. This means that users retain full control over their own assets at all times, as they are stored in a personal wallet rather than being held by a centralized exchange. This greatly reduces the risk of hacking or theft, as there are no central points of failure.

INJ Price Chart

INJ/BTC is another one of the 300+ tokens in the Crypto SmartWatch model portfolio tracker.

January 2023 ay provide a clear bottom for the ALT/BTC pairs. Risk control is always top of mind at the start of a trade.

It is important to pay close attention to the ebb and flow of altcoin seasons.

The cryptocurrency sector trends together and must be an important part of choosing when to hold or release the INJ/BTC token.

Injective has built the largest and fastest growing Web3 financial ecosystem. Here are a few interesting new DeFi dApps working to create a truly free and inclusive financial world.

Aperture

Aperture is a cross-chain strategy hub for decentralized finance (DeFi) built on the Injective Protocol. It aims to provide a platform for users to access and participate in a variety of DeFi strategies and products across different blockchain networks.

One of the key features of Aperture is its support for cross-chain trading. This allows users to access and participate in DeFi strategies and products on different blockchain networks, such as Ethereum and Binance Smart Chain, from a single platform.

Aperture also has a built-in strategy marketplace where users can access and participate in a variety of pre-built DeFi strategies, such as yield farming, liquidity provision, and lending. These strategies are curated and managed by professional DeFi managers and can be easily accessed and executed by users.

Another feature of Aperture is its built-in portfolio management tools, which allows users to easily track and manage their DeFi investments across different blockchain networks. This provides users with a comprehensive view of their DeFi portfolio and allows them to make informed decisions about their investments.

Aperture also has a governance system that allows for community participation in the decision-making process. Token holders can vote on proposals and changes to the platform, ensuring that the direction of the project aligns with the needs and preferences of its users.

In summary, Aperture is a cross-chain strategy hub for DeFi that allows users to access and participate in a variety of DeFi strategies and products across different blockchain networks, with the use of its own cross-chain protocol built on Injective Protocol. It also provides users with portfolio management tools, and a governance system for community participation.

FrontRunner

FrontRunner is a decentralized sports prediction market built on blockchain technology. It is a platform that allows users to place bets on the outcome of sporting events and earn rewards for correctly predicting the outcome.

The platform utilizes a prediction market model where users can buy and sell shares in the outcome of a sporting event. The price of these shares fluctuates based on the perceived likelihood of the event occurring, with the final outcome determined by the total number of shares held by users.

One of the key features of FrontRunner is its use of blockchain technology, which allows for a transparent, secure, and decentralized platform for sports betting. This eliminates the need for a centralized intermediary and reduces the risk of fraud and manipulation.

FrontRunner also utilizes smart contracts, which are self-executing contracts with the terms of the agreement written directly into the code. This allows for automatic execution of bets and payments, without the need for manual intervention.

Another feature of FrontRunner is its use of a token-based economic model, where users can earn and use tokens to participate in the platform. These tokens can be used to place bets, buy shares in sporting events, and access premium features on the platform.

FrontRunner also has a governance system that allows for community participation in the decision-making process. Token holders can vote on proposals and changes to the platform, ensuring that the direction of the project aligns with the needs and preferences of its users.

Decentralized Exchanges

Injective is a decentralized finance (DeFi) protocol built on the blockchain that aims to provide a platform for cross-chain derivatives trading and decentralized exchanges. The a unique layer-2 scaling solution called “Instantaneous Settlement” allows for near-instant transaction finality and low latency trading, enabling users to trade derivatives at high speeds and with minimal slippage.

Helix

Helix is a decentralized crypto trading exchange that aims to provide a secure and decentralized platform for trading cryptocurrencies, with a focus on privacy and anonymity.

One of the key features of Helix is its use of zero-knowledge proofs, which allow for the verification of transactions without revealing any information about the parties involved. This enhances the privacy and anonymity of the platform, allowing users to trade cryptocurrencies without revealing their identity.

Helix also has a built-in decentralized liquidity pool, which allows for the trading of cryptocurrencies without the need for centralized order books. This eliminates the risk of front-running and manipulation, and provides users with a fair and transparent trading environment.

Another feature of Helix is its use of a token-based economic model, where users can earn and use tokens to participate in the platform. These tokens can be used to pay for trading fees, access premium features, and participate in governance decisions.

Helix also has a governance system that allows for community participation in the decision-making process. Token holders can vote on proposals and changes to the platform, ensuring that the direction of the project aligns with the needs and preferences of its users.

The Injective protocol is built on the Cosmos SDK, a modular and extensible blockchain development framework. This allows for easy integration with other blockchain projects and protocols, such as the Inter-Blockchain Communication (IBC) protocol, which enables cross-chain communication between different chains.

One of the key features of Injective is its support for cross-chain trading. This means that users can trade assets from different blockchain networks, such as Bitcoin, Ethereum, and Binance Coin, on a single decentralized exchange. This is made possible through the use of Injective’s own cross-chain protocol, which allows for the seamless transfer of assets between different chains.

Injective also has a governance system that allows for community participation in the decision-making process. Token holders can vote on proposals and changes to the protocol, ensuring that the direction of the project aligns with the needs and preferences of its users.

Injective’s team is composed of experienced blockchain developers and finance professionals. They have worked on several high-profile projects in the past, including the development of the Cosmos SDK.

Overall, Injective is a promising project that aims to bring the benefits of decentralized finance to the derivatives market.

New DeFi dApps To Watch For 2023

Its unique combination of enabling new DeFi dApps to provide innovative cross-chain trading, non-custodial trading, and a wide range of derivative products, makes investing in the Injective platform an interesting opportunity for speculators looking to build a diversified portfolio of the best underlying cryptocurrency technologies in the 2023 altcoin seasons.

Three DeFi dApps To Watch For 2023

But even more interesting is to own a piece of the platform on which these new DEFI dApps are being created! #injective Price Chart@frontrunnerxyz@ApertureFinance@HelixApp_ @Injective_
https://t.co/EWCZZXgyfX#crypto #defi #defi2023

— introtocryptos.ca (@introtocryptos) January 22, 2023

The post New DeFi dApps To Watch For 2023 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.

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!

The post How Fast Can You Become A Millionaire appeared first on Altcoin Opportunities.