introtocryptos.ca

Category: Crypto

Critical BITCOIN ACTION levels – look INSIDE Bitcoin Dominance
BITCOIN ACTION levels

BITCOIN ACTION levels

Bitcoin and cryptocurrencies have come to a critical level for our trading plan
- in today’s video I’ll review the price chart of Bitcoin against our technical indicators
- I have a super exciting announcement to make
- and will see what has changed in altcoins over the past few days. I’ll reveal some inside data from the crypto Smartwatch reports and patterns through 2021 crypto alt season. Our system has sorted out the top probability coins as I’ll explain at the end of the video
Become A Crypto Millionaire

The promise of our overall approach is that you can become a millionaire if you invest just $20 per week and double your money every year.

In order to double our money every year we follow three different pools where our money is placed
1. we can be holding fiat currency
2. we can’t be holding bitcoin
3. or we can be holding cryptocurrencies
Our written trading plan is very specific. It works like a flowchart to answer all the questions that you need to determine where your money should be according to our trading plan, but there’s still a question about what to do with our cryptocurrencies that are profitable.

I’ll talk about that later in the video but first let’s jump into Bitcoin prices.

Of course, before this video was finished the prices are going to change so if you want to keep up on the current analysis of Bitcoin price be sure to join our free Discord chat community

Follow me on Twitter for more research and articles on the top crypto projects of 2023.

Let’s take a look at our indicator set for Bitcoin to layout some action zones we must pay attention to according to our trading plan.

You can see our altseason indicator is on the edge of telling us to exit this Market. We use this same indicator on each of the crypto versus BTC pairs to help us identify those coins that are outperforming Bitcoin versus US dollar.

Bitcoin Technical Analysis for March 2 2023

The relative strength index is right on the threshold of our exit confirmation when we look at the daily chart, yet as we zoom into the 4-Hour chart we can also see a consolidation that raises a question and leaves us on high alert I’ll come back to some historical views on the RSI in a minute.

Moving to the volume profile the on balance volume is also a mixed signal that keeps us on notice that we’ll be taking action one side or the other as prices find a direction from here.

The macd indicator is similar to the RSI reading yet it gives us more clear specifics for confirming our next action from the price move from here, for example the crossover of the MACD is a more clear event than the trend breach in the RSI.

The ichimoku cloud was a favorite from the last video I did yet it is not confirming a nice Breakout, instead it has gone to a mixed reading that leaves us with no answer Only some action zones for us to use as confirmations.

The Bollinger Bands are not giving us any reversal signals, yet they are starting to consolidate into Trend confirmation patterns and we can gain confidence in the signals from the other indicators as the Bollinger Bands confirm. Once we get a strong move in price we’ll watch the Bollinger Bands to look for the exhaustion of that breakout move.

Special Announcement

Now for the special announcement I’m so excited about!

I am super stoked to announce that
I’ve been invited to be a guest blogger on Crownanalysis.com

Many of you already know about the channel Tom Crown. He has 75,000 subscribers and does a phenomenal job with his technical analysis and his instruction on how to use indicators that I am not familiar with. I’ve learned a lot about reading the macroeconomic conditions by following and listening to Tom Crown. Check out the news release posting on our website, and read one of my first guest blog posts there outlining the 12 reasons why people lose money Trading. (It’s a great article because I am so familiar with each of these reasons for losing money.)

Becoming A Better Trader

The purpose of my YouTube channel and my trading journals is so that I can identify my trading mistakes and avoid them in the future.

Education isn’t about knowledge, education is about changing your behavior.

Knowing about your trading plan isn’t enough. there is a secret ingredient between knowing and doing.

That’s what the focus of our community is really about.

Now for the Crypto Smartwatch Report

There are three states to our strategy, one is to hold Fiat the other is to hold Bitcoin and the other is to hold cryptocurrencies when the cryptocurrencies are outperforming Bitcoin in US dollar value.

If Bitcoin dominance is rising while Bitcoin prices dropping that’s telling us that the market cap of cryptocurrency overall is declining and that we should be in cash.

The crypto Smartwatch lets us look inside Bitcoin dominance so that we can see the bell curve of the coins that are making the changes happen in Bitcoin dominance. Bitcoin dominance is an average of all of the coins, and the crypto Smartwatch helps us find the leaders in that bell curve.

As we plot the performance of the alt versus BTC pairs over time versus the thresholds of our trading system averaged out across the entire list of 300 cryptocurrencies.

We can begin to see trends that are invisible when we only look at Bitcoin dominance – And we can also filter a list of coins that are passing key thresholds, making our job of rebalancing our crypto portfolio into a simple daily task that anyone can follow.
March 2, 2023
Contributing Author on CrownAnalysis!

FOR IMMEDIATE RELEASE:

Doug Receives Esteemed Invitation to Collaborate as Contributing Author
for Prominent Authority Website on Cryptocurrency Market Analysis!

NEWS RELEASE: DigitalCurrencyTraders.com, a leading cryptocurrency signals provider, is thrilled to announce that Doug Lampi and the team at introtocryptos.ca, a renowned group of cryptocurrency traders and educators, have been invited to collaborate as a contributing author for a prominent authority website on the topic of cryptocurrency market analysis.

DigitalCurrencyTraders.com has a long history of providing high-quality cryptocurrency trading signals and courses to thousands of traders from over 70 countries. The invitation extended to Doug is a testament to our company’s expertise and thought leadership in the cryptocurrency market.

As a contributing author for the authority website, Doug will have the opportunity to share his insights and analysis on the latest trends, developments, and news in the cryptocurrency market with a wider audience. He will bring to the table his years of experience in trading cryptocurrencies, as well as his expertise in educating others to become successful traders.

“I am delighted represent DigitalCurrencyTraders.com as a contributing author for CrownAnalysis.com, a prominent and growing authority website on cryptocurrency market analysis,” said Doug Lampi, founder of DigitalCurrencyTraders.com. “My experience and knowledge come from persistence as I have tracked the altcoin seasons for 300 coins for several years. I’m always happy to share the insights I’ve observed if it can help to shorten your journey to success.”

The Tom Crown and CrownAnalysis.com are recognized as a leading source of information and analysis on the cryptocurrency market, and the contributions of our team will be viewed by a highly engaged audience of industry professionals, investors, and enthusiasts.

In this post we’ll cover the top 12 reasons why people lose money trading and dig into the psychology behind these errors.

Have you fallen victim to any of these mistakes?

DigitalCurrencyTraders.com is committed to providing the highest quality cryptocurrency trading signals and courses to traders worldwide. The invitation extended to Doug is a recognition of the company’s commitment to thought leadership and expertise in the cryptocurrency trading space.

About DigitalCurrencyTraders.com: DigitalCurrencyTraders.com is a leading cryptocurrency signals provider that offers high-quality trading signals and courses to traders from over 70 countries worldwide. The company has a team of experienced traders and analysts who provide valuable insights and analysis to help traders build the habits of a successful trader. DigitalCurrencyTraders.com is committed to helping traders succeed in the fast-paced and ever-evolving cryptocurrency market.

March 1, 2023
Automated Crypto Portfolio
An automated crypto portfolio is better for a busy person because it ensures your money is working for you while you are doing other things!

If you can set specific rules for buying and selling assets and then have those rules automatically traded based on market conditions… then your money is doing the job of watching the price charts and you can fully focus on your life.

Automation, along with a good crypto portfolio tracker,
can eliminate the need for you to watch the charts.
Your money is watching the charts on your behalf!

The best crypto portfolio manager does everything for you allowing you to focus on building more revenue streams!

While some automated crypto portfolio services may also provide advanced tools for risk management and portfolio rebalancing – it is vital to fully understand the market conditions when these might optimize returns and when they might maximize losses instead!

A Good Portfolio Tracker

Tracking your crypto gains and losses is crucial for managing your portfolio and making informed investment decisions. Not only is it important for tax purposes, but it also allows you to see the performance of your investments over time and make adjustments as needed.

One of the best ways to track your crypto gains and losses is by using a crypto portfolio service. These services allow you to easily import transaction data from multiple exchanges and generate accurate and comprehensive reports on your portfolio performance. They also provide tools for portfolio management, risk management, and rebalancing, which can help to optimize returns and minimize losses.

Scams and Warning Flags

However, not all crypto portfolio services are created equal. Some services may make claims of providing secret trading signals or guaranteeing high returns, but it is important to be wary of these claims. These services may be nothing more than scams designed to take your money and provide you with little to no value in return.
When looking for a reputable crypto portfolio service, it is important to look for warning flags. These may include:
- Unusually high returns that are guaranteed or promised
- High frequency trading approach to short term price moves
- Lack of transparency or information about the service’s trading strategies
- Pressure to invest large sums of money quickly
- Lack of contact information or a physical address
- Unusually low fees or commissions
It is also a good idea to research the service and read reviews from other users. A reputable service will have a history of satisfied customers and positive reviews.
Finding Quality Automated Crypto Portfolio Services

Using a reputable crypto portfolio service can save you time, help you find the best altcoin opportunities and improve your trading success.

By automating your trades with tools for risk management, you can focus on the important parts of your life while your money does the work of watch price charts all day.
1. Cointracking: Cointracking is a portfolio management and tracking tool that allows users to track their crypto assets across multiple exchanges and generate tax reports.
Automated Crypto Portfolio

Automatic crypto portfolio tracker there are many other crypto portfolio automation services available, some other examples include:

well known crypto portfolio automation services
1. Shrimpy: Shrimpy is a portfolio management and trading automation platform that allows users to create custom trading strategies and automate trades across multiple exchanges.
2. BitGetCopyTrader.com: Copy the trades of those with a proven record.
3. 3commas: Find managed crypto portfolios to follow or set up your own automated strategy.
4. TokenFolio: TokenFolio is a portfolio management and trading automation platform that allows users to track and manage their crypto assets and automate trades.
5. Kryll: Kryll is a platform that allows users to create and automate trading strategies using a visual strategy builder and backtesting tools.
6. Autonio: Autonio is a decentralized trading automation platform that uses AI and machine learning to execute trades on behalf of users.
7. AlgoTrader: AlgoTrader is a platform that allows users to automate their trading strategies across multiple asset classes, including cryptocurrencies.
8. Coinrule: Coinrule is a platform that allows users to automate their trading strategies using a simple rule-based system.
9. Crypto SmartWatch: A transparent portfolio rebalancing tool focused on spot trading ALT/BTC pair spreads as a low risk, long term approach to profit from diversifying through the ongoing price trends of altcoin seasons.
Crypto SmartWatch Control Panel

Today in #crypto a surge of 22 NEW HOLD and 4 Partial-to-HOLD status as #bitcoindominance tops out the ALT/BTC pairs are revealing the best crypto projects. See the wave chart below
1 of 2) pic.twitter.com/cZ2gWHb7fX
— introtocryptos.ca (@introtocryptos) January 28, 2023

Automated Crypto Portfolio
It is important to be cautious when choosing a service. Look for warning flags, research the service and read reviews, and choose a service that has
- a long term approach,
- a transparent trading plan and has
- a history of performance
- with satisfied customers.
In summary, tracking your crypto gains and losses is an essential part of managing your portfolio and making informed investment decisions.

Our recent video on how to build crypto portfolio can be an excellent starting place
as you prepare for the next altcoin season.

By reviewing a reputable crypto portfolio performance,
you can save time and improve your trading success.

Make your money work for you while you focus on the important parts of life.
January 28, 2023
Crypto Signals That Work
Crypto Signals That Work have to fit two criteria:
- trading signals must be be simple to follow and
- trading signals must follow an AltSeason Tradingview Indicator
Example Crypto Signal

Setting Up The ALERT

In late December we published the Signal ALERT for the OP/BTC chart.

Price patterns were making a 1-2-3 bottom formation and showing early potential to break higher.

We could see the trading signal setting up and completed Stage 1 of the trade for our premium group. That is, we identified the entry, exit and stop and provided a screenshot to show how the trade matches our trading plan that anyone can learn.

ALERT triggers to HOLD

The spreadsheet sends a notification to our Discord channel and the model portfolios are updated in the website.

We get ready in advance of the 1-2-3 pattern breaking out so we can calculate our risk and prepare our position size correctly before the trading signal flashes.

Profit Target Hit

When prices hit our profit targets, one option is to take partial profits and cover the cost of the trade. Others may choose to close the trade and take all the profits. Both are good options.

Our PRO ALERTS remains open to the potential for a much larger trend and seeks to move the stop up on this trade and continue to hold until the 12 hour EMA crosses.

In fact, we are anticipating a pull back so we can add on and increase our exposure in this proven mover!

Current Price Chart for OP/BTC

OPBTC Chart by TradingView

Altcoin Season Made Easy

Positioning for the explosive growth in crypto is a good idea when a bottom formation is in place yet managing risk is always a first priority.

While most coins follow the general altcoin seasons and trend together, there are always a group of early movers and a group of laggers.

We can never know which will perform best in the future so we must diversify into those coins that cross the AltSeason TradingView Script entry signals.

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

AltSeason Tradingview Indicator

We create crypto signals that work using a combination of trendline, chart pattern and our customized pinescript TradingView indicator created specially for cryptocurrency altcoin season trading. Our entries and risk control are planned in advance – but the exit has a number of options that will dramatically change your results.
January 21, 2023
Altseason TradingView Indicator and Signals

Altseason TradingView Indicator that anyone can actually use. Customized Indicator and color coded signals can help you learn to trade crypto on your own. Our exclusive index uncovers the trend dynamics of altcoins to reveal the bell curve of best performing cryptocurrencies in the 2023 Altcoin Seasons.

Buy The Indicator

Our Altcoin index signal is a compilation of our custom tradingview indicator, trendlines and chart patterns that objectively measure the price trend direction for over 300 individual coins. Our research team provides statistical insight into the overall trend momentum of the crypto market and filters the data to provide a simple daily action matrix.

Altcoin Index Live

Track the price of bitcoin and the changes in bitcoin dominance and stable coin dominance, along with the overview of the Crypto SmartWatch AltSeason Index.

How To Catch AltSeason Trend Changes

The Control Panel of our Crypto SmartWatch reveals Altcoin Season opportunities. We filter the individual altcoin trading signals into a Daily Action Matrix that makes it simple to rebalance a portfolio of cryptocurrencies in the ALT/BTC pair charts. We focus on diversifying your portfolio by investing a small amount in the variety of different altcoins as they pass our trend change signals.

Customized TradingView Indicator

Our adjustable EMA crossover indicator provides a color coded visual way to verify when the trend change signal flashes.

TradingView Indicator Backtesting

Outstanding results in back testing and forward testing gives our team great confidence in providing instruction, education and coaching to support new traders to build the daily habits.

Here are a couple samples from the strategy tester results:

Custom Tradingview Indicator Backtesting Results

Altcoin Season Index:
Is it Altseason right now?

Altcoin season refers to a period of time when altcoins are growing in US Dollar value faster than Bitcoin is. We can tell when it is altcoin season when Bitcoin dominance is dropping and bitcoin price is rising or sideways. But that is still a very general way to identify when altseason is about to approach.

The Crypto SmartWatch is a way to look inside bitcoin dominance to see which are the front running coins that are pushing the change in bitcoin dominance. In other words, while the crypto markets tend to move together in a wave – the individual coins within that wave can be separated into the best performing coins and the flatliners that are dragging down the average.

Together with our risk control rules, The 5 Stages of the Trade and the customized Altseason TradingView Indicator – we get the Crypto SmartWatch Control Panel to filter a simple daily action matrix to assure we never miss another Altcoin Season opportunity in the ALT/BTC pair index.

January 19, 2023
Low Time Maintenance Crypto Investing

A Low Time Maintenance Crypto Investing Strategy will follow the ebb and flow of altcoin seasons.

By assigning your money the task of monitoring the price of a coin on your behalf, you can take advantage of the volatility of the market and ensure you are positioned to make a profit without spending all of your time watching charts and analyzing data. Once you set up your trades, stop watching the markets and let your money to it’s job.

Make Your Money Work For You

Trading cryptocurrencies with the correct strategy can be a great way to make your money work for you, even while you’re doing other things.

STOP WATCHING THE CHARTS.

Our goal is to deploy our equity into a diversified group of cryptocurrencies when altcoin season is starting and to unfold those holdings as our exit signals flash.

Diversify At The Right Time

Another advantage of our trend following approach to trading cryptocurrencies is our focus on diversifying your investment portfolio. Instead of putting all of your eggs in one basket, you can position into a variety of different coins, which can increase your chances of catching those extreme movers. This is especially true in a market as volatile as the cryptocurrency market, where prices can change dramatically in a short period of time.

Altcoin Entry Index at MAXIMUM
Altcoin Opportunities Index Rising

Limit The Cost of Risk

One of the most important things to consider when trading cryptocurrencies is the cost of the money you are willing to risk on the trade. This is similar to the cost of an insurance policy, as you are essentially insuring your investment against missing out on potential gains. By positioning investing a small percentage of your total investment capital in any one trade, you can minimize your risk while maintaining a position for the chance of making a profit.

One strategy that many traders use is to set stop-loss orders, which automatically sell a coin if its price drops below a certain level. Mastering this simple tool will shift your thinking about the cost of small losses as an insurance that you will not miss out on the big gain investments that are possible in crypto.

How To Dollar-Cost Average into Altcoins

You can pump up the power of simple Dollar-Cost Averaging with our Low Time Maintenance, trend following Crypto Investing Strategy.

Low Time Maintenance Crypto Investing

Outperform Dollar-Cost Averaging with this Low Time Maintenance Crypto Investing Strategy. Reduce risk with an altcoin seasonal trading.

Trading cryptocurrencies can be a great way to make your money work for you, even while you’re doing other things. By assigning your money the task of monitoring the price of a coin, you can take advantage of the volatility of the market and make a profit without spending all of your time watching charts and analyzing data.

January 15, 2023
Why Invest In Layer 1 Coins?
There are several reasons why it may be important to invest in Layer 1 coins as a core part of your crypto portfolio. They operate on their own independent blockchain, with their own consensus mechanisms, like Proof of Work or Proof of Stake. Most importantly, the Layer 1 comprise the system on which developers create the Layer 2 coins – that is, the new industry-disrupting applications that people will use.

What’s the difference between Layer 1 and Layer 2 coins?

The Difference Between Layer 1 and Layer 2 Coins refer to layers of the blockchain infrastructure. Layer 1 coins are the original blockchain networks that provide the foundation for the decentralized network, while Layer 2 coins are built on top of these networks, implementing the smart contract operability to provide industry-disrupting efficiencies within functional apps for users, solutions for industries or to improve the scalability, security and privacy of the system.

What Is A Layer One Coin?

Layer 1 coins are the foundational layer of the blockchain infrastructure in the cryptocurrency business sector. They are independent blockchain networks that operate on their own blockchain. These coins are the backbone of the decentralized network and are responsible for maintaining the integrity of the blockchain through the use of consensus mechanisms such as Proof of Work or Proof of Stake.

What Is A Layer Two Coin?

Layer 2 coins, on the other hand, are built on top of the Layer 1 blockchain networks. They are designed to improve scalability, security, and privacy by allowing for off-chain transactions that are settled on the Layer 1 blockchain. Examples of Layer 2 solutions include the Lightning Network for Bitcoin and the Plasma for Ethereum. These solutions allow for faster and cheaper transactions by reducing the number of on-chain transactions.

Why Invest In Layer 1 Coins?

Having an investment in Layer 1 coins would be kind of like having ownership in the https:// protocol that powers internet browsers… or having some ownership in the protocol upon which email is built!

As the network gains more apps, the value of the entire ecosystem grows. We feel the future potential valuation grow is outstanding.

Plan to profit from crypto ecosystem growth!

This is why we pay close attention to the ebb and flow of altcoin seasons and we position our funds to watch the price trend of the Layer 1 coins!

Best Layer 1 Coins For 2023
1. Bitcoin (BTC) – The first and most well-known cryptocurrency, Bitcoin operates on its own independent blockchain and uses the Proof of Work consensus mechanism.
2. Ethereum (ETH) – The second-largest cryptocurrency by market capitalization, Ethereum operates on its own independent blockchain and uses the Proof of Stake consensus mechanism. It is also a popular platform for building decentralized applications (dapps) and other blockchain-based projects.
3. Chainlink (LINK) – What is Chainlink? Chainlink is a decentralized oracle network that enables smart contracts to access off-chain data and operates on its own independent blockchain.
4. Cosmos (ATOM) – What is the Cosmos Hub? Cosmos is a decentralized network of independent blockchains that can interoperate with each other and operates on its own independent blockchain.
5. Litecoin (LTC) – A fork of the Bitcoin blockchain, Litecoin aims to provide faster and cheaper transactions by using a different hashing algorithm and reducing the block time.
6. Ripple (XRP) – A digital asset that operates on its own independent blockchain, Ripple is primarily used for facilitating cross-border payments and has partnerships with several major financial institutions.
7. Binance Coin (BNB) – Binance Coin is the native token of the Binance exchange, and it can be used to pay for trading fees on the exchange and also as a store of value.
8. Cardano (ADA) – Cardano is a smart-contract platform that runs on its own independent blockchain and uses a unique consensus mechanism called Ouroboros.
9. EOS (EOS) – EOS is a smart-contract platform that runs on its own independent blockchain and uses a unique consensus mechanism called Delegated Proof of Stake (DPoS).
10. Stellar (XLM) – Stellar is a decentralized platform that enables fast and low-cost cross-border transactions and is designed for use by financial institutions.
11. Neo (NEO) – Neo is a smart contract platform that is often referred to as the “Chinese Ethereum” and operates on its own independent blockchain.
12. TRON (TRX) – TRON is a smart contract platform that aims to build a decentralized internet and operates on its own independent blockchain.
13. IOTA (IOTA) – IOTA is a digital currency designed for the Internet of Things (IoT) and operates on its own independent blockchain, called Tangle.
14. Tezos (XTZ) – Tezos is a smart contract platform that operates on its own independent blockchain and uses a unique consensus mechanism called formal verification.
It’s worth noting that this list is not exhaustive and many other Layer 1 coins are available in the market. We are always happy to chat about the latest Layer 1 coin news in our Discord Crypto Community.

Top influencers say it is important to invest in Layer 1 coins as a core part of your crypto portfolio.

Here’s why the future potential valuation grow of these protocols is outstanding!https://t.co/xHxLVuNgWe #layer1 #blockchain #cryptocurrency
— introtocryptos.ca (@introtocryptos) January 17, 2023

It’s important to do your own research and assess your own risk tolerance before making any investment decisions.
January 15, 2023
Crypto Portfolio Rebalancing Tool
Crypto Portfolio Rebalancing Tool with an objective trend following strategy that anyone can actually use! Diversify into the next Altcoin Season at the right time.

Diversification is a key strategy for low time-maintenance crypto investing. One way to achieve diversification in the crypto market is by using a crypto rebalancing tool, which can help to manage and optimize a crypto portfolio with the current phase of the Altcoin Season.

A crypto portfolio rebalancing strategy can enhance performance and outperform the average by using the filtering technique of a moving average crossover to flag the first moving coins when Altcoin Season conditions are right.

Is it altcoin season yet?

It used to be tricky to pinpoint the next altcoin season with Bitcoin Dominance.

This is why we created the Crypto SmartWatch color coded spreadsheet. We now have an objective, clear visual tool for looking inside Bitcoin Dominance data and get specific about timing the start of each Altcoin Season.

We use objective data to determine
when to expect the next Altcoin Season

The Crypto SmartWatch can boost the the performance of a portfolio by filtering a large number of digital assets to help to catch the earliest moving assets. Diversifying into this early-mover group will dramatically increase the likelihood that at least some of the coins in the group will out-perform the average.

What triggers Altseason?

Some of the known factors that can trigger ‘Altcoin Season’, or bull markets in cryptocurrencies include:
1. Positive regulatory developments: Clarity and favorable regulations on the use and trade of cryptocurrencies can increase investor confidence and lead to more mainstream adoption, which can drive up prices.
2. Institutional adoption: With better regulatory oversight, institutional investors, such as hedge funds manager and banks, will finally have the green light to move into the cryptocurrency market. This may increase demand and begin a sustained bullish trend.
3. Increasing mainstream adoption: As institutional business can begin to take advantage of cryptocurrency transaction efficiencies, better solutions make crypto easy and a bonus for the customer to use… demand will naturally rise for these assets, leading to higher prices.
4. Economic Factors: Global economic factors such as interest rates, currency valuations, and inflation always have an impact on the prevailing price trends of cryptocurrencies.
5. Innovation in blockchain technology: The advancement of a blockchain technology can also lead to a bull market in specific cryptocurrencies or tokens. As more people get excited about the benefits and potential use cases of the technology, prices may surge and fall back in dramatic and unpredictable ways known as Popcorn Moves.
How Do You Measure Altcoin Season?
1. We begin our measure altcoin season by reviewing each coin against a standard trading signal.
2. Then we count the number of coins in each stage of the trade to get our Daily Action Matrix and
3. we plot the daily totals over time and get a birds eye view of the altcoin season trends as they come and go.
Our Crypto Portfolio Rebalancing Tools

In a simple example, consider a moving average crossover that compares the movement of two different moving averages to identify buy or sell signals. A buy signal is generated when a short-term moving average (such as a 20-period moving average) crosses above a long-term moving average (such as a 60-period moving average), and a sell signal is generated when the short-term moving average crosses below the long-term moving average.

Check Out This Before And After Example

By filtering out the assets that are not passing the crossover, you can focus on the assets that are currently proving their uptrend may have started and avoid assets that have not yet crossed the threshold.

Remember, moving average crossovers above are just a simple example.

The Crypto SmartWatch portfolio rebalancing tool is based on a transparent trading plan that our team uses with trendlines, chart technical patterns and our custom Exponential Moving Average crossover indicator to manually review and identify buy and sell signals for each crypto asset we are tracking.

Altcoin Signals You Can Actually Use

How long does altcoin season last?

If we review 2021 and 2022 we can see that each of the altcoin seasons lasted between two weeks and eight weeks.

It’s important to note that past performance is not an indicator of future performance, and no investment strategy can guarantee a profit or eliminate the risk of loss… yet we simply must project how long it would take us to become a crypto millionaire if we could trade the next big waves altcoin seasons in 2023 and beyond.

Historical Altcoin Season Data

The Crypto SmartWatch historical Altcoin Season data identifies a number of false starts in the past. We must be ready to deal with the fakeout altseasons if we are to remain prepared to catch the best performing altcoins in the next bull markets.

Yellow are ALERT zones, Green are bull waves of Altcoin Seasons in 2021 and 2022

The Crypto SmartWatch crypto rebalancer is a low time-maintenance crypto investing tool that can save you hours of time trying time the altcoin seasons and increase the performance of your crypto portfolio year after year.

By using the SmartWatch to diversify into the best-potential assets at the start of altseason, investors can focus their attention on positioning managing risk for growth and success.

Our advanced three week intensive course and crypto trade alerts may also combine an oscillator like the RSI, momentum indicator like the MACD, trend following tools like the Ichimoku Cloud and reversal indicators like the Bollinger Bands – with multiple timeframes – to fine tune and layer together our portfolio strategies.

However, it is important to remember that no single strategy or indicator can guarantee success in the uncertain crypto markets of 2023. Risk control strategies that protect your equity from the dangers of trading should be your first priority no matter which tools we might use to make informed investment decisions. Our job as traders is to position our money and to manage the risk and if we are correct, then the markets will naturally take care of the results.

Try our Crypto Portfolio Rebalancing Tool with an objective trend following strategy that anyone can actually use to diversify into Altcoin Seasons.
January 11, 2023
Discord Crypto Trading Signals
Four hallmarks of a good discord crypto trading signals community: (updated)
1. Transparency: The community should be transparent about its track record, methodology for generating signals, and the performance of its past signals.
2. Professionalism: The community should be run by professional traders with a proven track record of success in the market.
3. Responsiveness: The community should have a responsive team that is available to answer members’ questions and provide support.
4. Consistency: The community should provide consistent, high-quality crypto trading signals that can be relied upon to make informed trading decisions.
New Directions For our Crypto Discord Group

Our Crypto Discord Community provides support and encouragement for Crypto Bloggers.

As a community, we encourage and guide all ethical writers at any level (beginners are welcome and the most accomplished writers are encouraged to mentor others).

We create a collaborative atmosphere where we can all take the next step toward our success while supported by the enthusiasm of the group!

We are seeking to add new writers bringing different perspectives about crypto, investing and personal wealth building.

Our editorial team embraces diversity, values our writers, and helps them find their writing voice in a collaborative platform.

Personal and authentic experiences are helpful both for the writer and for the reader.

We each come to crypto for different reasons because we are each on a different stage of our financial abundance. Some are working two jobs while learning about crypto while feeding a family, while others are lifting from a strong income stream to greater wealth.

Many authors will be new students who may be beginners creating their first investment journal, while other authors will be wealthy with years of successful trading experience.

Write For Us

You are all welcome to share your authentic crypto trading perspectives here.

Feel Like Part Of The Group

A trader can also see if the leaders are committed to providing crypto signals with a good track record, answering questions and providing guidance in a professional manner, giving access to important market insights and responsive in addressing member concerns.

Our discord, Digital Currency Traders has been one of the best crypto trading signal Discord groups since 2017 because it is well moderated and free of spammers.

Crypto Trading Signals Discord

The power of Discord for following crypto trading signals comes down to interacting with other traders who are studying the same trading system.

These interactions can be extremely beneficial to speed up your learning and shorten your journey to becoming a crypto millionaire. Here are a few key benefits of participating in the Digital Currency Traders community of crypto traders who are all working to master the same system:
1. Collaborative Learning: By discussing the trading system and sharing information with others, traders can learn from one another’s experiences and gain a deeper understanding of how the system works as we pass through each stage of Altcoin Seasons. This can help you prepare to manage risk, as well as to refine your own trading habits.
2. Mentorship: Experienced traders in the community can provide valuable guidance and mentorship to newer traders. This can include providing tips and strategies for success, as well as offering feedback on trade ideas and setups.
3. Support: Participating in a community of traders can provide a sense of camaraderie and support, which can be especially important during times of market volatility or when traders are facing difficult risk control moments.
4. Access to High-Quality Signals: A strong community can also provide access to trading signals that match the trading plan. Like training wheels on a bike, trading signals are a valuable tool for traders. Digital Currency Traders provides guidance through all 5 Stages of The Trade, covering entry and exit signals, as well as more specific details on position size and risk control.
5. Performance Monitoring: When studying the history of the community chat, a trader can gain insights on how the community leaders have been providing a good crypto trading signals community over a long period of time. Look for a thread with a history of their #winning-trades. Look for signs of transparency when dealing with complaints, consistency in posting the same trading approach, professionalism in keeping the community free of spam, and responsiveness to user questions. The signs that you have found one of the best crypto discord communities can be easily be tracked by scrolling back through the past interactions of the community.
Discord Crypto Trading Signals community

Click to join the Digital Currency Traders (FREE)
Crypto Trading Signals Community

Overall, participating in a Discord Crypto Trading Signals community of traders who are all working to master the same system can be a valuable way to improve trading performance and develop a deeper understanding of how Altcoin Seasons come and go.

Four hallmarks of a good discord crypto trading signals community:https://t.co/JQ0sBEQ7di #crypto #cryptocurrency #AltCoinSeason #cryptodiscord
— introtocryptos.ca (@introtocryptos) January 17, 2023

By learning from others and sharing information and insights, traders can gain a competitive edge and be better equipped to navigate the often-volatile crypto markets.
January 11, 2023
5 Reasons To Automate Your Crypto Trading
In this article, we discuss 5 good reasons to use trading bots to automate your crypto trading strategy – at the end we’ll share unexpected disadvantages you should be aware of.

Automated trading bots like 3commas

and copy trading platforms like BitGet

have become an increasingly popular tool among cryptocurrency traders looking to automate and optimize their trading strategies.

These software programs are designed to execute trades on behalf of the trader, using algorithms and technical indicators to make decisions based on the trading signal definitions.

Why automate your crypto trading strategy?
1. Time-saving: The first principle of wealth building is that your money should be working for you while you do other things. One of the biggest advantages of using trading bots is that they do the unending menial task of watching prices for you. If you find yourself watching the charts or constantly checking the markets to manually execute trades, consider learning how to set up a bot to make trades on your behalf – or find some proven copy trading profiles and follow their automations.
2. 24/7 trading: Crypto markets never sleep and using a trading bot allows you to assign your money the task of monitoring price and executing trades even when you are not available. This can be especially useful for investors who want to trade a slow long term, trend following approach.
3. Diversification: A series of crypto trading bots across a portfolio of digital assets makes it easy to diversify into a new crypto portfolio at the start of the next Altcoin Season – and also to manage the work of closing trades at the right time. We have set up our trading bots to follow the proven Crypto SmartWatch strategy for different portfolios of coins. By diversifying your portfolio with a small position in many coins, you can spread exposure across different assets, thus increasing the potential for a single investment with massive moves boost your overall returns.
4. Backtesting: Another advantage of using trading bots is the ability to backtest different strategies. Our methodical backtesting allows better confidence to identify when Altcoin Season is starting and ending, helping us fine-tune the settings and timing of the trading bot operations. Our Crypto SmartWatch historical research is now invaluable for crypto traders to optimize their trading strategies in 2023. Improve your understanding of risk control in trading crypto currency trends before you start trading with a bot.
5. Emotionless trading: One of the most common mistakes made by traders is allowing emotions to cloud their judgment. This can cause trading mistakes when we are winning and trading mistakes when we are losing. A well-planned trading bot can eliminate this problem as trades are executed based on pre-set rules and algorithms rather than emotions, opinion or second-guessing. A Botted strategy will remove emotions such as fear, greed and excitement, which can often lead to impulsive trading and higher risk.
Our research has shown that trading bots can provide advantages when you correctly automate your crypto trading.

Trading Bots can be especially useful for investors who wisely take a hands-off approach to trading. Experienced investors leave their money to manage the work involved in watching the markets to capture opportunity at the correct time.

However, it is important to note that like any trading strategy, using a trading bot comes with its own set of risks.

Disadvantages Of Using A Bot To Trade

While trading bot services and the best copy trading platforms offer a range of options and tools, they also come with some disadvantages to be considered. Some of the downsides of using copy trading or following trading bot include:
1. Lack of flexibility: Trading bots rely on pre-set rules and algorithms to make trades. This can be beneficial in some cases, but it also means that the bot is not able to adapt to changes in the market or unexpected events. (For example we know that our trend following strategy, the Crypto SmartWatch, will take repeated losses in a sideways market so we have manual review of the activity of all our our bots.)
2. Lack of human judgement: Trading bots can also lack human judgement, as they make trades based on pre-set rules and algorithms. We must understand all of the conditions of the market and how our bot will respond so that we might pause the bot operation in some market conditions.
3. Risk of hacking: Trading bots are operated through software, which means they are vulnerable to hacking attempts. This will always put your funds and investment at risk, so we recommend funding your trading exchange with only a small part of your overall cold storage assets. Always take the time to set up 2FA and strong random passwords on your exchange accounts. Keep your cold storage digital assets on a hardware wallet.
4. High costs: You may think that many of the best trading bots on the market come with a high cost but you can select from a range of low price and high return bots to follow on 3commas or BitGet.
5. Lack of transparency: Most trading bots operate in a ‘black box’ with complex sounding things going on behind the scenes, which can make it difficult for traders to know exactly what trades the bot is making and why. The Crypto SmartWatch approach is completely transparent and easy to understand. We can explain why every trade is placed!
Are Trading Bots Even LEGAL?

It’s important to also note that depending on the jurisdiction you’re trading in, there might be some legal and regulatory restrictions around the use of trading bots. It’s important to be familiar with these before using bots, to ensure compliance with regulations.

Trading Bots and Your Tax Obligations

Using a trading bot will not change your tax classification. The classification of your trades and investment activity for tax purposes will be determined by
1. how often you trade and
2. the amount of profits you earn.
Large crypto profits will affect the tax bracket you fall under and thus change your tax obligation.

It’s also important to note that, depending on the jurisdiction and the way you use it, the use of a trading bot could change the way your profits are classified by the tax authorities.

Beware Of Day Trading Bots

For example, if a day trading bot is used for scalping, it may be classified as a business activity and may be subject to different tax rates and regulations than if it were used for long-term buy-and-hold investments.

It is always recommended to consult with a tax professional in your country to understand the tax implications of your crypto trading activity and how the use of a trading bot may affect it.

Keep Trading Records The Easy Way

It is also important to keep accurate records of all your trades and report them correctly on your tax return in order to avoid any issues with the tax authorities.

It’s good practice to keep track of all your crypto transactions and keep records of buying, selling and trading of any cryptocurrency, this would help in determining the capital gain/loss on them, as well as the cost basis. Simply import your trade data from your exchange API and CoinTracking.co will calculate the rest.

Crypto trading is subject to tax regulations in most countries, so it’s essential to comply with them to avoid any legal issues.

Automate Your Crypto Trading

Overall, while trading bots can offer a range of benefits to traders, they also come with a number of disadvantages and dangers. Get to know exactly how your bot will work before deciding to automate your crypto trading with a bot.

Crypto Investors should consider their own unique needs and risk tolerance when deciding whether to use a trading bot. Additionally, it is important to always do your own research, and thoroughly test and evaluate any trading bot before using it with your own funds.
January 10, 2023