The AltSeason CoPilot report for 2023-11-07
The Alt Season Copilot spreadsheet lets us look inside Bitcoin dominance to identify the coins that are changing to bullish trend in cryptocurrencies first. As the trend continues to unfold, we can watch the interaction of our three statuses of coins.
We can expect that the ALERT status coins will now pull back, and that the HOLD status coins will continue to climb.
This will be consistent with a continuation of the bullish trend.
Bullish Trend in Cryptocurrencies
Members Update: Strategies for this stage of Altcoin Season
Do The Work Of Stage 1 Of The Trade
It is an active time.
We should be reviewing all of the chart patterns against our trading plan PDF to ensure that we are taking a small position in each of the coins that are passing our signal.
What Will Come Next For Sure
We can never know the future, so if we diversify with very small positions and work on our risk management, we are positioned just in case the future has some incredible fantastic gains.
This is our busy time as a cryptocurrency trader. Once we get our stop losses above our entry positions, then most of our work is finished, and then we sit still and let the market play out whatever is coming next.
We have no long-term positions, but we may end up with some positions that we hold for a very long time from these incredible bottom formations starting a massive bullish trend in cryptocurrencies.
Sign up for the AltSeason CoPilot. Each day we manually review each altcoin/btc chart and we update the trade status as we rebalance our model portfolio from day to day. The pie char above is our Altseason Index.