Learn about the top performers and emerging trends for the next altcoin season in 2023.
In our March Altcoin Season Index update, our pie chart shows that our portfolio is almost entirely out of altcoins, and most importantly, our main system also crossed the threshold that tells us to move to FIAT currency and get ready for the next set of 1-2-3 bottom formations.
Full EXIT For Many ALT/BTC Pairs
The CryptoSmartWatch spreadsheet shows the ALT/BTC pairs have almost completely exited positions over the recent pullback.
We’ve had seven opportunities like this since January 2021. The next altseason will be easy to see coming.
AltSeason 2023
Each time we complete an altcoinseason we can use our data to filter out the group of coins that made the best moves and compare that list against prior ALT/BTC price waves… …to come up with a HOT list of best potentials for the next altseason!
In other words, we can now look back and sort out the coins that remained in HOLD status the longest from January 2023 until March of 2023, and compare that to the group of best altcoins from prior Altseason waves… and we can be PREPARED to focus on a higher probability group of crypto projects to invest in.
The #altseasonindicator gives us the entries and exits…
the spreadsheet makes the process into a simple daily routine that anyone can do.
Crypto SmartWatch Control Panel
The smartwatch opportunities gauge, and the smartwatch entry index gauge are two of our little known tools that give us greater confidence in deploying our portfolio.
The blue line topping, and the red line bottoming – has proven to mark out when we should be prepared to run our sorting process on the hottest cryptocurrencies from our lists, because this is when the best altcoin seasons have started.
In the graph below we can see how the smartwatch opportunities index (blue line), and the smartwatch entry index (red line) change over time.
Four of the seven times since Jan 2021 were MASSIVE.
No way to know the future, but we do have a low risk way to be ready for it.
Preparing for Altcoin Season 2023
As the cryptocurrency market gets smashed with bad news and fud, investors are reconsidering their altcoins. With Bitcoin’s dominance decreasing and altcoins crashing, investors should actually be looking for ways to capitalize on this trend. But with so many altcoins to choose from, it can be difficult to know where to start within all this FUD.
Altcoin Season is a period when altcoins, which are alternative cryptocurrencies to Bitcoin, experience an increase in their US Dollar value faster than Bitcoin is increasing in US Dollar value.
A little know fact
A little known fact is that we can also have an altcoin season when bitcoin prices are dropping, but altcoin prices are not dropping as fast as bitcoin. By trading the ALT/BTC pairs, we can pull out value and profits in the price changes… even in a bear market.
This phenomenon happens periodically, as it did in May and June in 2022. It can present a window of opportunity for our investors and traders to maximize their returns on growing the number of satoshi they hold, regardless of the price movement of bitcoin.
However, it’s essential to have a strategy in place to succeed during the three phases of Altcoin Season. There certainly is a time when we should be holding fiat, and not crypto. And that should be built into your plan before you start.
What causes Altcoin Season?
Altcoin Season is often driven by various factors, including market sentiment, investor demand, and technological advancements. Altcoins with strong fundamentals, innovative use cases, and promising partnerships tend to perform well during Altcoin Season. Additionally, Altcoin Season can be influenced by macroeconomic factors, such as changes in government policies, economic growth, and geopolitical events.
HOWEVER – you DO NOT NEED TO have a sound understanding of the market dynamics and the factors driving the Altcoin Season to take advantage of the opportunities it presents! Instead, a simple approach can work with just minutes per day to manage.