Is This the Best Time to Start a Crypto Portfolio?

Why Right Now Could Change Everything

Howdy, fellas. Welcome back. In today’s video, I’m going to tell you why today is such an important time in cryptocurrency history for getting involved in starting out your portfolio.

Again, it’s not an opinion. This is fact based on what we’re seeing in the charts. This morning, I was going together through our data, and I can see the alt versus USD prices here, and we can see the alt versus BTC prices here.

And you can see yourself that there’s a lot of coins in alert status when we compare the BTC ratio versus the coins that are in US dollar.

The Rare Opportunity Hidden in Exit Status

So what I did is I went through. I said, “Wow, when’s the last time we had such a great time to begin with everything in exit status? That’s the very best time. It only comes around once in a year or so.”

So I pulled together all those charts, and I stitched them into a big long chart so that we could look back over time.

And we look back over October of last year into November, December. Then we get into February right here. And then we go through the June dump.

And then we see the little wave that we’ve just recently had. And while this shows us that we’ve come back to full exit status right now, this is a very different chart when we look at some of the alts over time.

What the Historical Charts Reveal

So I’ve got the chart for a bunch of different coins here with the altcoin and Bitcoin in the background.

And if we compare our long-term view here, this is back in October. This is a little February push. Then we’ve got June until now.

So if we look at all these charts now, we’re looking at October until February, February until June, June until now.

And in many of these coins, we can see that we had a little bit of fake outs here that went yellow, yellow, yellow. So it was telling us to get ready, but this was a very terrible bottom formation. And it really hadn’t built out in February.

We’ll see that some of the coins had a bit of a pump like Bitcoin did here. Then most everything came back to a very deep bottom in June. Then we had a run and we’ve pulled back.

So that in our data we see that we are in full exit right now.

The Higher Lows Nobody Should Ignore

And yet when we look at the charts, so if I go up here, we’re in full exit right now for most all the coins that we’re tracking.

Yet when we look at the charts, we can clearly see that we made a 1 123 bottom. And we made a big surge up and we’ve pulled back and we are above support and resistance from the past.

So this is quite a bit different timing for trying to select which coins to get into because we’ve come up and pulled back above support and resistance from the past.

And if we go through chart after chart after chart, you see a very similar pattern where October, November, December, not a good time to get in.

Even when it’s starting to show us alerts, it’s really, it, it’s not a good time to get in. We didn’t have a deep bottom formation built out.

Why a Few Big Winners Matter

So we can see that February until May and June, and we can see that some of the coins did mediocre and some of the coins did really good, and it’s that longtail distribution of returns that is where this system really makes the money.

So here again, it’s going into alert but not very much in hold and got us out right away, and then a little bit here some of the coins made some money here in February until end of May there.

So if we go through, we continue to see the pattern where it wasn’t very good. We got maybe some juice here. Then we see wasn’t a very good bottom, but it gave us a signal and we could have made a little bit of money out of this one.

And Algo again made a little bit of money when we zoom in on this on the, on the time frames.

So if we continue to go through, we’ll see that chart after chart shows a similar pattern. And every once in a while, we’re seeing some charts that made a really good gain in there before we got out of that.

And this gain will make up for any of the churn in the other charts that don’t really do very much. And that’s what the system is based on.

The Turning Point in Altcoin Trends

So over and over again, we can see that we had this similar pattern from October till February, February till June, June until now.

And the key thing to notice is that in all of the prior bull runs, we had a lower low and then a lower low. Now we’re sitting above higher lows.

And that is the turning point for me, that we’ve gone above higher lows and then we’ve pulled back to a position where we’re in cash and we can start choosing which ones we’re going to get into.

Inside the Mainspring Portfolio Manager

And that’s what the main spring portfolio is doing now, where if we go to the insights cover page, we can see that we just have a few hundred in here and we have three positions open now.

Two are strong, one is weak according to the way this is writing it up.

And if we go into the insights positions, we can see that there are a lot of coins in watch status. If we go into the coin states, we can see the same thing where we have a lot of exit status and the momentum is changing where we can see the buildup of coins that are showing alert status.

But again, we’re talking about the difference between the alt versus USD and the alt versus BTC pairs.

So the alt versus BTC pairs are showing us when are the alts outperforming Bitcoin. In other words, when is Bitcoin dominance going to drop? And I think we’re getting a little bit of foresight here in our charts.

What Bitcoin Dominance Reveals About Rotation

So if we look at Bitcoin dominance through those same time zones where in October, Bitcoin dominance was rising and giving us a little bit of pullback, rising, giving us a little bit of pullback and each of those pullbacks is where our system was flashing a little bit of a pump signal.

So you can see here that when Bitcoin dominance is rising, we go into full exit. And then we had those little bit of pump signals, little bit of pump signals there as Bitcoin dominance was giving us some noise here in October.

Then it’s churning and in February, you can see Bitcoin dominance made a bit of a drop and that’s where we had some of the alt versus BTC coins giving us some juice and then everything pulled back.

The June Crash Exposed Something Unusual

But in June, we had a very peculiar situation setting up where Bitcoin dominance was dropping hard as Bitcoin price was dropping.

So all of the alt versus USD prices were dropping really hard in June. And at the same time, Bitcoin dominance was dropping.

And I really flagged this right away on the charts because this is a sign of rolling over from Bitcoin into the altcoins.

And we can actually graphically see it when we look at Ethereum versus US dollar and then we look at Ethereum versus Bitcoin.

You can really see the difference here where Ethereum was really pumping for a period when everything was dumping. Then it had a bit of a dump too. But you can see that there was a lot more juice go into Ethereum during this period and I think those people accumulated and they’re just sitting on it.

So now the market is pulling back. Yet we are holding above support and resistance on both the F versus BTC and the F versus US dollar.

So that’s why I flagged these big moves here. When Bitcoin dominance is dropping and Bitcoin price is dropping, that’s showing the rollover from Bitcoin into the altcoins.

Are We on the Edge of Altcoin Season?

Now, more recently through the last month, we’ve seen Bitcoin dominance rising as Bitcoin price is dropping, which shows us that money is being taken out of crypto in general.

So if Bitcoin dominance continues to rise as Bitcoin price drops here, we’ll stay in cash and we’ll continue to watch.

Yet, with our system starting to show this difference between the alt USD and the alt BTC ratios, I think that we are right on the precipice.

The Trading System Takes Over

And the great thing is for me, there will be nothing for me to actually do. All of my trading here will be taken care of by the main spring portfolio and I’ll report on it from day to day.

Thanks for tuning in.

Trade safe and keep those losses small.