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
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.
In the world of cryptocurrencies, Bitcoin is often considered the king, but Bitcoin Dominance to Decline in 2023.
Bitcoin has been the most dominant cryptocurrency since its inception in 2009. However, in recent years, other cryptocurrencies, also known as altcoins, have emerged and gained popularity. As a result, Bitcoin’s dominance is slowly decreasing, and altcoins are about to catch up.
Bitcoin Dominance
Bitcoin dominance is a term used to describe the percentage of the total cryptocurrency market capitalization that Bitcoin holds. In simpler terms, it is the measure of Bitcoin’s market share compared to other cryptocurrencies. At its peak in 2017, Bitcoin dominance was over 80%. However, as more altcoins entered the market, Bitcoin’s dominance has decreased. As of March 2023, Bitcoin dominance is around 40%, which is a significant drop from its peak.
Altcoins on the Rise
Altcoins are cryptocurrencies that are not Bitcoin. These cryptocurrencies were created to address some of the limitations of Bitcoin and to provide additional features and benefits. Examples of altcoins include Ethereum, Binance Coin, and Cardano. As the cryptocurrency market continues to grow, more altcoins are being created, and they are gaining popularity.
One of the reasons for the rise of altcoins is that they offer unique features that Bitcoin does not. For example, Ethereum and other powerful Layer 1 blockchains like Link and Cosmos, are known for their smart contract capabilities, which allow developers to create decentralized applications.
Binance Coin is used to pay for transaction fees on the Binance exchange and can be used to get discounts on trading fees.
Altcoins Are About To Catch Up
For the longest time, Bitcoin has been the dominant player in the cryptocurrency market. It has a massive market cap, is the most widely recognized cryptocurrency, and is the go-to for most new investors. However, things are starting to change, and altcoins are about to catch up. In this article, we’ll explore why this is happening and what you can do to maximize your returns.
The Rise Of Altcoins
While Bitcoin has been the face of the cryptocurrency market for over a decade, altcoins are starting to take center stage. One of the reasons you may want to consider investing in Layer 1 coins, such as Ethereum, Polkadot, and Cosmos. These coins offer more functionality than Bitcoin and enable developers to build decentralized applications (DApps) on top of them.
This has led to the growth of the DeFi (decentralized finance) sector, which has seen massive growth over the past year – and these decentralized power tools are about to get connected to AI Tools in dramatically more secure ways.
Bitcoin Dominance to Decline in 2023
For years, Bitcoin’s dominance over the cryptocurrency market has moved up and down in waves. And in 2023 this has started to change to a very bullish setup. Bitcoin’s dominance may decline significantly in coming months as the explosive trend in artificial intelligence is expected to gain more traction.
AI-powered trading bots are also becoming increasingly popular among investors as they can analyze massive amounts of data and trade with better risk management across a diversified strategy to filter out the most profitable trades. As more business processes are improved with AI-powered business smart contracts, we can expect to see more money flowing into altcoins , further increasing their market share.
We can expect to see more money flowing into crypto because of it’s solid business utility.
Maximizing Your Returns
If you’re looking to maximize your returns in the cryptocurrency market, there are a few things you can do. Firstly, it’s important to have a well-diversified crypto portfolio that includes a mix of Bitcoin and altcoins.
Secondly, you should have a crypto trading plan that includes risk control strategies. This will help you manage your risk and avoid losing money due to market volatility.
Finally, it’s important to keep up with market trends and news. This will enable you to make informed trading decisions and capitalize on emerging opportunities. You can use resources like Altcoin Opportunities to stay up to date on the latest trends and strategies.
The AltSeason CoPilot
The rise of altcoins has led to the development of a new trading strategy called the AltSeason CoPilot.
This strategy involves trading the ALT/BTC spread, which is the price difference between an altcoin and Bitcoin.
The AltSeason CoPilot uses a simple daily routine to trade this spread and can help anyone achieve more success with their cryptocurrency portfolio management in 2023.
The AltSeason CoPilot is based on a proven crypto trading plan that includes risk control strategies.
Based on the principle that altcoins tend to outperform Bitcoin during altcoin seasons. An altcoin season is a period when altcoins experience significant price increases compared to Bitcoin. This can happen when Bitcoin’s price is stable, rising or decreasing. By trading the ALT/BTC spread during altcoin seasons, investors can take advantage of these price differences and increase their profits.
In conclusion, altcoins are about to catch up with Bitcoin, and it’s essential to have a well-diversified crypto portfolio that includes a mix of both. The rise of Layer 1 coins, the lower barrier to entry, and the use of AI-powered trading bots are contributing to the growth of crypto asset values in 2023 and beyond.
Understanding how Bitcoin Dominance affects altcoin season can provide insight into profit opportunities in the overall trends of the cryptocurrency market. Bitcoin dominance, bitcoin price, and altcoin season are all interconnected with Stable Coin Dominance.
The Crypto SmartWatch breaks down the effects on Altcoin Seasons caused by Bitcoin Dominance and Stable Coin Dominance and provides a daily action matrix that new DIY traders can learn and actually follow.
What is Bitcoin Dominance?
Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that is held by Bitcoin. It is a measure of how much of the market is controlled by the leading cryptocurrency. When Bitcoin’s dominance is high, it means that it is a major player in the market and that other cryptocurrencies, known as altcoins, are not gaining as much traction. On the other hand, when Bitcoin’s dominance is low, it means that altcoins are taking a larger share of the market and potentially outperforming Bitcoin.
Here is a handy way to think of how Bitcoin Dominance affects Altcoin Seasons:
Bitcoin Dominance Basics
Bitcoin price, or the value of a single bitcoin, can also affect the market dominance of Bitcoin. When the price of Bitcoin is high, it can increase the market capitalization of the cryptocurrency and therefore increase its dominance. Conversely, when the price of Bitcoin is low, it can decrease the market capitalization and reduce its dominance.
When Is It Altcoin Season?
Altcoin season refers to a period of time when the US Dollar value of altcoins, or cryptocurrencies other than Bitcoin, experience a surge in value and market capitalization at a faster pace than bitcoin price.
This can be caused by a variety of factors, such as increased adoption, new development, or favorable world economic market conditions. During altcoin season, the market dominance of Bitcoin may decrease as investors flock to altcoins in search of potential gains.
Does Stable Coin Dominance Matter?
Stable coins, which are cryptocurrencies that are pegged to a stable asset such as the US dollar, can also provide insight into the flow of money into and out of the total cryptocurrency market capitalization.
Stable coins are often used as a way to store value and move money in and out of the market while remaining in a monetary for that is easy to convert back into other cryptocurrencies.
When stable coin dominance increases it is bearish for altcoins, it may indicate that investors are seeking to move money out of the market or to protect their investments from volatility.
On the other hand, a decrease in stable coin dominance is bullish because it may suggest that investors are feeling more confident in the market and are willing to take on more risk by investing into crypto again.
It is important to note that these relationships are not always straightforward and can change over time and we must always manage our risk exposure and be aware of common trading mistakes. For example, a decrease in Bitcoin’s dominance may not always mean that altcoin season is upon us. It could also be caused by a decrease in the overall market capitalization, as has been seen during market downturns. Similarly, an increase in the use of stable coins may not always indicate a lack of confidence in the market. It could also be a sign of increased adoption and demand for stable coins as a store of value.
Trading Altcoin Seasons in 2023
In 2023, the relationship between bitcoin dominance, bitcoin price, and altcoin season is even more complex and multifaceted. Stable coin dominance can provide insight into the flow of money into and out of the crypto markets but we need the Crypto SmartWatch to view the start and end of each altcoin season with improved clarity.
How Bitcoin Dominance affects Altcoin Seasons:
Understanding how Bitcoin Dominance affects Altcoin Seasons can provide insight into the overall health and maturity of the cryptocurrency market – but the Crypto SmartWatch breaks down that overall data into a simple daily action plan for building, balancing and releasing a diversified crypto portfolio as altcoin seasons come and go.
