introtocryptos.ca

Tag: crypto portfolio

  • How I Grew My Crypto by 450% While Bitcoin Pumped 90%

    How I Grew My Crypto by 450% While Bitcoin Pumped 90%

    • If you want to skip the complex tech of cryptocurrency
    • If you have no idea when to position for altcoin season
    • And you want to invest in crypto without watch the charts

    Then this guide is for you.

    How to Position for Altcoin Season instead of Day Trading Crypto.

    I’ll share the exact pattern I used with a live copy trading account to grow a small crypto portfolio by over 450% in the past 149 days.

    No leverage. No day trading.

    My Money Works For Me

    Today I’ll share one of the four legs of our financial chair that will help ensure that you reach your financial goals sooner.

    The approach I’ll share today actually has the power to…
    entirely transform your crypto investing experience.

    You can go from

    • stressed
    • uncertain
    • addicted to the charts…

    …to

    ツ calmly managing all your positions in just 20 minutes per day.


    How I Made $352 For Free

    This profit story actually began in September 2023 when I discovered that my referral earnings had accumulated over three hundred fifty dollars.

    After searching through the charts at the time, I selected BAKE and I put the free money into the token and left it sit for more than two months before the big price breakout. (watch the video)

    Throughout January, the BAKE holding profits were taken and the equity was dedicated to a Copy Trading account.

    The Copy Trading account has been connected to our PRO ALERTS trade tracking spreadsheet.

    Recently the original investment profits were reallocated into a range of 40 different coins and tokens at minimum trade size.

    Copy Trading Account – Open Percentage Profits and Risk Profile

    How it began:

    $323 Value on September 30 2023

    Starting with free referral earnings to show that anyone can do this.


    $1866 Value on February 26 2024

    Starting $323, open profits stand at $1866 for an actual 477% increase.

    WHY This Strategy Is Amazing

    Bitcoin gained an astonishing 90% during this time, yet our portfolio did better.

    Here’s why:

    This 20-minute-per-day crypto strategy combines three components to time the market entries and exits:

    1. AltSeason CoPilot market trends
    2. Small diversified positions
    3. Timing each market with the 1-2-3 pattern

    Over the past 149 days this strategy has provided us with yet another fantastic case study to share and study here today.

    Trade the pattern, not the market.

    Are You Trading or Positioning?

    ➟ Before –  

    Trading cryptocurrency can be a daunting task.

    First you have to learn…. how to find the trades that you’ve supposed to take.

    And if you’re trading hasn’t been successful in the past couple years…

    Most traders work harder… spending countless hours researching.

    Only to face high volatility, changes in regulations, and unexpected price swings.

    Even with the most diligent efforts, many traders end up with minimal returns or even losses.

    You feel like you have been wasting time and money on small time frame trading patterns that don’t pay off – its discouraging and frustrating.

    ➟ After –

    Spend only minutes each day to position a portfolio with dozens of coins and tokens.

    That was all I did for this account to grow.

    With the right strategy, you need only spend a few minutes each day to position your equity at the times and places where substantial growth is possible.

    No More Chart Watching?!

    ➞ What would happen if you could take your mind off the charts?

    ➞ What if your money worked for you while you were doing something else?

    ➞ What if you no longer put hours per day into news and research?

    ➞ What are the things you love – that you have been putting off until after your trading is successful?

    Pro Tip: 

    I’m so excited to illustrate the patterns that I use to position my own crypto.

    Here are three keys:

    ☲ ➀ ☲

    Time my investments around the AltSeason CoPilot

    ☲ ➁ ☲

    Focus on the pattern and not the market

    ☲ ➂ ☲

    Diversify the portfolio a little each day

    I didn’t know in advance which coins might achieve these returns.

    I diversified into many coin and tokens and for this post I’m highlighting two of the best performers.

    I share these strategies so you gain belief in your ability to make money work for you.

    Lets start with two charts that our copy trading profile is now showing greater than 100% profits.

    I’ll show you the exact pattern that was my signal to get in.

    You will immediately begin to spot this pattern in other crypto markets.

    Case Study One

    COTI Chart: 

    The ALERT for this trade was published on January 23.

    The spreadsheet monitored prices and the Signal was fired on February 5.

    Where is it now?

    Currently the trade stands over 200% open profits:

    The stop loss is way behind price to give this market lots of room consolidate. This is in Stage 3 of The Trade.

    We have managed risk and we have been proven correct on this entry.

    Nothing for us to do here – even if prices retrace…

    Results/benefits: 

    This trade has proven correct and we are in profit.

    COTI/BTC Chart by TradingView

    In addition to watching a range of exit strategies to select from as time continues and the price pattern fills out, we are also watching for opportunities to add on to the successful trades that have proven correct.

    Case Study Two

    ARKM Chart: 

    The ALERT for this trade was published on early morning February 10

    and the Signal was fired soon after on the same morning, Feb 10:

    currently the open trade stands at

    and the stop loss is way behind in order to let the market have room to be wild.

    ARKM/BTC Chart by TradingView

    Benefits of This Approach: 

    These are fantastic example trades that have proven correct and we are in profit.

    We are in Stage 3 of the trade. Stop is above the entry and risk is managed.

    Now we review potential for adding on to the trade on the correct style of pull back – and also be ready for different exit strategies.

    We’ll select which Stage of the Trade matches the current market conditions…

    Prepare to add on with Stage 4

    Prepare to exit to Stage 5

    How it Works

    Step 1: Keep an eye on AltSeason CoPilot data which historically identifies trends of significant price movements.

    Step 2: Focus on cryptocurrencies that match our trading pattern, to spread opportunity to capitalize on various market sectors.

    Step 3: Manage risk for each trade in the portfolio by investing in small initial positions.

    Step 4: Rebalance your portfolio in 20 minutes per day as each coin achieves signal for the next stage of the trade.

    Step 5: Stop watching the charts.

    Build Healthier Trading Habits

    • Can you see the benefit of positioning instead of trading?
    • Would you rather save time and stress, instead of day trading the volatile crypto market on leverage?
    • Imagine if your portfolio grew by 450% in just minutes per day. How much more freedom would you have?
    • If you could change the way you trade so that you don’t have to watch the charts, how do you see that your life would be different than it is now?

    We want our crypto to grow while we’re doing something else.

    In other words if your system is set up correctly it will not take time from you through the day.   You will not have to watch the charts.

    The Value of a Proven Approach

    Myself and my team put in years research, countless hours of the stress, of trial and error, and hundreds of thousands of dollars invested to develop and refine this strategy.

    Yet all that means nothing for you – if you keep doing things the old way.

    The Cost of Old Habits

    What if you don’t do anything about this and you keep addicted to the charts and jumping in and out of trades too often?

    Well, I want to save you all of that… and give you free access to my course and all my data – for 7 days.

    The value this strategy can be fully unlocked simply with your commitment to learn.

    The value this strategy can be fully unlocked simply with your commitment to practice these principles.

    This can transform your your daily route, and just maybe your financial future as well.

  • Taking 180% Profit Was A Mistake

    Taking 180% Profit Was A Mistake


    Howdy fellas, I want to do a different style of video where I’m talking about some of the trades that have just happened in our system.

    I just closed a trade for 184% profit,
    and taking profits at that time was a mistake.

    In this video, I want to talk about that specific trade that we got the trading signal entry for AGIX back in February 3rd, and yesterday when the prices made a top formation,

    I took profit
    but I took profits too soon.

    So in this video, I’m going to talk about how my trade was actually against my trading system.

    First of all, I want to talk about the signal that got me into this trade because it’s really important for what I’ll explain at the end of this video.

    Then I’m going to talk about why I did the exit at this time and why that was a mistake, why I knew it was a mistake and I did it anyway.

    Then I’ll talk about what I should have done with the trade but according to our trading system.

    I think it was back in early February,

    ⟁ the agix versus Bitcoin price made a 123 formation that was a consolidation and it gave us a trading signal, and

    ➜ our system bought in with a copy trading account over on bitget.

    Now the trading system doesn’t give me an exit signal yet,

    but yesterday I closed that trade and I took profit at about 180%.

    Why I Took Profits Too Soon!

    And I took that profit for two reasons that are not related to my trading plan.

    First was my ego; I wanted to prove that I’m correct and take this profit so that I have the profit.

    I didn’t want to lose the profit, and that’s my second biggest trading mistake and I’ll explain more about that.

    I wanted impressive stats in my copy trading account over following my trading plan.

    The second reason I took that trading was so that I have that in my copy trading account so that the statistics are there of the 180% profit.

    Can’t go wrong when you start stacking those 180% profits in your statistics.

    That’s great stuff for the copy trading account, but it was actually against my trading plan rules.

    Start a Trading Journal

    So if you’ve ever written a trading plan for yourself and then you did something that was opposite to your trading plan,

    it’s really important to journal every step of that trade.

    A written trading journal takes you away from the charts to think.

    Get To Know Your Errors

    So that the next time you come around to that, you can make the decision whether or not you’re going to do that same error at that same time.

    Two Types of Errors

    This is really important because there are two types of errors that you make while you are a cryptocurrency Trader.

    First is the type of error that you get punished for; you lose money.

    So pretty soon you stop doing those kinds of errors or you have to quit trading.

    The second type of error, though, is those errors that you can make just like I had made right now that you will never know that you made an error until somebody points it out to you.

    Altcoin Season Secrets – The Wave and Pullback Strategy!

    And so I want to talk about stage four of the trade, and then I’m going to tell you where you can go and learn about this for free for the next seven days.

    Stage four of the trade is where the price moves up, and then it comes back and consolidates, and you add on so that you are bigger on your winning trades on these few trades that really do the big move and pull back.

    ➤ You want to add on to those, I’m thinking, because it seems to me that we’re at the very beginning of a very large three to five-wave stage.

    Elliot Waves

    So Elliot wave theorists are going to be super excited about what might be coming in altcoin season right now.

    And that’s because we’re coming out of an especially long Wyckoff Accumulation Pattern in the charts with the altcoins.

    And so I believe everything is building up for a wave and then a pullback and then wave again.

    Two Mistakes

    And so it was a mistake for me to take profit on my agix trade for two different reasons.

    ➥ First of all, I’m being fearful when I should be greedy, and

    ➥ Second of all, I’m doing an extra taxable event if I want to get back into that trade and make the profits as it continues the rest of the trade up.

    So it would have been better for me to sit still,

    but I took that profit so that

    • I have the money and
    • so that my statistics are in my copy trading account.

    What Is Next?

    And now I’ve taken that full wad of money, I took 17, we’ll say 17, and I turned it into 52.

    I took that full 52; I put it into another chart that’s making the very same pattern that AGIX was making a month ago.

    And now I don’t know, of course, if this new chart is going to do the same thing that AGIX just did but cross my fingers.

    Let’s see how this turns out.

    And so while I’m talking about the price chart pattern for one specific coin, it’s important to that all of the altcoins move together.

    And it’s better for us to, it’s less risk if we go across more coins in smaller trades and we stay into a spot position so that there’s no cost for holding the trade for a long time.

    Hidden Cost of Leveraged Trading

    Even if you’re doing low leverage, leverage trading Futures Trading, there’s always those ongoing costs as you hold the trade.

    Where as if you get into a spot position, you can relax more because that’s how many coins you have, and it’s easier to weather through some of the difficulties.

    And you’re also there for some of those coins that do the big moves that you would could never have known that they were going to go through.

    Exposing Trading Industry Secrets – Are You Being Manipulated?

    One of the most important perspectives is to know that the exchanges and most of the YouTube influencers, they make their money by your trading activity.

    For example, I was approached by one exchange to sponsor my videos, and then I contact another Exchange that had already sponsored me, and I said how much would you sponsor me?

    And they said it’s based on how much trading activity you generate.

    So the more I get everybody to churn their account, the more the exchanges pay me as a sponsor.

    Day trading crypto and leveraged crypto trading are encouraged only by exchanges.

    So then it encourages me to tell you that you should be day trading and that you should be trading and taking profits and then trading again and taking profits.

    Whereas I’m not sponsored by an exchange, I’m not motivated by how often you trade.

    I’m motivated by the fact that you sit on those trades for a long time and you make some phenomenal profits off of these things that change your life.

    This is the kind of story I want to hear, not how often you trade.

    Trade Smart – Step Away from the 15-Minute Charts!

    I say step away from those 15-minute charts; you should be looking at the charts 20, 30 minutes a day.

    And if you’re doing more than that, then you are micromanaging your money.

    And you should trade in such a way that you can relax and let your money watch the charts instead of you.

    Thanks again for being here; I appreciate your audience.

    Trade safe and keep those losses small.

  • AltSeason CoPilot – Cryptocurrency Portfolio Rebalancing Tool

    AltSeason CoPilot – Cryptocurrency Portfolio Rebalancing Tool

    Sign up for the AltSeason CoPilot. The Cryptocurrency Portfolio Rebalancing Tool That Anyone Can Actually Use.

    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.

    Key Trading Tips To Remember

    The following article was created based on our unique trading approach. We have been giving always our proven crypto trading plan PDF since 2015. Join thousands of people and learn to profit from trend trading.

    Altcoin season is 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’s price. 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.

    The AltSeason CoPilot is based on a proven crypto trading plan that includes risk control strategies. It is designed to help investors identify altcoin season opportunities and maximize their profits. The CoPilot is based on the principle of finding the altcoins that outperform Bitcoin during altcoin seasons.

    The AltSeason CoPilot provides signals and indicators that can help traders
    identify the best altcoin season opportunities.

    It also features risk management tools that can help traders
    manage their exposure and minimize their losses.

    Another sign of an altseason is a decrease in Bitcoin dominance, which means that Bitcoin’s market capitalization as a percentage of the total cryptocurrency market cap is declining. 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 form 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.

    While this indicates that investors have shifted their focus to other cryptocurrencies, it is an average of the entire group. Within that group of coins, some will be out performing, while others are stagnant. Bitcoin Dominance doesn’t give us the specific insight about which coins are performing best but we can rely on the daily action matrix from the AltSeason Copilot.

    Bitcoin Dominance Relationship Shifts

    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.

    Many traders in the cryptocurrency market focus on trading altcoins against the US dollar. However, by focusing solely on this approach, many traders may be missing out on valuable opportunities that trading the ALT/BTC price spreads can provide.

    Diversification Of Risk Exposure

    Another significant advantage of our approach to trading the ALT/BTC spread is that we recommend our traders to take smaller position sizes and spread their portfolio across multiple cryptocurrencies. By diversifying their portfolio in this way, traders can potentially benefit from explosive moves in the hottest cryptocurrency markets while minimizing risk in those coins that have no follow through.

    With this approach, traders can take advantage of a wider range of opportunities in the cryptocurrency market – while keeping risks low. To unlock profits with altcoin season trading strategies, it is important to focus on identifying long-term trends for altcoins and taking advantage of portfolio diversification.

    In addition to the AltSeason CoPilot, traders can also use other tools to help them in their trading. For example, Crypto Signals That Work can provide traders with timely and accurate signals to help them make informed trading decisions. Automating Your Crypto Trading Strategy can also help traders take advantage of market opportunities without having to constantly monitor the market.

    Finally, traders should also consider rebalancing their portfolios to take advantage of the opportunities that altcoin season presents. This can be done manually or by using a tool such as the AltSeason Portfolio Rebalance. This tool can help traders optimize their portfolios for the best returns by rebalancing their holdings to reflect the current market conditions.

    Altcoin season is a great opportunity for traders to unlock profits. By taking advantage of the tools and strategies discussed in this article, traders can maximize their profits and minimize their losses during this exciting period of the cryptocurrency market.

    Frequently Asked Questions

    Q: What is altcoin season and how does it impact cryptocurrency trading?


    A: Altcoin season refers to a period of time during which alternative coins, or altcoins, tend to increase in value relative to Bitcoin. During this period, traders often take long and short positions with altcoins to capitalize on the spread between them and Bitcoin. As a result, altcoin season can provide a great opportunity for traders to increase their profits as altcoin prices may outperform Bitcoin during this time.

    Q: How can I take advantage of the ALT/BTC spread in crypto trading?


    A: Taking advantage of the ALT/BTC spread can be done through several methods. By leveraging margin trading or futures trading, traders can use short and long positions to take advantage of the spread. Additionally, traders are also able to trade on exchanges that offer a wide range of altcoin pairs, allowing traders to capitalize on price differences between different altcoins.

    Q: What are the risk control strategies I should consider when trading altcoins?


    A: Risk control is an important element of trading altcoins as the volatility of altcoin prices is often higher than that of Bitcoin. To reduce the risks of trading altcoins, traders should employ a risk control strategy such as setting stop-losses and utilizing a risk-reward ratio. Additionally, traders should be aware of the potential risks and rewards associated with specific trading strategies, such as margin trading and futures trading.

    Q: Why do altcoins tend to outperform Bitcoin during altcoin seasons?


    A: Altcoins tend to outperform Bitcoin during altcoin seasons due to market sentiment and a greater level of speculative trading activity on altcoins. During altcoin seasons, traders often take long and short positions on these coins to capitalize on the spread between them and Bitcoin, driving up their prices. As a result, these coins can provide greater potential profits than Bitcoin during these times.

    Q: What are the signs of an upcoming altcoin season?


    A: The signs of an upcoming altcoin season include increased trading volumes for altcoins relative to Bitcoin, higher open interest on altcoin futures markets, and a decrease in the market dominance of stable coins. Additionally, traders may also look at market sentiment and upcoming developments releasing on altcoins, such as major announcements, to identify potential upcoming altcoin seasons.

  • How Can Trading Indicators Help You?

    How Can Trading Indicators Help You?

    You’ve probably heard about trading indicators and you’ve been using them without much of a plan. Let’s get specific about how trading indicators can help you better manage risk, find entries and exits and best of all – bring you peace of mind and release you from watching the charts all day.

    Trading Indicators can help you make better trading decisions by providing insights into the market’s behavior. And, they can serve to deepen or to correct your own mistaken cognitive biases, so they must be used with care and objective planning.

    Trading indicators are used by traders to identify trends and momentum – but when mixed in the wrong way, the result in different potential trading opportunities within the same chart pattern.

    For example, one indicator may be showing an uptrend, while another indicator may be showing overbought conditions and flashing a sell signal.

    New traders may not know which indicator to trust in which situation, leading to indecision and confusion.

    how trading indicators can help

    Unexpected short term situations can have a huge impact
    on the success of what could have been a good a trade.

    When unexpected news or events occur, small traders may react too quickly and change their positions because of a sudden but small timeframe price movement in the market. This can make it difficult for small traders learning to manage risk and refrain from over trading.

    Four Indicators That Work Together

    In this article, we’ll take a closer look at a set of four free trading indicators available with a free tradingview account.

    • We uncover how they can work together to verify the famous trend change pattern… The 1-2-3 Formation.
    • We’ll also discuss how they help with better risk control and better profit taking levels.

    So, whether you’re new to trading or a seasoned pro, I hope this short introduction to a few free tradingview trading indicators will also help you improve an aspect of your trading strategy!

    What Are Trading Indicators?

    At the base of it all, indicators are mathematical calculations that are based on a set of data – in our case the price and/or volume of a cryptocurrency, stock or a commodity. An unlimited variety of indicators are used by newbies and professionals to analyze the market’s behavior and to identify potential trading opportunities. Trading indicators can be categorized, and each category provides different variations of insights into the market.

    Some of the most common trading indicators include moving averages, bands and channels, candlestick analysis, harmonic patterns, oscillators, pivot points, wave analysis, and trend lines… the list of indicators goes on!

    Moving averages are used to identify trends, while oscillators are used to identify momentum. Trend lines are used to identify potential support and resistance levels. Band and channels can identify reversal points and counter-trend signals.

    learn how to use trading indicators together

    When used together with a trading plan founded on a proven risk control approach, this combination of trading indicators can unlock a new confidence in your entries and exits!

    How Do Trading Indicators Work?

    Trading indicators work by analyzing past market data to identify trends and potential trading opportunities. They are based on mathematical calculations, and they can be customized to adjust the risk parameters for all Five Stage Of The Trade.

    Indicators Work Together

    We use indicators as one of the three criteria to identify specific and objective changes in Altcoin each cryptocurrency to build our Crypto Smartwatch AltSeason index.

    For example, our popular AltSeason indicator might be set to look at the price of a crypto over the past 30 days.

    The indicator then calculates two different exponential moving averages of the price over that period.

    Different Types of Trading Indicators

    There are many different types of trading indicators, and each one provides different insights into the market. Here are a few of the most common trading indicators and a link to the basic definitions for each.

    • Moving Averages – Moving averages and Exponential Moving Averages are used to identify trends in the market. They are calculated by taking the average price of a security over a specific period of time.
    • Oscillators – Oscillators are used to identify momentum in the market. They measure the difference between the current price and a moving average.
      • Relative Strength Index (RSI) – The RSI is an oscillator that is used to identify overbought and oversold conditions in the market. It measures the strength of a security’s price action over a specific period of time.
    • Trend Lines – Trend lines one of the many chart patterns that can be used to identify potential support and resistance levels in the market. Trendlines are drawn on a chart to connect the higher highs or lower lows of the price.
    • Bollinger Bands – Bollinger Bands are used to identify potential breakouts in the market. They are calculated by taking the standard deviation of a security’s price over a specific period of time.

    We combine these indicators with three things:

    1. our trend following trading plan,
    2. our risk control rules and
    3. our diversification strategy

    to create a profitable, low risk approach to crypto that anyone can actually follow!

    How Can Trading Indicators Help You Make Better Trading Decisions?

    Trading indicators can help you make better trading decisions by providing insights into the market’s behavior.

    They can help you identify trends, momentum, and potential trading opportunities.

    Here are a few ways that trading indicators can help you improve your trading strategy:

    1. Identifying Trends – Moving averages and trend lines identify trends in the market. This can help you determine whether a security is in an uptrend or a downtrend, and can help you trade better.
    2. Identifying Momentum – Oscillators identify momentum in the market. This can help you determine whether a crypto is overbought or oversold.
    3. Identifying FAKEOUT Breakouts – Bollinger Bands identify fakeout breakouts and reversals in the market. When the bands tighten, it indicates that the token price is trading in a narrow range. This can help you identify breakouts from the fakeouts and reversals.
    4. Confirmation of Trading Signals – Trading indicators confirm trading signals. For example, if a cryptocurrency is showing an uptrend, but the RSI is showing overbought conditions, it may be a signal to sell the token. By using multiple indicators, you can confirm trading signals.
    5. Risk Management – Trading indicators help manage risk by identifying potential stop loss levels so you take losses when they are small. For example, if a crypto is trading below a key support level, it may be a signal to exit the trade and cut your losses. By using trading indicators to identify potential stop loss levels, you can manage your risk and make better trading decisions.

    Can Indicators Actually Automate Your Trading?

    Trading indicators are powerful tools that can help you make better trading decisions. They provide insights into the market’s behavior and can help you identify trends, momentum, and potential trading opportunities.

    By automating your crypto trades with tools for risk management, and portfolio rebalancing, you can focus on your life while your money works for you watching the price charts all day.

    automated crypto trading bots

    Three 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.

    By using trading indicators in conjunction with other trading strategies, you can improve your trading performance and achieve greater success in the market.

    However, it’s important to remember that trading indicators are not foolproof and should be used in conjunction with other forms of analysis. With the right approach, trading indicators can be a valuable addition to any trader’s toolkit.

  • Risk Management From Stage 2 to Stage 3 of The Trade

    Risk Management From Stage 2 to Stage 3 of The Trade

    Watch the Feb 18/23 Members Video (login here) then return to this post.

    In today’s 18 minute member video we cover more than twenty current examples of how to use support and resistance levels for Crypto Trading Risk Management.

    Our job is to manage risk as we transition our new positions from Stage 2 to Stage 3 of the Trade.  Managing risk is a multi-layered approach. Today we check stop levels in the new positions and talk through the reasoning for moving up some stops for profitable positions (Stage 3) and why we are leaving some of the profitable trades with stops below our entry (Stage 2).

    Read our research blog as we evaluate the fundamentals of top altcoin opportunities for 2023. We aim to make informed investment decisions and manage our risk. Find out what factors to consider when evaluating a project’s team, technology, and market potential. Stay informed about crypto market regulations and use this knowledge to manage your trading risk effectively.

    Discover the benefits of diversifying your crypto portfolio for effective risk management.
    Learn how to choose the right mix of cryptocurrencies to minimize risk and maximize returns.

    Successful trading requires effective risk management and emotional control. In today’s member video, we talk about how to identify and manage risk through all five stages of the trade in order to stay calm and focused during volatile markets.  Learn the best practices and tips for entering new trades and manage stop loss levels to minimize risk and leave room for the explosive opportunities in crypto. Discover the key factors to consider, understand the options and gain the confidence to execute trades without second-guessing and continual chart-watching.

    Learn how to make your money work for you while YOU do other things! Leave your money to do the dreary job of watching crypto price charts.

  • Automated Crypto Portfolio

    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

    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.

  • Why Invest In Layer 1 Coins?

    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.

    Layer 1 coins are the blockchain on which other applications can be created.

    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.

    Invest in Layer 1 coins to profit from crypto ecosystem growth.

    It’s important to do your own research and assess your own risk tolerance before making any investment decisions.

  • Crypto Portfolio Rebalancing Tool

    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.

    Crypto Portfolio Rebalancing Tool

    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 can now anticipate when the next altcoin season will start.
    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

    Rebalance your crypto portfolio as the bull trends come and go.

    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

    Three steps to measure altcoin season BEFORE screenshot
    AFTER screenshot

    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

    Crypto SmartWatch Portfolio Rebalancing Tool

    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.

    Altcoin Seasons have recently lasted from 2 weeks to 8 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.

    Crypto portfolio rebalanced over time
    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.

  • How Bitcoin Dominance affects Altcoin Seasons

    How Bitcoin Dominance affects Altcoin Seasons

    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:

    Altseason Rules
    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

    The crypto smartwatch looks inside to see how bitcoin dominance affects altcoin seasons

    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.