Feb 13 saw a significant up-tick in Bitcoin Dominance chart. This indicates the weaker projects that are in Stage 2 of the trade may be hitting our protective stops.
Altcoin Portfolio Rebalance
As we move from stage to stage in the trading plan, we have a different set of options in the flowchart in front of us.
I review 90+ coins from 1INCH/BTC to ETH/BTC and compare the stop levels for the positions we have open in our crypto signal provider PRO ALERTS model 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.
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.
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
Shrimpy: Shrimpy is a portfolio management and trading automation platform that allows users to create custom trading strategies and automate trades across multiple exchanges.
3commas: Find managed crypto portfolios to follow or set up your own automated strategy.
TokenFolio: TokenFolio is a portfolio management and trading automation platform that allows users to track and manage their crypto assets and automate trades.
Kryll: Kryll is a platform that allows users to create and automate trading strategies using a visual strategy builder and backtesting tools.
Autonio: Autonio is a decentralized trading automation platform that uses AI and machine learning to execute trades on behalf of users.
AlgoTrader: AlgoTrader is a platform that allows users to automate their trading strategies across multiple asset classes, including cryptocurrencies.
Coinrule: Coinrule is a platform that allows users to automate their trading strategies using a simple rule-based system.
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
Today in #crypto a surge of 22 NEW HOLD and 4 Partial-to-HOLD status as #bitcoindominance tops out the ALT/BTC pairs are revealing the best crypto projects. See the wave chart below 1 of 2) pic.twitter.com/cZ2gWHb7fX
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.
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
Bitcoin (BTC) – The first and most well-known cryptocurrency, Bitcoin operates on its own independent blockchain and uses the Proof of Work consensus mechanism.
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.
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.
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.
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.
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.
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.
Cardano (ADA) – Cardano is a smart-contract platform that runs on its own independent blockchain and uses a unique consensus mechanism called Ouroboros.
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).
Stellar (XLM) – Stellar is a decentralized platform that enables fast and low-cost cross-border transactions and is designed for use by financial institutions.
Neo (NEO) – Neo is a smart contract platform that is often referred to as the “Chinese Ethereum” and operates on its own independent blockchain.
TRON (TRX) – TRON is a smart contract platform that aims to build a decentralized internet and operates on its own independent blockchain.
IOTA (IOTA) – IOTA is a digital currency designed for the Internet of Things (IoT) and operates on its own independent blockchain, called Tangle.
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.
Top influencers say it is important to invest in Layer 1 coins as a core part of your crypto portfolio.
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.
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.
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 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:
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.
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.
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.
Economic Factors: Global economic factors such as interest rates, currency valuations, and inflation always have an impact on the prevailing price trends of cryptocurrencies.
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?
We begin our measure altcoin season by reviewing each coin against a standard trading signal.
Then we count the number of coins in each stage of the trade to get our Daily Action Matrix and
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
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
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
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.
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.
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.
The next big cryptocurrency that could triple your money in 2023 is not the exotic shitcoin – but the big, stable, proven cryptos that have business use already.
Even as bearish momentum from 2022 haunts the markets in early 2023, investors are constantly on the lookout for timing the next surge in crypto markets. While no one can predict with certainty which individual coins will perform the very best, a diversified crypto portfolio strategy will like include the following projects that have the potential to deliver significant returns in 2023 and even more in the coming years.
As we consider which crypto might give the best returns, we must consider when to buy them.
Watching the US Dollar Index and understanding the changes in global money supply can help us prepare for the effects of inflation and rising interest rates and better time when coins might moon as we plan and anticipate when the next altcoin season will begin in 2023.
How Does The US Dollar Index Affect Crypto Prices?
The US dollar index (USDX) is a measure of the value of the US dollar relative to a basket of foreign currencies. When the USDX strengthens, it means that the US dollar is worth more compared to other currencies, and when it weakens, it means that the US dollar is worth less. This can affect the price of bitcoin and other cryptocurrencies because bitcoin is often considered as a hedge against fiat currencies like the US dollar.
When the USDX strengthens, it adds bearish pressure the price of bitcoin. On the other hand, when the USDX weakens, it may add pressure for the price of bitcoin to rise.
How Does Global Money Supply Affect Crypto Prices?
Global money supply refers to the total amount of money in circulation in the global economy.
When the global money supply increased after COVID it has lead to inflation, which can erode the purchasing power of money. This resulted in bitcoin and crypto currencies moving in a huge bull run as they were more attractive as a store of value. When more people start buying bitcoin with the low-cost liquid money supply, the demand for bitcoin increased, causing its price to rise.
On the other hand, as we are heading into 2023 the global money supply is tightening with the intention to slow inflation – but may even lead to deflation, which can increase the purchasing power of the US Dollar.
This can make bitcoin, precious metals and real estate prices fall more in 2023.
It’s important to note that the US Dollar Index and World Money Supply are just some of the factors, along with Bitcoin Dominance and Stable Coin Dominance that can affect the price of cryptocurrencies in 2023.
The Best Overview of Crypto Trends
In order to get the best overview of altcoin season start and end, keep in mind that price trends move together for all of the cryptos. We keep an eye on the industry as an average with a tool that manually rates and monitors hundreds of cryptocurrencies each day – we call it the Crypto SmartWatch.
Here are four cryptocurrencies from the overall list of 300+ coins that we are actively monitoring for bottom formations to confirm in the early part of 2023 – because we believe these coins could potentially triple your money or more!
Crypto SmartWatch Action Panel for January 6 2023
Where To Buy Crypto Easy
Bitcoin (BTC)
It’s difficult to discuss cryptocurrencies without mentioning the granddaddy of them all: Bitcoin. The world’s first and most well-known cryptocurrency. It has a strong track record of functional stability and has been one of the top performing assets in the world, until 2022 that is…
One of the key factors that makes Bitcoin so appealing is its decentralized nature. It is not controlled by any government or financial institution, which gives it a level of independence and freedom not found in traditional currencies. Its decentralized nature also makes it resistant to censorship and fraud, which has helped to increase its popularity and adoption.
In recent years, Bitcoin has gained significant mainstream attention and adoption. Major companies and even countries have all made significant investments in bitcoin, and more and more merchants are beginning to accept it as a form of payment.
Ethereum (ETH)
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, fraud, or third-party interference… although censorship on the Ethereum network transactions now exists. These smart contracts are powered by the Ethereum network, which is fueled by its native cryptocurrency, Ether (ETH).
Ethereum is unique in that it was the first platform to allow developers to build and deploy decentralized applications (DApps). This has led to the creation of a vast ecosystem of DApps and has helped to establish Ethereum as a leader in the crypto space.
In addition to its role as a platform for DApps, Ethereum is also a popular choice for initial coin offerings (ICOs) and has played a key role in the development of decentralized finance (DeFi). As the DeFi market continues to grow and gain mainstream attention, Ethereum is likely to benefit from increased adoption and usage.
Cardano (ADA)
Cardano is a decentralized, open-source blockchain platform that is built on a proof-of-stake (PoS) consensus algorithm. It was created by Charles Hoskinson, co-founder of Ethereum, and is designed to be a more secure and scalable alternative to other blockchain platforms.
One of the key features of Cardano is its focus on sustainability and scalability. It uses a unique PoS algorithm called Ouroboros that is more energy-efficient than proof-of-work (PoW) algorithms used by other cryptocurrencies. This makes it a more environmentally friendly option, which is becoming increasingly important as the crypto industry grows.
Cardano is also designed to be highly scalable, with the ability to handle high transaction volumes without sacrificing security or decentralization. This makes it well-suited for use in large-scale applications and could make it an attractive option for businesses looking to integrate blockchain technology into their operations.
Chainlink: A Cryptocurrency Project with Longevity
Chainlink is a decentralized oracle network that provides secure and reliable data to smart contracts on the blockchain. It has been active in the cryptocurrency space since 2014 and has consistently ranked as one of the top performing assets in the market.
One of the key factors that has contributed to Chainlink’s longevity is its strong focus on security and reliability. The oracle network uses a decentralized network of nodes to provide data to smart contracts, ensuring that the information being used is accurate and tamper-proof.
In addition to its strong track record of stability, Chainlink also offers a unique business solution that sets it apart from other projects in the space. By providing secure and reliable data to smart contracts, Chainlink enables businesses to automate and streamline various processes, such as supply chain management, insurance, and financial transactions. This makes it an attractive option for companies looking to integrate blockchain technology into their operations.
Even the best crypto projects have a good time to hold and a good time to stand aside. It is a mistake to dollar cost average without regard to the overall trends of the markets and this is especially try in crypto currency trading.
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.
