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. Let’s explore how The Altseason Co-Pilot trades the ALT/BTC spread with a simple daily routine can help YOU achieve more success with your Cryptocurrency Portfolio Management in 2023.
Identifying Long-Term Trends for Altcoins
We analyze all of the ALT/BTC spreads each day so our traders can gain insight into long-term trend averages for altcoins. This data can provide traders with a broader perspective on market movements and help them identify when altcoin seasons may be approaching.
By staying current with these trends, a simple daily routine is all that is needed to position your money so it can capitalize on the insane pumps in crypto.
The AltSeason Co-Pilot, formerly known as the Crypto SmartWatch and the Crypto BullMarket Watch
Taking Advantage of Portfolio Diversification
Another significant advantage of trading the ALT/BTC spread is that it allows 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 not follow through.
With this approach, traders can take advantage of a wider range of opportunities in the cryptocurrency market – while keeping risks low.
Diversify into the Altseason Co-Pilot Cryptocurrencies, based on trend following trading plan.
Exit and take profits when the trend is over.
Implementing Effective Trading Strategies
To achieve success in trading the ALT/BTC spread, traders must implement effective trading strategies that consider a variety of factors, including market volatility, technical analysis, and risk management. By focusing on these critical elements, traders can make informed decisions and minimize the risks associated with trading cryptocurrency.
The Altseason Co-Pilot for Cryptocurrency Portfolio Management
Since 2016 our focus has remained on trading the ALT/BTC spread. We want to trade altcoins only when they will grow the number of Bitcoin we have – because we believe Bitcoin will go very much higher in value, while the US dollar… will not.
To achieve success with this approach, traders must manage risk until the trade is in Stage 3, and then surrender the results to the market.
By doing so, our traders systematically keep their losses small, and leave their winning trades to maximize their returns.
The Altseason Co-Pilot is an experienced aviator who has navigated through every altcoin season since 2017
The AltSeason Co-Pilot can provide valuable opportunities for cryptocurrency traders who want to become crypto millionaires.
Stop over trading, and focus on identifying long-term trends for altcoins and taking advantage of portfolio diversification.
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.
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.
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:
our trend following trading plan,
our risk control rules and
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:
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.
Identifying Momentum – Oscillators identify momentum in the market. This can help you determine whether a crypto is overbought or oversold.
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.
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.
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.
Three 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.
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.
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.
