There are three important zones to notice in the chart pattern here today with the altcoin season index.

➀ First is the yellow graph that shows the increase in the number of coins in alert status, which is almost passing our Buy Signal.

➁ The second is harder to see, but it's the dark green line behind the yellow, and we can see that it is increasing. This is a measure of the number of hold status coins that have passed our Buy Signal.

➂ The third data point to notice is the light green line that is decreasing slightly right now. This is a measure of the number of coins in partial hold status. When the hold statuses are increasing while the alert statuses are increasing, my guess is that these partial hold status coins are going back into hold status because of a bullish move in the price chart.

AltSeason CoPilot Update September 23

The altseason copilot spreadsheet shows us which coins are in alert status and which coins are in hold status.

We can see an important shift where we have 16 new alerts in one day, and 14 new coins in hold status today as well. These are important turning points in the market when groups of cryptocurrencies are demonstrating that they are outperforming Bitcoin.

This is especially important if we can show that Bitcoin dominance is making a top formation in the chart.

What Can History Show Us?

Then, we can use our historical data from the altseason copilot spreadsheet to pinpoint a grouping of cryptos that are the most likely to outperform the general market.

Because these cryptocurrencies have shown positive price movements during the full waves in the past and they are also making a classical bottom formation at the present time, we can group these coins together and monitor them to see how they perform against the average.

I don't know the future, but in my thinking, these projects have proven that they have weathered the crypto winter by the investor interest which is demonstrated by the chart pattern.

Altcoin Season History

Access The AltSeason CoPilot Spreadsheet:

Sponsor Plug

Cryptocurrency News September 23

Hey folks, Doug here! If you're looking to make sense of the crypto world, you've come to the right place. Let's dive into the latest happenings that could make or break your next investment move. Ready? Let's go, eh!

☛ The following content was curated and summarized by AI.

The Revolution in Fundraising: Crypto's New Frontier

• Source: ValueWalk

• Published: September 22, 2023

Cryptocurrency is shaking up the traditional fundraising game. Gone are the days of red tape and middlemen. With crypto, you can raise funds faster and more efficiently.

• Key Takeaways:

  • Streamlined fundraising process

  • Decentralized approach

How will crypto change the future of fundraising?

Luxury Meets Crypto: A Match Made in Digital Heaven

• Source: LUXUO

• Published: September 22, 2023

Luxury brands are embracing cryptocurrencies like Bitcoin. This new trend is creating a digital luxury market that's here to stay.

• Key Takeaways:

  • Cryptocurrencies gaining traction in luxury sectors

  • Emergence of a new digital luxury market

Can luxury and crypto coexist in harmony?

Crypto Misuse in Latin America: A Dark Side

• Source: TECHTELEGRAPH

• Published: September 22, 2023

A new report highlights the misuse of cryptocurrencies in Latin America, including drug trade and financial schemes.

• Key Takeaways:

  • Large-scale drug trade operations

  • Complex financial pyramid schemes

How can we combat the misuse of cryptocurrencies?

The Fed's Decision: A Cloud Over Crypto

• Source: RTTNews

• Published: September 20, 2023

The crypto market is jittery as it awaits the Federal Reserve's next move. While no rate hike is expected, the market is anxious about the Fed's tone.

• Key Takeaways:

  • Market anxiety ahead of Fed's decision

  • Uncertainty affecting crypto prices

How much influence does the Fed have on crypto?

TikTok and Crypto Scams: A Warning

• Source: wsaw.com

• Published: September 22, 2023

Watch out, TikTok users! The Better Business Bureau warns of rising cryptocurrency scams on the platform.

• Key Takeaways:

  • Increase in investment scams

  • TikTok as a new platform for fraud

How can we protect ourselves from online crypto scams?

Final Thoughts

So there you have it, the latest and greatest in the crypto world. What do you think? Ready to make your next move? Remember, the market waits for no one, but that doesn't mean you should dive in without looking. Always do your homework and keep those risk control rules in mind.

Take Action: Got something to say? Leave a comment, share this newsletter, or subscribe for more. Let's navigate these crypto currents together!