Massive Crash Sweeps Crypto

Even as the telltale signs were all over the place, there is no way to know the future.

The reason we created the AltSeason Copilot spreadsheet is so that we could look inside Bitcoin dominance and that we could get a better understanding of what the average of the alt coins are doing.

As we apply a standard trading plan to every different coin and then plot those averages in our charts over time, we get a better idea of the momentum of the direction of cryptocurrency prices. This doesn't let us know what the future is, but it does let us have a very specific place where we can get in and we can get out of the market.

Over the past several years, this system has proven to be more effective than my own personal opinion about which direction the markets are going.

Cycle after cycle, the spreadsheet has outperformed my own trading, and this used to be quite frustrating to me.

But I've come to improve my own trading by observing the Crypto Smartwatch spreadsheet as the bull and bear waves come and go. This has given us a perspective on how to get prepared for when the next opportunities will be setting up. They will be setting up, though it will be some time before we get the next bull market.

We've been telling our community on Discord about the change of trend as the AltSeason Copilot passed the exit ranges. It's always difficult to prepare for the exact moment where the shift will occur.

And this is no different; we had a lot of sideways chop that caused uncertainty and a lot of hope in the air that caused uncertainty as well, even though our trading plan had passed the exit zones.

Post Capitulation - NOW?

Last week, I published an article on Medium talking about the post-capitulation buyout strategy. After the capitulation low comes in, there will be a specific pattern in the charts. And the best projects are going to show that pattern first. The best projects are going to recover first.

Having a list of which are the best performing projects from the past alt season bull waves is going to help us get prepared right now to be in position with a small investment when those coins make the post-capitulation buyout pattern. This will not be the time to go in full position size because we don't know the future.

We don't know if there's going to be another wave of capitulation down. Yet, when we see the post-capitulation buyout pattern, we want to get a small position in place in those coins that have shown promise and bullish patterns in the past.

New Report Coming Soon

Our team is putting together a report right now. We are going through our historical data on the waves of coins that went into alert status in 2023. We're comparing that against the coins that did the best performance in 2022. We're going to shortlist that and have those lists available for our members. And I'll be very honored to have you along in this group.

Of course, the big moves in the market always occur when I've got a busy weekend ahead of me.

So, I'll put this blog post out and later in the day I may have time to do a video on the current state of the coins compared to the post-capitulation buyout pattern. Trade safe and keep those losses small.