Springboard Entry Patterns Flash Amid The Bearish Turn

Over the past couple days the ALT/BTC markets decided to take a wee step back, I’m not sure if the bear is retreating to its den for another nap to finish out crypto winter? Or is this dip in prices is the ‘liquidity grab’ before the big pump?

Now, what’s to expect from this seemingly quiet forest?

The “popcorn moves”!

These are the bursts of opportunities that pop up amidst a calm market, much like how popcorn leaps out of the frying pan.

Oct 18: Trend Trading Favorites To Watch

The AltSeason CoPilot details a high probability group of coins with

• 14 ALERTS,

• 20 HOLD and

• 18 PARTIAL HOLD status coins,

We have already narrowed down the strongest chart formations.

Look Inside Bitcoin Dominance

While Bitcoin Dominance shows that the average of ALT/BTC pairs have been pulling back, this is not the case for all of them.

Below we feature two charts that match the risk management approach and the chart pattern timing we use in starting a new position.

DIA Coin: Jump Higher off the Springboard

Let’s wade into the waters with DIA coin, shall we? Recently, this coin tiptoed back, landing itself into what we call a springboard entry pattern in our trading system.

Picture a diver on the edge of a springboard, poised and ready.

The market showed a burst of buying, akin to the diver taking a small hop before the big dive, then settled back onto support levels, much like the diver pushing down on the board to get the benefit of the spring.

This scenario crafts a beautiful risk to reward ratio for us.

It's like having a safety net below as we take a position in the market, and the net's been placed at just the right height to catch us if we slip, yet low enough to allow a thrilling yet calculated dive.

The burst of buying is our green signal, and the subsequent settling is our cue to position ourselves, set a small risk, and await the market’s next move.

Isn’t it a thing of beauty when the market lays out a path like this, ready for us to tread with a well-measured stride?

Walton Coin: A Funtastic Voyage Awaiting

Now, shuffle over to Walton coin; it’s drawn back to a bearish-looking, yet promising chart pattern.

It’s like we’re on the cusp of a funtastic voyage and we're front-running our trading signal by preparing an entry pattern.

This pattern is a bit of a tease, but in a good way. It’s inviting us to take a position at the bottom while the one-two-threes are still laying down their base, kind of like getting a sneak peek before the show officially begins.

The attraction here is the low risk assured by this position.

It’s like setting up camp at the base of a hill before a potential climb; we have a clear view of the path ahead and a solid ground beneath.

The one-two-threes building their base is like the universe's way of whispering, "Get ready, the adventure’s about to begin."

And oh, the stories we'll tell.

Get The Full Plan

The springboard and the funtastic voyage are not just chart patterns, but they are part of a complete trading plan that guides our trading decisions, always with a dash of caution and a spoonful of optimism.

So, as we sift through the market, we make our moves with a sprinkle of wisdom and a bucket full of planning.

Remember, every popcorn move is an unknown. If we prepare in advance and diversify there’s a better chance we’ll capture one of those amazing fishing tales waiting to be told.

Are you ready to catch your lunker?

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More tomorrow!

Trade Save and Keep Those Losses Small

Doug