The Best Approach For Potential Altcoin Season

Cryptocurrency Charts Turn Bullish in July - How Can We Manage Risk The Right Way This Time?

Every time we put on a trade another potential altcoin season, we have a chance to follow the rules and protect our assets, or we can ‘trust our gut’, ‘go with our opinion’, or ‘hold for the reversal’.

The first option will keep our trade small until after we are proven correct… and as a consequence… being wrong is just part of the routine.

The second option will make you go large and leveraged because you are ‘sure of the signal’… and as a consequence… being wrong is costly and emotionally draining.

Best Approach?
Diversify, Start Small and Be Objective.

Check out this steady progression of AltSeason Signals building up from the daily action matrix in the AltSeason CoPilot Spreadsheet:

Here are the screenshots from July 11 2023

Pie chart shows AltSeason Status Snapshot

AltSeason Status Graph shows High Number of Altcoin Opportunities

Big Changes Are Already In Position

Early moving projects stand out from the crypto crowd.

And now, almost a week later,
the objective data has changed in important ways.

We've put in a LONG damn time being ready.

So, play these patterns actively - but with risk control. All of us have been burned and humbled and Rekt from trading crypto… and yet all of us can choose a better risk strategy.

For example, some of these trades are playing out but you may not have the money to actually trade them all. Even though those trades are not for you, we can paper trade them, and journal about the patterns as they play out.

Better Risk Strategy In Two Minutes

What is the highest risk I can recommend?

The wise part of me knows to put 1/2 of 1% of my crypto pool into a spot position for each of these coins that pass our proven criteria.

That is, your position size should be no greater than a $25 investment if you have $10,000 to invest!!

Yep. that small.

Let's walk through the math and the logistics of this low-risk, diversified approach.

We need to know WHY this filter is so effective in finding the profitable coins in altseason, before we'll restrain ourselves and only put on the weeee tiny sized trades into any one coin.

Once we see how the filter works over time, you really can manage up to 100's of coin positions with only 20 minutes per day.  

You get to know precisely where your job is, and exactly when you are to sit and do nothing.

When you know when your action points are, and were we must surrender results to the market - then the long term approach to positioning become clear.

It not only catches the coins that make the biggest moves, it keeps us out of the lagers.

I'm super excited by the setup in the AltSeason CoPilot long term data.

Even though I'm trepidatious, the truth is - I don't know the future... my opinion is actually based on limited data... however, one thing that has been regular, is that this spreadsheet has kicked my ass year after year.

And I'm learning to let go of my opinion, and just do what the system says to do.

Lets dig into these charts.

If we are going to unlock profits during altcoin season, then we need to understand the strategies that will help us identify which coins are opportunities.

So, Um, What is 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. In our approach to trading the ALT/BTC spread during altcoin seasons, we seek to take advantage of the price spread between the alts and btc.

The Dangers Of Trading Are Assumed Up Front

The AltSeason CoPilot is based on a proven crypto trading plan that includes risk control strategies. This plan is designed to help investors identify and take advantage of altcoin season trading opportunities. We know from hard experience that the price relationships between altcoins and bitcoin are not always straightforward. We expect them to change and even as we begin positions at the start of the most promising looking altcoin season in a long time - we must always manage our risk exposure and be aware of common trading mistakes.

What’s Up With Bitcoin Dominance?

One of the key indicators of an altcoin season is a decrease in Bitcoin dominance.

Bitcoin dominance refers to Bitcoin’s market capitalization as a percentage of the total cryptocurrency market cap.

When Bitcoin’s dominance decreases, it may indicate that investors are shifting their focus to other cryptocurrencies. However, this is an average of the entire group. Within that group of coins, some will be out performing, while others are stagnant.

To gain insight into which coins are performing best, traders can rely on the daily action matrix from the AltSeason Copilot.