Early morning updates in our Discord today are focused on the changes in the Bitcoin dominance chart. If you are prepared in advance, these are days to be sharp and watch for those coins passing the filters I talk about below.

As Bitcoin dominance is dropping relative to the price of Bitcoin, this indicates that altcoins are performing better than Bitcoin versus the US dollar.

Because Bitcoin broke strongly lower in the past couple of days, there's still a question about the cryptos that are outperforming.

Let's check the charts and see what they are telling us.

First, I want to review the "AltSeason Copilot" for overall trends and to help me focus on a narrow list of the top cryptocurrency charts according to our trading plan.

Our cryptocurrency analysis has been on high alert for some time, as Bitcoin dominance is showing a top formation and might potentially drop from here.

As we recently published on CoinMonks: a select group of coins are holding their ALT/BTC bottoms better than the rest. We want to prepare for this shortlist of coins to cross our Daily Action Matrix zones.

Watching for a Repeat of June 2022

Our team experienced a similar move in cryptos through June of 2022. This profit was under the radar for most people in cryptocurrency because they were focused on watching the alt vs. US dollar price chart, rather than observing the spread between the alts and the price of Bitcoin.

As we trade this spread, we can find opportunities of strength in projects that might not be as obvious when we only consider the US dollar chart.

We recently posted on the Data Driven Investor: how the recent four failed consolidations in cryptocurrency prices through 2023 now provide us with clarity about which crypto projects have support, and which do not.

Filtering The Change In Price Spread

The "AltSeason Copilot" spreadsheet introduces a special filter that helps us identify some of the top potential projects.

Once we are comfortable with how the written trading plan functions to identify trend-following circumstances, our subscribers can dramatically reduce their time spent on the charts while never missing an opportunity.

Recently we posted more on Insider Finance Wire so that you can also identify the specific chart patterns that are holding strong and setting up for some potential.

Uncertainty Makes For Opportunity

But only a sound trading plan can make your money work for you while you do other things. You must plan in advance, and practice in advance. And you must make all your mistakes in advance - and correct YOUR trading mistakes… before you will be ready to take advantage of the next big wave.

No matter where you are on your learning curve, practice now.

It is so worth it!