Whale Feeding Zone Triggered in Bitcoin

Good morning, everyone. It's just after 4:00 in the morning, November the 20th, 2023. My name is Doug from Digital Currency Traders. We're going to jump through Bitcoin prices. We're going to take a long look at the old historical price of altcoins and why that's so important for your profits right now.

Let's jump into the news. I'm going to be featuring articles that our writers are publishing over on DigitalCurrencyTraders.

If you're a crypto writer and you'd like to be featured here, I would love to have your articles. So, the last little bit I've been the one writing, but we've had some recent articles by D4 teaching how to trade harmonic patterns. Neo, follow him on Medium. He's just got some amazing articles. The last little while, the last one that he wrote for us was how scam groups work.

This stream is being sponsored by an exchange, and I started this up on a weekend. I was too busy to get set up on that exchange and do a proper tutorial. So, I will be announcing the sponsor for this channel very soon.

Next, I'm going to go into the whale feeding zone.

This is what I've defined as the price movement inside the 4-hour Bollinger band ranges of outside that third standard deviation.

⮕When prices move outside the third standard deviation and then they move back inside the second standard deviation, there's a potential there for a mean reversion trade signal.

So, what I want to do in this episode every day is to adjust where these bands are and keep tracking the changes and talk through the changes as they occur.

Of course, I don't know what the future is, but this has happened a few times in the past. There are some things I watch for to confirm now.

And if prices, let me change the color of this, if prices stay above the 1-hour band where we had squeezed earlier and they stay up above these ranges, it may not be a mean reversion. It could be strength in the market that's very pronounced and it's going to be continuing.

So, if I was really bearish in the market and I was watching for a reversion or a bearish move, this would be it. We're up underneath a 1-2-3. We're up underneath a 2-3, and yet at the same time, our trading system has so much room for this price to go with some volatility that we're not going to be getting out of this trade here.

Let me go over to Bitcoin.

And here's our trade, here's our system what our system would be saying. So, we're still long. We have a long time that we would stay in a long position here with the caveat that if it does break below the 1-2-3 top formation here that we can see with this line, then our 4-hour EMA might be crossing, and our system would be telling us to lighten up on our Bitcoin holdings.

Now, in this episode, I want to go over some details for the Alt Season Co-pilot.

Some of the things that are going on in the Altseason Co-pilot right now is that you can see a whole bunch of markets have come back into partial hold status. There are some partial hold exits, there are some full hold exits there, and I want to zoom into Doge price here specifically and take a look at what that means for prices right now.

So, we can see Doge versus Bitcoin price as I pull in now to the close range price have broken out above a 1-2-3 bottom, and they've come back to consolidate along the top. So, this little consolidation actually gives us a great moment in time because we get to put on a position here if we wanted with a very low risk to reward ratio.

I could take a little bit of my Bitcoin, and I could turn it into Doge, leave my stops in place, and I'm pretty much not going to lose very much of my Bitcoin if this was to happen.

Growing Your Bitcoin: An Expert's Strategy

Now, you can see that I'm trading Doge versus Bitcoin price instead of Doge versus US dollar price, and the reason for that is that Bitcoin is going to go to a million dollars, and a dollar isn't.

So, I want to grow the number of Bitcoin that I have, and I want to pay attention to the alt prices so that I'm growing the number of Bitcoin that I have.

There are specific times where Bitcoin is, you know, staying flat where some of the altcoins do some incredibly insane gains. So, if you had taken your Bitcoin and turned it into Doge here, you would have 10 times the number of Bitcoin in this period of time.

It's really key to be watching these because they do such crazy moves, and I think we have the potential for those crazy moves to be setting up right now again because of the moves in Bitcoin dominance.

So, let's jump into Bitcoin dominance and take a closer look at that.

I've got the setup so that we can look at the last four years of Bitcoin dominance with Bitcoin in the background here. Not very easy to see, but Bitcoin dominance dropping means that the altcoins are gaining in US dollar value faster than Bitcoin is.

There are periods of time here where Bitcoin dominance is dropping, and the alts are making some great gains. In each year, we can see a few of them, except for 2023, which really has been a rough period of time.

Bitcoin Trends and Altcoin Opportunities

So now, if we go into Bitcoin in those same four years, we can see how bitcoin price has gone up and how it's come down, and what our trading system would have been doing.

Our system has three main places of hold.

One is in cash, which we try not to do very much because we believe in altcoins and how they're going to change the world. The other is in Bitcoin. That's our main two places, and sometimes we take our Bitcoin and we put it into altcoins, and then back into Bitcoin when it's appropriate.

There are periods when we should take our cash and we should put it into Bitcoin. Then, there are periods when we should get out of Bitcoin and put it back into cash. There are specific periods when we could get back out of Bitcoin into cash, and out of cash back into Bitcoin.

But it's harder to see when we should be getting into altcoins just by looking at Bitcoin dominance because, well, it gives us a good general clue, but it doesn't give us the specifics.

So, with our altcoin season spreadsheet, we go inside Bitcoin dominance so that we can see a lot better data.

So if I go back to Bitcoin dominance and we're looking at 2020, this is the period right here that was the bull market. And if I go back to our chart now, this is the bull market, the green lines here. And inside those green lines, we can see how which coins stayed in hold status the longest. Now, we can also see this orange and red zone here. We go back to Bitcoin dominance, this is when Bitcoin dominance is rising.

So this is when Bitcoin dominance is rising, that's when we had the big pullback.

Then we can see again if we're watching these charts, we'll go to the next year now. After this big pullback at the end of 2020 and I go into 2021, this is what the big long bull market looked like. We had a big surge of hold status coins.

Then they pulled back, and we had a lot of them went into partial hold status and then they surged again.

So if we look at Bitcoin dominance to see what happened here in 2021, the coins gave us the big hold status.

This is when they gave us a whole bunch of partial hold status.

That's our add-on signal for this Altcoin Season.

Great to see in hindsight, but there were incredible gains there where, like I say, one Bitcoin turned into 10 because we were positioned in the altcoins at the right time.

⮕So I'm watching for the opportunity, the potential for that same craziness to be happening right now as Bitcoin dominance may be dropping much lower from here.

Bitcoin Dominance is making a top formation that's worthy of preparing for.

And as we go through from 2021 now, and we can see there was a couple of different waves here.

If I go into 2023 now, we had a little bit of a wave in January, February of 2023. And then we've had just downtrends all the way along and a big red zone here in the end of June where everything really hit some capitulation lows. Those were really fantastic.

Then we've gotten sideways, and this was with a whale Zone accumulation Zone all in here. They're accumulating without moving the market much.

So now we've got the period where we've come up into a big alert status, and made a whole bunch of noise about that. So I'm hoping you made some profit off this as well.

Now we're into a whole great load of hold status coins, and we have a load of coins that have moved back into partial hold status.

So let me go back to our cover page.

And here are the coins that are in partial hold status, loads of them.

We have 69 coins now in partial hold status.

All of those coins pulled back into phenomenal places for us to get ready for our signals.

We've got to find those coins that are coming down to these historical lows. They're above something from the past. They've created the one, two, three pattern. They pulled back into partial hold status. These are gold in your pocket. I hope you can grab a hold of those.

Now, the whole trading system is actually free for you to learn.

There is the 32 page PDF that I wrote back between 2015 and 2017 or whatever. And we've been giving this away for years.

But if you want to get into the data, it's 40 bucks a month, 40 bucks a month to get into the data so that you have this access to this stuff so that you can be seeing the daily action Matrix. You can see exactly which of these 69 coins are...

Do your work, look through those charts, set up your risk-reward ratio according to our trading plan.

And there's crazy, crazy things setting up right now, not just in Bitcoin, but I'm thinking in altcoins in general.

And there's so much going on. I'll have to add more into tomorrow's live stream.

I didn't have time to do all the stuff that I want to do, but I'm out of time. I hope this is helpful for you. I really want to hear your success stories.

It doesn't take away from how much I can earn if you make a fantastic profit.

Now, trade safe and keep those losses small.