I've seen a lot of comments about finding signal groups and the like. Well i have something that actually works but isn't a pump and dump get rich quick scheme by some influencer. I'm using these for swing trading to accumulate more bitcoin for myself, but it should work for alts, crypto stocks, even possibly the stock market if the correlation continues to be strong.
Likely it might work for alts, but we should not forget that many alts are shit coins and can change the possibility of making profit while trading. While talking about alts, the alt should be well studied before it is used for trading. There are some good alts for trading too, alts like ether, litecoin, qtum, neo, dgb and many others with a good marketcap and following the bull trends with bitcoin, unlike some altcoins that are just shit coins.
I believe Altcoins with low trading volume and liquidity are the one you are describing on shitcoins which is true that this trading will not work since theres no enough data for this indicator to use for creating a strategy.
I believe even on huge caps is still risky considering the FUD can happened on the specific project with just one allegation in the team like FTT and Luna which obviously cant be avoided by using this tools.