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Showing 18 of 18 results by whatever61
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Topic
Board Trading Discussion
Re: Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
by
whatever61
on 17/08/2021, 22:28:39 UTC
Actually, I think I found one of the most common reasons.. It's small pumps and dumps, created by crypto channels.

I analyzed the candles on a minute basis before the signal (green), at the moment of signal (blue) and after (red).

Check out the screenshot:

https://snipboard.io/manWZG.jpg

You can see that it has very low amount of trades. Then:

The organizers buy some of the coin

Send the signal at 18:02

Dump the coin

This happens lots of times per day. Even though I am not sure this is the only reason, but it seems like a common one, since there are tons of signals channels.

Hey guys, thanks for all the replies, but you kinda repeating the same Smiley
Please check it here, I tried to analyze it deeper and provide an explanation with a screenshot.
Seems to be the reason for the small cap coins.
Post
Topic
Board Trading Discussion
Re: Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
by
whatever61
on 16/08/2021, 19:20:05 UTC
Actually, I think I found one of the most common reasons.. It's small pumps and dumps, created by crypto channels.

I analyzed the candles on a minute basis before the signal (green), at the moment of signal (blue) and after (red).

Check out the screenshot:

https://snipboard.io/manWZG.jpg

You can see that it has very low amount of trades. Then:

The organizers buy some of the coin

Send the signal at 18:02

Dump the coin

This happens lots of times per day. Even though I am not sure this is the only reason, but it seems like a common one, since there are tons of signals channels.
Post
Topic
Board Trading Discussion
Re: Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
by
whatever61
on 16/08/2021, 17:11:12 UTC
When a coin is low cap coin or, when the liquidity is low and thin or, when the coin is not well distributed and large chuck of the supply is in few hands, it will be easy for such coin to be manipulated! Just few dollar buy, will increase the market price. And the opposite is also true for such coin i.e a few dollar sell can crash the market price!

I don't think that's the case, since these are coins listed on Binance with volume around 100BTC. I am sure there are even higher that have the same behaviour.

I can see lots of trades during that day, not just couple of trades that moved the price..

Post
Topic
Board Trading Discussion
Re: Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
by
whatever61
on 16/08/2021, 16:42:54 UTC
I understand, but in that case the rise in price would be instant in one second. Right?
What I see is dragging for hours..
Post
Topic
Board Trading Discussion
Topic OP
Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
by
whatever61
on 16/08/2021, 13:49:55 UTC
I am trying to analyze what causes some coins to rise in price more than 10% in one day, while no announces actually happen.

1. It does not look like a pump and dump, since the price is growing gradually during the day, not in one minute and not dumping quickly.
2. There were no news on Twitter, media or coinmarketcal.

I will provide couple of examples:

1. DODOBTC - Today - 16 July
2. DODOBTC - 11 July
3. DODOBTC - 6 July
4. EPSBTC - 15 July

My best guess is that it has to do with some technical analysis that causes whales to start buying and this is causing some chain reaction, however this is just a guess.. Would love to hear your opinions.
Post
Topic
Board Service Discussion (Altcoins)
Re: Website to analyze signal channels
by
whatever61
on 27/04/2021, 08:34:05 UTC
I don't recall any service like that. It sounds good, assuming the market still have an interest on free trading calls. I doubt you can find out their private/paid calls since you'll have to spend a lot of money doing that.

Most traders that I know of follows Telegram channel regularly to check signals, some of them also use Discord. I personally only follow The Dude and Coin Bureau, not because they give trading calls, but because they shared lots of good info for free.

The market is full of that and there are hundreds of thousands of followers. Demand is not the issue.
My interest was if there is somethinig already existing or people are just guessing whom to follow or doing their own check ups (it's just not that easy to check all the past signals on your own)

Hm.. not one channel. Gonna review many channels.
And the point of the OP was about the tool to let users test signals.

Maybe please re-read the OP Smiley
Post
Topic
Board Service Discussion (Altcoins)
Re: Website to analyze signal channels
by
whatever61
on 26/04/2021, 18:36:17 UTC
I don't recall any service like that. It sounds good, assuming the market still have an interest on free trading calls. I doubt you can find out their private/paid calls since you'll have to spend a lot of money doing that.

Most traders that I know of follows Telegram channel regularly to check signals, some of them also use Discord. I personally only follow The Dude and Coin Bureau, not because they give trading calls, but because they shared lots of good info for free.

The market is full of that and there are hundreds of thousands of followers. Demand is not the issue.
My interest was if there is somethinig already existing or people are just guessing whom to follow or doing their own check ups (it's just not that easy to check all the past signals on your own)
Post
Topic
Board Service Discussion (Altcoins)
Re: Website to analyze signal channels
by
whatever61
on 26/04/2021, 17:27:33 UTC
1. Never seen any of that in existence so if you're going to build it, you're probably the first one to do it.

2. I have never followed one and it's also the same question that have built in my mind for which signals you're going to analyze with your website. The legitimacy of your website will be questioned if you're just picking random signals although as a matter of fact that determining one that's real and legit is difficult to verify.

2. What do you mean random? Just take all the signals of a certain channel and make an analysis of the results..
Post
Topic
Board Altcoin Discussion
Topic OP
Multiple buy orders without blocking the amount on Binance
by
whatever61
on 25/04/2021, 22:01:14 UTC
Does anyone knows a way (using a bot perhaps) that I can set multiple buy orders, without blocking my balance?

The use case is:

- I have x amount of money
- I would like to buy ANY of the 10 coins for all my money, if the price drops a certain % from the current price.

I know you cannot do it on Binance directly. Any bot or service that can do that?
Post
Topic
Board Trading Discussion
Topic OP
Website to analyze signal channels
by
whatever61
on 25/04/2021, 20:57:46 UTC
Hi all,

I am thinking to build a website where users would be able to analyze signals of some crypto gurus. There are lots of channels where users can get signals, but I never found a summary that checked which of them actually works..

Users will be able to provide:
- Coin pair: NAV/BTC - Signal time: 20/03/2021 15:55
Result will be:
- Price at signal: 0.000045
- Price now: 0.0000055
- Diff: 20%
- All time high (what you could have potentionaly earned): 0.000090
- All time high / Price at signal: 50%
User defined columns:
- Price x minutes after the signal - user can choose the amount of minutes. For example, I would like to know the effect of the signal in the next 5 minutes
- Price x days after the signal

It will be in a form of a grid and users will be able to provide multiple signals. This way test a specific signal channel and see how many of the signals were correct and etc.
Users will be able to easily copy-paste into excel from the grid for further analysis Or copy from excel into the grid.

At the same time I am going to test myself all the most popular signal channels and keep an up-to-date list with analysis and ratings of the channels.
All this will be done via Binance API.

I am aware that users could potentially do that in Cryptosheets after setting it up correctly (which is not easy enough for most users), but i would like to build a web version and Cryptosheets has a limit of 1000 calls per month, so it won't work for something public.

I have two questions:
 
1. Does anyone know of something already existing that does something similar?
2. A question for users that follow these kind of channels: How do you check the signals currently? how do you know to which channel you should listen to?
Post
Topic
Board Service Discussion
Re: Cannot find a portfolio tracker that will show current PL and BTC daily balance
by
whatever61
on 02/04/2021, 21:45:04 UTC
You can use PlasmaFinance (you can look it up url is plasma.finance). I have been using it to track my portfolio and soon they will release in any currency you want.

It is a defi platform but you do not HAVE to use it if you just need to track balances and portfolios for free:) You just have to connect it to your wallet that makes trades.

That's not a tracker, but a trading platform, it seems.
Post
Topic
Board Exchanges
Re: [Binance] Android app for Order fill notifications on binance
by
whatever61
on 02/04/2021, 14:31:23 UTC
I just bought your app.
Thanks, just what I was looking for.

I wanted to ask if you considered adding just a simple PL vs. buying price? (this is something you could charge for as well).
Also the open orders would be good to have them sorted by date.
Post
Topic
Board Trading Discussion
Merits 2 from 1 user
Topic OP
Cannot find a portfolio tracker that will suit me
by
whatever61
on 30/03/2021, 23:46:33 UTC
⭐ Merited by hugeblack (2)
I need a portfolio tracker that will have the following features:

1. Abiltiy to input my buys and sells (or ideally import it automatically from Binance) and show me the current PL relative to the purchased price
2. Ability to create different groups (to analyze different strategies)

I tried about 10 of them and I am not happy with any..
The closest I found to match my needs is: CoinGecko, but I have to fill it up manually.
Altrady: it's just too buggy too often.

A simple example of ONE GROUP:

Pair   Buy date   Buy price   Sell price   PL %   Sold?
XXXBTC   2 days ago   0.15   0.22   47%   V
YYYBTC   3 days ago   0.14   0.21   50%

and of course totals and all that

3. Track my BTC balance change after each trade or just at the end of the day. This way I can see how it's growing.

Does anyone know of a good tracker?
If not, do you think it would be a good idea to build one?
Post
Topic
Board Trading Discussion
Re: Which alerts are you using?
by
whatever61
on 17/02/2021, 23:58:23 UTC
Thanks all for the recommendations of the alerts sites.
This was not the intention of the post. I am already using a tool that I like.

The intention was to ask WHICH alerts did you set and why..
Post
Topic
Board Trading Discussion
Topic OP
Which alerts are you using?
by
whatever61
on 16/02/2021, 01:00:45 UTC
Hi all,

I'm using a tool that can alert me for any sudden change in any coin.

Example: alert me when any coin grows 5% in 10 minutes.

I would like to find cases where there's higher uptrend probability.

Example: if a coin grows 5% in 10 minutes there's a very high probability that it will grow another 5% in the next 30 minutes. (just an example out of my head, nothing to do with reality)

Are you using any kind of logic like that for your trades?
Post
Topic
Board Trading Discussion
Re: Trading on up trend and stop losing on down trend
by
whatever61
on 29/01/2021, 15:23:57 UTC
It's a good strategy when the market is on an uptrend (you get to make more profits than the 1% losses due to stop loss triggers) but on a down trending market or when the market prices are sideways, You might not realize any profits as stop loss might be triggered most of the time due to the high volatility of crypto market

Ok, but this way I will minimize the losses on the down trend, no?
Post
Topic
Board Trading Discussion
Topic OP
Trading on up trend and stop losing on down trend
by
whatever61
on 29/01/2021, 14:06:54 UTC
Me and my friend are newbies and would like to try the following strategy and would love to hear your opinion about it:

It is probably a known strategy which is based on trends, but we don't know how it's called, therefore cannot find info specifically about it.

The concept is:

Whenever the trend goes up we hold the position.
Once it goes down 1% (or any other % that we will set), we are selling it, expecting a down trend.
Then holding to that until it goes up again 1%.

Summary:

   - We hold to it as long as it goes up
   - We sell once it went down at least 1% (expecting a down trend)
        - We buy it again when it went up 1% (expecting an up trend)

In our excel simulation it was almost as good on an up trend and loss was significantly lower on a down trend.

Sorry in advance if the question is very basic.

Here is a small illustration of the concept.
Green arrow - buy
Red arrow - sell

https://pasteboard.co/JLThBHL.jpg
Post
Topic
Board Trading Discussion
Topic OP
Buy 5 coins and wait till each of them grows 10%, then sell
by
whatever61
on 03/12/2020, 08:49:24 UTC
Hey guys,

I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

From my analysis (correct me if I am wrong) it almost always does after a while.

I can imagine it sounds like a basic strategy for experienced traders.. Smiley

Please share your thoughts!

Thanks