Crypto Quick Hits: 8 simple steps to multiple weekly winners

1 year ago

Cointelegraph Markets Pro gives members entree to aggregate strategies for uncovering play crypto winners.

This nonfiction outlines however to usage 2 overlooked indicators that, based connected humanities data, person been capable to alert traders to monolithic imaginable terms increases. These indicators tin besides beryllium indispensable tools for plus discovery.

When these indicators are abnormally high, they warrant a person look astatine the featured assets to analyse the reasons down the abnormal measurement dynamics.

Before diving in, it’s important to recognize this point: Cointelegraph Markets Pro is made up of multiple, real-time, AI-driven indicators, that supply members aggregate opportunities to get into prime assets earlier — oregon conscionable arsenic — their prices instrumentality off.

These indicators tin beryllium utilized individually oregon successful tandem to marque informed trading decisions. And that’s why, each week, members tin look guardant to uncovering winning alerts.

The trading strategy discussed beneath relies connected these 2 often-neglected metrics:

Below are 8 elemental steps to travel for this trading strategy:

Step 1: Go to the scanner and benignant by Positive Tweets Sentiment.

Step 2: Look for assets with a 60% oregon higher Positive Tweets Sentiment.

Make definite to customize the scanner presumption first, truthful the Positive Tweets Sentiment tin beryllium seen. Then click to adhd the Positive Tweets Sentiment file to the view:

The Positive Tweets Sentiment, by the way, is the percent of affirmative tweets astir a cryptocurrency implicit the past 24 hours. The higher the better, but the people is astatine minimum a 40% – 60% increase.

Step 3: Look for assets with a minimum of 200 – 400 tweets implicit the past 24 hours.

Ignore each high-sentiment tokens with precise fewer tweets due to the fact that these assets are apt giving a mendacious positive. The higher the fig of tweets, the much apt that thing affirmative is happening with the asset’s price.

Step 4: Find assets with Tweet Volume that are 50% oregon much supra average.

Tweet vs Avg measures however overmuch tweet measurement an plus has contiguous versus its 30-day moving average, truthful a worth of 50% means that an asset’s tweet measurement is 50% higher contiguous than it is connected an mean day.

This indicates a important and antithetic summation successful tweet volume. Such an summation tells america that thing is going connected with this asset, tipping members disconnected to a imaginable breakout of its price.

To analyse these signals, 1 should verify the alerts by pursuing the adjacent steps:

Step 5: Look for divergence with terms (flat oregon downward movements successful the chart).

Let’s instrumentality a look astatine an illustration with Gitcoin (GTC):

Positive Tweets Sentiment supra 60%? Check.

At slightest 200 – 400 tweets successful the past 24 hours? Check.

Tweet Volume astatine slightest 50% supra mean successful the past 24 hours? Check.

Now, let’s spot wherever the asset’s terms is going. It is champion if it is flat, snaking sideways oregon different dipping a bit.

Step 6: Make definite determination is capable trading volume!

Gitcoin is simply a small-cap altcoin, truthful it whitethorn beryllium a spot tricky to find exchanges with liquidity to commercialized this asset. With smaller altcoins and different much illiquid assets, trading measurement is volatile and inconsistent — truthful beryllium alert of the availability and trading pairs.

A minimum trading measurement scope of astir $200,000 – $400,000 depending connected the pairs disposable connected the circumstantial speech is recommended for optimal liquidity, but for smaller altcoins similar GTC, the trading measurement volition beryllium overmuch less.

Step 7: Look astatine what the Twitter buzz is about.

Go to Twitter and find retired what’s going connected with the asset! Maybe there’s an upgrade, possibly it’s a protocol change, oregon possibly the institution down the plus finished a wealth raise.

Read the threads. Get a consciousness for what’s going on.

Whatever is happening, verify without guessing. It’s portion of the owed diligence process earlier taking the last step. This accusation is captious to find whether to marque the trade, hold and monitor, oregon walk connected it.

Step 8: Set up a bounds bid to instrumentality nett astatine a comfy complaint of astir 5% – 10%.

After — and lone aft — verifying the alerts utilizing the steps above, don’t hide to acceptable up the commercialized to instrumentality immoderate profits. To bushed the moving complaint of inflation, an casual fig to usage is 10% but that is up to each subordinate to decide. By mounting a bounds bid to instrumentality profit, 1 tin fastener successful a palmy instrumentality connected each winning trade.

By pursuing these 8 elemental steps, Markets Pro members tin find aggregate play crypto winners based connected Unusual Twitter Volume and Unusual Trading Volume indicators.

This is conscionable 1 of galore coagulated trading strategies members tin instrumentality vantage of by customizing their alerts done the Markets Pro platform.

See however Cointelegraph Markets Pro delivers market-moving information earlier this accusation becomes nationalist knowledge.

Cointelegraph is simply a steadfast of fiscal information, not an concern adviser. We bash not supply personalized oregon individualized concern advice. Cryptocurrencies are volatile investments and transportation important hazard including the hazard of imperishable and full loss. Past show is not indicative of aboriginal results. Figures and charts are close astatine the clip of penning oregon arsenic different specified. Live-tested strategies are not recommendations. Consult your fiscal advisor earlier making fiscal decisions.

All ROIs quoted are close arsenic of January 31, 2023...

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