How to search gems in the daytrading!
Hello everyone! My friends have asked me to compile a list of actions we should take during a bull market, and that's what this post is about. Let's get started!
First Criteria:
First and foremost, I try to pick solid coins with a market cap of over 1M. I use the Binance Exchange screener. It enables me to track coin volatility over 24 hours.
Next, I keep an eagle eye out for volatility and percentage growth in a day. A rise of more than 8% in percent in the day is optimal.
The next step is identifying the day's level and breakout level.
The day's level refers to the 12-hour candle level, and the breakout level is the nearest support/resistance level that had breached.
These levels will serve as clusters to make further decisions about the coin.
If I spot volatility, I set up the DCA bot to work with it. In the trend situations, I stick with DCA settings. I turn to the GRID bot in the flat market.
For example. a short explanation of current situation of the
BCH
https://www.tradingview.com/x/e5lllitN/
News Analysis:
Evaluate a coin's potential based on news fundamentals through Twitter and Coinmarketcal. If you plan to hold crypto for more than 24 hours, you need to do research.
What news do I find interesting? New exchange listings, chain updates, forks, airdrops, and whether there's any significant news that might trigger a buying spree.
Backtest:It is a feature that I use with Bitgsap, allowing me to test how the coin could have generated profit with the bot's settings. It's not a guaranteed future result, but it helps me estimate potential profitability while considering past trends.
Hunting for hidden gems in the crypto world is a fun but risky adventure. Always conduct thorough research and be prepared for the ups and downs of the crypto market!
In-Depth Research:
One of the last types of research I perform is blockchain analysis, examining the product itself and the community.
Here, I analyze various data points, including the project founders and investment funds which have invested early in the platforms. The strength of the project's community and how often they appear in mainstream crypto media.
If I can fetch data on the number of large wallets holding the coin from the blockchain, I do that too to understand the strength of the coin's holders.
For example you can use DefiLama, moralismoney, etherscan and etc
https://www.tradingview.com/x/gn8MLF4c/
That’s it. How do you analyze crypto in the market? What is your strategy at this period? Write in the commentary below. I will appreciate your subscription. See you, folks!
First Criteria:
First and foremost, I try to pick solid coins with a market cap of over 1M. I use the Binance Exchange screener. It enables me to track coin volatility over 24 hours.
Next, I keep an eagle eye out for volatility and percentage growth in a day. A rise of more than 8% in percent in the day is optimal.
The next step is identifying the day's level and breakout level.
The day's level refers to the 12-hour candle level, and the breakout level is the nearest support/resistance level that had breached.
These levels will serve as clusters to make further decisions about the coin.
If I spot volatility, I set up the DCA bot to work with it. In the trend situations, I stick with DCA settings. I turn to the GRID bot in the flat market.
For example. a short explanation of current situation of the
BCHhttps://www.tradingview.com/x/e5lllitN/
News Analysis:
Evaluate a coin's potential based on news fundamentals through Twitter and Coinmarketcal. If you plan to hold crypto for more than 24 hours, you need to do research.
What news do I find interesting? New exchange listings, chain updates, forks, airdrops, and whether there's any significant news that might trigger a buying spree.
Backtest:It is a feature that I use with Bitgsap, allowing me to test how the coin could have generated profit with the bot's settings. It's not a guaranteed future result, but it helps me estimate potential profitability while considering past trends.
Hunting for hidden gems in the crypto world is a fun but risky adventure. Always conduct thorough research and be prepared for the ups and downs of the crypto market!
In-Depth Research:
One of the last types of research I perform is blockchain analysis, examining the product itself and the community.
Here, I analyze various data points, including the project founders and investment funds which have invested early in the platforms. The strength of the project's community and how often they appear in mainstream crypto media.
If I can fetch data on the number of large wallets holding the coin from the blockchain, I do that too to understand the strength of the coin's holders.
For example you can use DefiLama, moralismoney, etherscan and etc
https://www.tradingview.com/x/gn8MLF4c/
That’s it. How do you analyze crypto in the market? What is your strategy at this period? Write in the commentary below. I will appreciate your subscription. See you, folks!
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