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Bitcoin binary options strategy also known
Struggling to find which coins are the most relevant right now? Not sure how to properly perform solid fundamental and technical analysis?
Hop onboard and enjoy the ride. Being a developer by trade, I love automating repetitive tasks so that I can save time and effort. My goal was to look into social media trends and also provide me with links to all the resources I need related to that coin to help increase my speed in doing Fundamental and Technical Analysis.
Moon Bot is now in public beta and I would like to invite you to learn and make money trading crypto currencies using this effective tool. Before starting, you need Bitcoin BTC to trade with. In order to trade with this Bots assistance, it is recommended that you sign up for an account at Bittrex.
Bittrex is a popular Cryptocurrency exchange platform. To do effective Technical Analysis, it is recommended that you grab an account at Tradingview. Tradingview helps you to do technical analysis with a wide range of tools, and has a great community where you can grow, learn, and become a better trader.
It is free to use, but I highly recommend the Pro version if you wish to become a serious trader. It rates the tweets and the users that tweeted them to ensure that the scores return the most favorable coins according to their Twitter hype. More integrations are coming soon, including Reddit, Steem, and Google Trends. It then provides a rating number of birds for Twitter for that hour, and stores the scores in a database.
Using this historical data, it rates the hottest coins of the last 24 hours, as well as the hottest coins for the last 7 days based on their averages. I am mining this historical data to find trends and build correlations in a beautiful UI that you will be able to view in an upcoming roadmap release. The introduction section will contain the link to this guide, any other training resources, information about the roadmap and other things you need to know.
Any main updates are located here. There are three 4 links provided with each score entry under the hourly, daily and weekly categories. Dig through the tweet walls and keep an eye out for technical analysis, news articles, speculation, and more.
This is highly fundamental in affecting the trading price, and can even cut your work out for you! This link goes to Coinmarketcap.
Coinmarketcap is a great resource for further researching a coins fundamentals. Fundamental analysis is important before buying in. Indicators to look for in the coin are You want to buy coins in the areas marked in green, and sell where red. Ignore coins that have low volume and not much activity in the long term.
Simply put, try to buy coins when they are in the valleys and not at the peaks. I've circled in green the valley, and circled in red the peak below:. Check the website and make sure it looks legit as fuck. If they have money to spend on good design, development, etc, they're likely to have a future.
Find out what niche they are operating in, how well their product seems to be built, etc. Here's a quick primer on distinguishing good websites from bad. Look on the site for a roadmap, find out what is upcoming and use this to gauge your trading. You want to buy between the news releases in accumulation phases where prices are low. If they do not have a roadmap, it's kind of sketchy because it's a vague project. On Coinmarketcap you can easily look at the social tab and see what kind of social presence they have.
On their site, you might even be able to find links to their Slack, Discord or Telegram where you can often get insider information. Check out the markets tab and check the volume. If the volume of the coin is not very high, it means that it is difficult to get buy and sell orders through on your preferred exchange Bittrex.
When sorting by price, you can find good opportunities to purchase a coin on one exchange and sell it on another exchange for profit. Technical Analysis TA should only be considered if a coin passes a decent fundamentals check, which are described above.
Otherwise you might just be getting in on a pump and dump shit coin. These things can be profitable, but come with high risk when you're stuck while a pile of shit in your bags. I tend to use TA indicators such as those shown below on the 1D or 1H candle width to check the coins movement potential, to see where it's going in the near future. I then look for the same indicators on the 5 minute and 1 minute to determine a buy in zone.
Using multiple indicators will help you zero in on a killer trade. Have an edge, or get burnt. I am attempting to put together excellent TA resources for everyone to learn and read about. Here's a list of what exists and also what is upcoming. Also share it in any groups you're a part of for street cred and getting more people on board of a buy so that we can all go to the moon.
Once you're satisfied with the Fundamental and Technical Analysis phase, it's time to trade. Using the Bittrex platform, you can use the solid entry point that you found after learning how to use the Stochastic Relative Strength Index, and place your trade.
Don't forget to exit with profit using the same trading resources above. More information on how to trade properly will come in future versions of this guide. For now if you have any questions, please contact me via the link in the Moon Bot channel.
When the Moon Bot posts, scan the report quickly. If you see any new coins on the hourly post, give a quick look over on the Twitter feed to see if anyone is doing some technical analysis already, or if some news articles are being hyped. If so, follow the method above. Do solid TA with actual charting on the 1 Day view so that you can continue to track the coins you are interested in.
An example of solid technical drawing looks like below:. If you're seeing recurring themes on top daily and top weekly coins, you should keep these on your watch list and do deeper research on their roadmaps and look for swing trading opportunities over the course of days and weeks. Now that you've mastered the art of trading, it is now time to get started. Share it with your friends too! If you're able to make money using this bot, please do me a favor and consider giving back to the development.
You have completed some achievement on Steemit and have been rewarded with new badge s:. You published your First Post. Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. A well written article and interesting information about Moonbot.
When I began trading crypto currencies, two problems became immediately apparent. I had no clue which coins were relevant for trading in an ecosystem of hundreds of coins. I had no clue how to analyse these coins if I even did find them, in order to make effective trades. To help me with these two problems, I began to develop Moon Bot. Sign up for a Coinbase Account and purchase some trading currency. Only do so if you have true disposable income.
Trading is a risky game, but that is why I have created Moon Bot, to help mitigate that risk. Sign up for a Bittrex Account To do effective Technical Analysis, it is recommended that you grab an account at Tradingview. Sign up for TradingView Finally, to get bot annoucenemts, you'll need a Telegram account. Get Started with Telegram. How to use it Introduction The introduction section will contain the link to this guide, any other training resources, information about the roadmap and other things you need to know.
Data Report There are three 4 links provided with each score entry under the hourly, daily and weekly categories. Research This link goes to Coinmarketcap. All Time Coin Movement You want to buy coins in the areas marked in green, and sell where red.
I've circled in green the valley, and circled in red the peak below: This is for advanced traders, and should not be considered if you are just getting started When sorting by price, you can find good opportunities to purchase a coin on one exchange and sell it on another exchange for profit. Analyse Technical Analysis TA should only be considered if a coin passes a decent fundamentals check, which are described above. Technical Analysis Offical Resources I am attempting to put together excellent TA resources for everyone to learn and read about.
Example Usage A pro-user workflow looks as follows: If it looks good, add it to your TradingView watch list. If not, move to the next one. An example of solid technical drawing looks like below: It is very important to draw, share and get critique on your TA, and to chart often.
You will begin exponentially learning once you start. If you would like critiques on your TA, please message me and I will help you. How to be a winner Do your own research Do solid technical analysis and share it with others Get more people to use the bot.