Nothing to sell here. I've been trading for a few years in crypto and I have built a web app that tracks the top coins in the market. My friends and I created an indicator that tracks the trends of all coins and found some really interesting data points one of which I will share with you here. When BTC enters an Uptrend according to our coin screener, alts will sell off aggressively. At first, I thought it was just an anomaly, like sometimes an MA crossover can predict strong moves, while other times the market goes in reverse. But this data point has happened at least 6 times in the past year. Each time alts dumped hard. So how to keep track of this? Just access coinrotator.app or use the alerts in the discord or the telegram. Links are in the menu on the site. Additional confluence is when the market health indicator is in a downtrend. None of this makes sense? We wrote a guide last year trying to explain it as simply as possible. granted, I am a verbose nerd so even with my attempt it still failed. But for the unintiated: we track all coins in the top 1500 ranked by marketcap. When any coin is trading stronger than BTC ETH and USDT it is considered in an uptrend, and when its weaker, it is consdered in a downtrend. Trading weaker and stronger in different markets? It's in a "HODL" trend. That's it, that's what the screener does. Happy to answer any questions how I came up with this and what we plan to do with this data in the near future. We have a discord and a telegram but you don't have to join, in fact, don't just join, come and share your thoughts about what we built and why you think its a waste of time, I welcome any and all feedback, but don't come just to lurk. It's creepy! [link] [comments] |
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