It seems Litecoin is the strongest performer today as compared to Bitcoin. It was up 6% in the last 24 hrs. As explained in the video, there seems to be strong whipsaws down which prevents the positions from staying on the watchlist.
Watch the video to see what I mean.
Remember the Analytics is at $47/month which is the lowest you will get EVER. I will be raising the price sometime next week to $87/month
It seems that this support was establish at 7787 with Fib level .618 using hourly data over the last 24 hours. Analytic charts are included so this is not just hunches. This is actual charts data from a real crypto exchange!
Note that a live event will take place this Monday at 12 noon EDT (same as NYC) to discuss the latest results of both these new Kraken and Forex bots. I will send out the log in info with notices in the next few emails. You can also view it on my blog or at the Facebook.com/quantlabsnet page under the Events tab.
Thanks Bryan
NOTE I now post myTRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
This looks good for now but we have seen this picture before last week the new Kraken bot. I show in this video how positions and entrys get established. It is very similar to the Kraken bot with more forex trading opportunities. it is a nice balance to have but this is all explained in the video below
All market data is from a Oanda practice account.
This bot was developed in 6 hours with the Python Infrastructure course listed here
All these entry/exit signals you will see will be part of my Analytics service. This monthly pricing will definitely be doubling as this proves its value!
These are the only forex pairs that gives any data for the Python/REST API call of InstrumentsOrderBook. The good is these have liquidity/volume and low spread. My new Python script will give breakdown of total short vs longs at any time called.
Can get order book from
AUD_JPY
USD_CAD
EUR_CHF
GBP_USD
USD_CHF
AUD_USD
GBP_CHF
EUR_AUD
USD_JPY
EUR_USD
NZD_USD
EUR_JPY
GBP_JPY
EUR_GBP
Sort of like this https://marketplace.oanda.com/products/open-position-ratios
IC Markets out of Australia seem to be the largest globally. Also, it might be leverage generosity with an A+ rating. Stick with Oanda as they still are large for the USA market.
It seems that the cryptocurrency is more negative than positive. I have also tested many different threshold to have higher probability of profit. It seems that this volume weighted average price metric needs to be at close around 2. Here the average is -0.21 which shows the amount of downward pressure on the entire asset class.
How is this volume weighted average price calculated?
I use the volume and hourly price of BTC, ETH, LTC, ETC, and BCH to measure it. This is also measured hourly as you can find in the image.
What does this mean?
It seems that the space is more negative with whipsaws that take out open positions. They come out of nowhere which means you get a very high probability of losing positions. It seems that is quite difficult to trade in these conditions. When the overall crypto space (usually driven by the performance of BTC), it seems the trading conditions are never good to fight upstream a surging river. I have tested this since Friday these conditions. Over the last 24 hours, it just seems there are more negative positions than positive even if this average price hits close to 0.94.
As a result, it might be best just to wait it out until automated trading kicks when this average price hits around 1.5 or 2 for higher probability of winning positions. How often this happens is another question. We shall be ready when it does happen.
What you seen in red is the average price of what is described above.
NOTE I now post myTRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
I have assembled some Python code which generated a deep analytical set of report for the all crypto coins you can trade on Kraken exchange in USA dollars. It goes deep with:
head and shoulder, harmonics and candle patterns notifications
moving average cross signals
deep daily charts of 30 to 180 days
Fibonacci levels and trend lines
I have also enclosed a Ranking spreadsheet with even more details. You can use this for your reconnaissance on finding which coins are best to trade.
See these sample files here
My plan is update this report hourly 24/7 with my Analytics service which is very cheap right now. It will double soon!
Holy. Did this thing make in excess of 10% last night. The crypto asset class weighted average exceeded 4.5% for 3 hours. This was on the Kraken crypto currency market. As a result, this bot became very active with some juicy profit. I show this in my positions log with big trades with Bitcoin, Ethereum, and BItcoin Cash. Booya !
Here is an example big trade you could make with Bitcoin in a manner of hours!
New Kraken crypto currency markets Bot video Q&A webinar
will take questions and answer on this new Kraken crypto currency markets trading bot. A video was recorded so question based on that you see here. I will be making this replay and video private within a few days after the event!
Bryan Downing is inviting you to a scheduled Zoom meeting.
Topic: New Kraken Bot video Q&A webinar
Time: May 20, 2019 12:00 PM Eastern Time (US and Canada)
Join Zoom Meeting
https://zoom.us/j/694066636
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Dial by your location
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Meeting ID: 694 066 636
Find your local number: https://zoom.us/u/ac8lNIa1ua
