See my related analysis below based on these top Binance crypto pair movers based on momentum and slope.
Momentum top moves
When you look (on TradingView.com) at the top movers based on lop Slope movers, you will find they usually peaked in the first 3 weeks of April. Most have dropped after that so this is the crazy down whipsawa I am seeing. There are less opportunities which means you rely on the crypto asset class weighted average of the Big 5. it basically comes down to timing on when to start trending based on the overall momentum of the entire market. This is using the wieghted aaverage s the overall gauge to measure when to trade. If the weighted average is below a certain amount. it is not worth taking the risk to trade due to higher probability of whipsaws.How often this is another question but it is quite clear there was a nice run up on the above pairs generally between Dec and mid April.
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!
Crypto currency market analysis with Bitcoin for today Feb 4 Latest useful files using Word Excel CSV charting files. This is sent out every 6 hours 7 days a week as the crypto markets are trading. This is using Binance data.
Get access to this service while it is the OLD price!
As explained in this video, there are many reasons why I am using minute timeframe. It is a very tough environment to trade within crypto but there are many opportunities. As the market is either too volatile or flat, it makes you wonder if it is worth trading in. You could use the classic risk on/off mode to enter trading when the markets allow it. You could also experiment with better technical analysis indicators like harmonics or candles to improve. I am not sure if either will work.
Fibonacci levels may be useful for entry and exit moves. Who know but let me know what you think could work?
I show to use these charts and techniques I demonstrate in this video
Despite a down market or even down crypto currency down market, I am proving to myself there is lots of opportunity to watch certain coins. They perform well on Binance but you would need to track whipsaws to protect your downside risk.
This video explains my view on how this strategy may change as I have this new real time minute by minute chart capability to closely study certain crypto currency pairs of interest,
I will showing this new chart type in this new course but note the price