WTB Crypto Analysis

[sodalit2]

Hello everyone I was wondering if there is a tool or website that scans and analyzes the charts and gives a rough estimate of where it will go ? It can be paid. Of course there wont be something guaranteed as everyone would become billionares but what I am looking for is to get a direction then add the variables on my part (community news human physcology etc...) and go with it if I believe it will rise or fall.

I am looking for this on crypto currencies !

 

[TheGreyMatter]

Most of the tools/services out there, so-called signals channels are out there in the market.

I wouldn't recommend any of them as for the same reason, if someone could predict which direction the market would go, they wouldn't be selling the signals online.
Majority of it is a pump and dump where the people giving the tip have already entered before the entry point and will exit before the exit point they've told you.

 

[HydraProxy]

analyzes the charts and gives a rough estimate of where it will go

IMO, crypto is quite hectic in its price swings (no matter what crypto currency you choose to look at)..

I suggest you actually learn chart technical analysis and ignore any indicators as they are lagging (meaning they show signals after actual price movements).

Another good thing to do is to read about fundamental analysis to understand what is the general market consensus/sentiment on any crypto.

 

[sodalit2]

IMO, crypto is quite hectic in its price swings (no matter what crypto currency you choose to look at)..

I suggest you actually learn chart technical analysis and ignore any indicators as they are lagging (meaning they show signals after actual price movements).

Another good thing to do is to read about fundamental analysis to understand what is the general market consensus/sentiment on any crypto.

Thanks for the answers ! It would be much appreciated if you could guide me to a link or to a video to start on these topics that you have mentioned !

 

[sodalit2]

Most of the tools/services out there, so-called signals channels are out there in the market.

I wouldn't recommend any of them as for the same reason, if someone could predict which direction the market would go, they wouldn't be selling the signals online.
Majority of it is a pump and dump where the people giving the tip have already entered before the entry point and will exit before the exit point they've told you.

Yeah I thought so just wanted to shoot my shot ! Every bullet I dont shoot is missed. Thanks for your time.

 

[HydraProxy]

Thanks for the answers ! It would be much appreciated if you could guide me to a link or to a video to start on these topics that you have mentioned !

Not sure I can recommend one as the topic is quite large. But there are plenty of videos online. Also investopedia is a great place to start and learn about various things.

One thing to note: stay away for crypto exchanges research because 99% of it is biased on the buy side (fit is their interest to attract more buyers in the market). There might be some good research pieces, but most of it is biased.

 

[RankWriter]

Finance, Gemini and BlockFi are some of the popular websites that give you detailed information regarding cryptocurrencies. You will get all the necessary guidance there.

 

[Marco Ng]

Most of the tools/services out there, so-called signals channels are out there in the market.

I wouldn't recommend any of them as for the same reason, if someone could predict which direction the market would go, they wouldn't be selling the signals online.
Majority of it is a pump and dump where the people giving the tip have already entered before the entry point and will exit before the exit point they've told you.

TheGreyMatter is right. Am a partner/quant at a boutique crypto fund, and while we do have a set of working tool that gives us reliable income, we would never sell or lease it in a million years. Proper quant is a tough, unforgiving job and a reliable bot/setup/desk is a product of multiple IPs and hours of work, and our customers respect that.

Learning more about the market, using demo trades, being very very VERY strict with your entires/exits/stoplosses will be much better uses of your time. Avoid using publicly available analysis as your signals, though I do recommend reading anyway to guess what the masses might think. Start small and go slow.

Remember, as long as you still have your money, you're still in the game. Don't use futures/options trading unless you're more experienced, and imo for crypto just avoid any leveraged trading anyway - the volatility is plenty for you to make money from.

Godspeed.

 

[Deleted member 1333509]

Just buy crypto now and then every week from now until the end of 2021 keep buying as much as you can, then sell once things have been parabolic for a while and bank. Way easier than trying to trade high volatility between now and then.

 

[KhandaPanda]

Most of the crypto signal channels are not really reliable so I wouldn't recommend anyone to follow them blindly.
You should always do your own research and analysis before making any investment. That being said, there are some people out there in which really do their homework and carry out advanced analysis of the current market.
Personally I enjoy VirtualBacon's reports, he has weekly releases, looking at both major players and futures.