!whatisthis

Quick FAQ:
Welcome to perhaps the most valuable crypto-trading channel on Youtube!
If you stay around and pay attention, you might be suprised at the volume of knowledge willingly shared by the minds inhabiting this channel.
The bot is as you can see in the description currently under development. It is not yet open source nor for sale, but you are very welcome to hang around and take part of it's calls.

Q: What is the purpose of this channel?
A: The purpose of this channel is to share ideas, technical and fundamental analysis. We are not telling anyone what to buy. If you don't know what to buy you probably should not be TRADING, perhaps buy and hold is a better strategy for you.

Q: Can you teach me how to trade?
A: No we can not teach you how to do your trades, that is your own responsability.
A lot of us came, perhaps like you, from nothing. Watch a few videos on trading and remember your best trades are based in knowledge and not uncertainty or fear.
There are literally thousands of hours of material available on youtube and probably even more available in the form of physical books.
A recurring suggestion is the book "Daytrading for dummies", you can find it at amazon in both digital and physical form.
A good website with enourmous amounts of tools for charting is www.tradingview.com. They even let you use a majority of them for free.

Q: The bot, what does it do?
A: The bot monitors every trading pair on bittrex and helps identify possible trade entries and gives you a general idea of how in what direction a pair is moving.

Q: Should I buy X?
A: No, if you are not sure what you are doing we suggest you to your own due diligence first.
We are NOT giving financial advice in any way here, the bot is simply doing the dirty work for us.
The bot is simply analyzing hundereds of pairs to identify possible entires that so that you don't have to. Saves alot of time, and time is money.

Q: Okay thanks! So I've read up on day-trading and feel confident about what would statisticly give me some returns. How does the bot help?
A: Awesome! Welcome to the team. These are the recurring calls you will see the bot make and a small explanation:
Please note there is a slight delay from when the data was gathered and to the point you see it on the stream but probably not enough to alter the outcome of a possible trade.

"BTC-XXX Buy Pressure: 192% Dominance"
This means that from the data the bot collected the data, there have been 192% more buys than sales on said pair. Usually an indicator the price is moving UP.

"BTC-YYY Buy Wall: 192% Dominance"
This means that if you were to look in the orderbook of said pair, there are 192% more STANDING ORDERS on the buy-side compared to the sell-side. Usually an indicator the price is moving UP.

"BTC-ZZZ Low STOCH RSI 5 Minute Chart" (or 15/30/1h/daily)
This means that the indicator Stochasis Relative Strength Index is currently bottomed out at said interval. Usually an indicator that the coins is temporary oversold and that the price might take a quick swing UP if you want to ride the wave.

"***BTC-XYZ STOCH RSI LINEUP***"
This is usually the best entry we the bot finds, it means that stoch rsi is lined up on all timeframes

"BTC-ABC Squeezing now on the 5 minute chart" (or 15/30/1h/daily)
Squeezing means that the momentum is slowing down. That the difference between the local highs and lows are SQUEEZING/coming together. Usually an indicator that the price is about to accelerate upwards or downwards.

It's very unlikley that all of these conditions will line up in our favour, some other things to look for might include:
Check the sellside of the orderbook, if there are HUGE RED WALLS, the price might not climb much even tho it has a epic stoch rsi lineup.


Q: I'm totally new to crypto and trading. Where can I find useful information?
A: Stay around in this channel and you will almost garantueed learn alot. We've listed a few sites below that might help you make better decicions:
www.tradingview.com - Great site for working on charts, they have almost every well known indicator ever developed, as well as custom ones and it even lets you save the charts.
www.coinmarketcap.com - Lists mosts coins and tokens available for trading. Good things to look for is volume and market cap.
www.coinmarketcal.com - Lists coming events for various coins/tokens.
www.twitter.com - might give you a general idea of what's on peoples minds.
www.reddit.com/r/cryptoMarkets - Open forum for traders, be advised here you will find peoples opinions that might not necessarily be based on facts or actual data.

These calls are simply for flipping a few percentage here and there, it is NOT for long-term holding.
Please note again that this is not financial advice, always do your own research.
There is tons of material only here on youtube. If you want to learn, well only you can make yourself learn.
When there is a call for a pair, say BTC-XYZ, it's just that, a call that certain conditions or indicators are in line with what the bot is looking for. Even when the price is on decline in the long term, there has to be movement upwards. Everything goes in cycles, that is why ALL time-frames are important to consider before making a trade.
When BTC is on a run, it is usually not a good time to trade alts, especially not those lower volume ones.
The bot does not filter out possible pump and dumps, "fake" buy-walls, possible bagholders (people that bought high and is looking to sell once it reaches X) or any good/bad news there might be. It simply does some technical analysis with the data provided from bittrex API.
Along with the calls from the bot, we suggest researching the coin itself, possible news/coming events as fundamentals also will affect the pricemovement.
We are spending time and energy to provide this information for you when we have no obligation (other than perhaps a moral one) to do so. If this have been valuable to you, please consider a small donation to the developer in the tip-jar seen in the description.