Bitcoin Forum

Hi! I am very new to this whole cryptocurrency topic and I already know that Poloniex is maybe not the most beloved exchange but well... it was simply the first I stumbled upon and started to use it with a very small amount of btc.

However, I noticed they have an API and I developed a nice little tool that might be interesting for some. It just reads all trades for a given currency pair and displays ratios for the last 1, 5, 15, 30 and 60 minutes. It helped me and others already to get the right timing for buying low or selling high but I would really appreciate some more feedback. Do you think it can be useful? How to improve it? What do you think?

Here is the tool: https://polotrend.markus-kottlaender.de

And here is a related reddit post: https://www.reddit.com/r/PoloniexForum/comments/6d5gow/see_when_people_start_to_buy_or_sell_on_poloniex/

And here a comment which made me very happy: "Awesome Tool, survived the BTC Crash thanks to you!"
So actually it seems to be helpful in some situations. :D

Wow, this indeed looks very interesting, and might be interesting to analyse, to see if there is a coincidence with after and before a crash. Looks very promising.


Maybe you could also add the amounts being bought vs the amounts in BTC being sold every 1 minute, 5 minutes and so on? That would also be a very useful indicator.

These numbers are in the currency of the altcoin right? For every 1 altcoin bought, 164 gets sold, or is it in bitcoin? Curious to know that aswell.

I don't have the time to go into detail right now... but in the top right corner you see a little info button. I tried to explain how it works. I will go into your suggestion maybe tomorrow. Having family weekend right now! :) But thank for your feedback so far.

LOL) Belowed or not, but it's #1 ))))

Interesting tool thanks, will try it out!

I am a newbie in the crypto world, please explain how it works. And I want to try it.
Very happy if it helps to let me know when to sell or buy.

Interesting tool, I'll try it
I wish there was a good result

Wow it works like a charm! It already helped me with 2 trades today (smaller ones with 5-10% gains) but still awesome! Thank you very much  ;D

This is excellent but are you including all bids/offers?   The far out of the money orders (more than +/- 10% from current price) should be irrelevant for the purpose of gauging short term sentiment.   Try excluding them if possible.

Edit: I see it's reading actual trades not bid/ask orders.   Could you make another view with near the money bid/ask ratio also?

That would definitely be an improvement... Coding a little bit again today. I'll take this into consideration. ;)

I don't really get what you mean. Could you give an example? To me it seems not to be relevant what btc value is traded but only the altcoin amounts.

That's correct, very simple.