I found a trading strategy based on the CME premium and it looks like it's very accurate.

Explained here: https://www.youtube.com/watch?v=T8uUm6p5wlc

Are there any loopholes in here? What do you guys think?

I think one really big advantage of trading Crypto is not only the volatility but also the available data.

When analyzing Bitcoin, for example, you have soo much more data to watch than with forex.

Think about:
On-chain data (long-term)
Derivative exchange data (short-term)

This is a completely new dimension of data sets that you can use for price predictions that are not available for forex.

You can find a lot of data on the following websites:
https://lookintobitcoin.com (On-chain, macro charts)
https://whaleportal.com/ (Derivative exchange data, short-term charts)

There are many more out there like CryptoQuant, Coinglass etc.

If you take the time to understand these metrics, your profitability rate will significantly increase, in my experience.

Hi fellow Bitcoin traders,

There is a new Cryptocurrency Trading Dashboard where you can view derivative exchange data from Bitcoin and Ethereum in a one-page view. It's called Whaleportal (https://whaleportal.com/).

This can help you better grip the markets for shorter-term timeframes.
The chances for traders to create successful trading strategies significantly increase if you use derivative exchange data in your analysis.

Voor alle traders die geïnteresseerd zijn in Bitcoin en Ethereum is er nu een trading dashboard (Whaleportal)
Hier kun je alle belangrijke data vinden op 1 pagina zoals de funding rates, open interest, de bitcoins op exchanges maar ook word er uitgelegd hoe je die data kunt gebruiken.

Ik denk dat deze website voor veel traders een echte toevoeging kan zijn op de normale technische analyse.
Derivaten exchange data geeft een hele nieuwe dimensie aan het bevestigen van trade setups en ideetjes.

Je kan Whaleportal hier vinden : https://whaleportal.com

We're still in accumulation. Q2 2023 will be better I guess.

Lots of FUD but better safe than sorry.

How much effort is it really to just cold storage your crypto?
Leaving it on an exchange with warning signs doesn't make any sense now, unnecessary risk.

It's the difference between the contract price (futures price) and the spot price (volume weighted)
So basically the difference between leverage contracts and spot markets.

I think it's really different than other indicators and of course, should not rely on it solely but combine it with others I think it is very powerful.

Might be worth reading into it.

Hi guys,

I've found a metric that almost no one is using and it's called the Premium Index.
This metric calculates the difference between the Bitcoin contract price and a volume-weighted spot price.
Normally when the spot price is higher than the contract price it's bullish, and when lower bearish.

But there is another way to use this metric, and that is when there is a certain extreme in the charts.
It always appears whenever the price of Bitcoin creates a reversal.

It's explained here with a picture with price example: https://whaleportal.com/learn/premium-index/

Does anyone of you use this indicator already for your Bitcoin trading?

Hi fellow Bitcoin traders,

There is a new Cryptocurrency Trading Dashboard where you can view derivative exchange data from Bitcoin and Ethereum in a one-page view.
It's called Whaleportal, and you can view it here : https://whaleportal.com/

You can find the following data :
- Bitcoin balance on exchanges
- Price
- Funding rates (Current & historic)
- Open interest
- Taker buy/sell ratio
- Premium index

Also, there are "how-to's" on how to "read" these charts.

This can help you get a better grip on the markets, especially for shorter-term timeframes.
The chances for traders to create successful trading strategies significantly increase if you use derivative exchange data in your analysis IMO

Hi, fellow trader(s)!

If you're looking for a good Cryptocurrency Trading Dashboard have a look at https://whaleportal.com/
It's a Crypto trading dashboard showing the most important data from derivative exchanges for short-term trading.
They also have a "learn" section where you can learn how to use this data for price prediction of various cryptocurrencies.

Focus on BTC, especially with the BTC dominance being so low.
This shows the focus will be mostly on Bitcoin.

If you trade, do either spot or leverage, and when using leverage use a maximum of 4x and don't leave positions open for longer than 1 week.

My 5 cents.

WhaleAlerts is a telegram channel with automated signals from their charts (Whaleportal.com) (Bitcoin/Crypto derivative data)

Mindset is one of the biggest make-or-break assets the trader has.
If you have a poor mindset, you are set up to lose, but that doesn't mean that you have to be perfect from the start.
You can have a good mindset and still lose money, however, over time you will grow and will be able to climb to a point where you are profitable.

First, you have to believe you can do it, then set your goals, accept every obstacle as a challenge, and view everything as a part of learning and you will get there.

Some tips for tools a trader can use (next to TradingView) :
Coinglass (Crypto Derivative Data aggregator)
Whaleportal (Crypto Trading Dashboard with Derivative Data)

Best of luck everyone!