Market Signals

[slaman29]

I created a program that filters out potential risky investments and identifies market trends using technical indicators. I will be researching different methods to account for risk to hopefully avoid highly volatile cryptocurrencies and provide more reliable market signals. At the moment, Volume, RSI(Relative Strength Index), and EMA(Estimated Moving Average) are being utilized to help identify these trends. If you are interested in trying it out, I have launched the program on http://cryptohappening.com/signals.

Screenshot of application:

RSI for Bitcoin and for most of the major alts have actually been at very low levels since even before mid 2018 as I recall, and kept signallig that we had entered oversold territory. But we all know what happened, eventually prices just kept getting lower and lower, and all the trends that were called out were proven wrong.

How do you avoid highly volatile crypto when the most stable like Bitcoin still can move 10% in a day?

[cryptohappening]

Just checked your website  and it seems a pretty useful tools to track about market movement. How about adding more coins. I did not find a lot of coins which I was looking for. Appreciate your works. Will visit more often once you add some more coins.

Thank you. Are you talking specifically about the signals? If so, it's currently pulling data from over 2000 cryptocurrencies. What you see provided in the table are the results after the program runs. The results are subject to change every 10 seconds dependent upon technical indicators.

[cryptohappening]

I created a program that filters out potential risky investments and identifies market trends using technical indicators. I will be researching different methods to account for risk to hopefully avoid highly volatile cryptocurrencies and provide more reliable market signals. At the moment, Volume, RSI(Relative Strength Index), and EMA(Estimated Moving Average) are being utilized to help identify these trends. If you are interested in trying it out, I have launched the program on http://cryptohappening.com/signals.

Screenshot of application:

RSI for Bitcoin and for most of the major alts have actually been at very low levels since even before mid 2018 as I recall, and kept signallig that we had entered oversold territory. But we all know what happened, eventually prices just kept getting lower and lower, and all the trends that were called out were proven wrong.

How do you avoid highly volatile crypto when the most stable like Bitcoin still can move 10% in a day?

That's an interesting point you brought up. I mentioned, "I will be researching different methods to account for risk to hopefully avoid highly volatile cryptocurrencies." As of right now, I'm sure the signals are vulnerable to high volatility. As you stated, technical indicators for even the most stable coin like Bitcoin were misleading. Accounting for this volatility will be no small feat, and even then, these technical indicators could be wrong as technical analysis is never 100 percent. If you have any ideas, feel free to share.

[omonuyak]

Please can you post the performance of this your signal and let us the prove of success you have gained through it?  We have many trading signals in the past and some of us has paid to joined some telegram group and at the end lose money than expected.

[Pain to go mad]

I couldn't find anything that I cared about, like BTC\ETH\XRP\EOS and so on, and didn't give a prediction, so I thought you could add this, or make it obvious.

[cryptohappening]

I couldn't find anything that I cared about, like BTC\ETH\XRP\EOS and so on, and didn't give a prediction, so I thought you could add this, or make it obvious.

The results you see are subject to change every 10 seconds. Even though BTC\ETH\XRP\EOS was not shown at the time you checked does not mean that they will never appear. The program is constantly filtering through 2000+ cryptocurrencies. I see where you are coming from though. You are only interested in seeing BTC\ETH\XRP\EOS signals. Perhaps in the near future, I could add a filter that allows the user to only be shown signals or lack thereof to cryptocurrencies that they are interested in.

[CryptoAssasin]

Unfortunately, most of the trading signals are only created to benefit the paid users and those who joined for free were just being used to either pump or savior lf the paid users when they are dumping the coins. There are paid signals that also benefited me for free but I also do some research first before riding the boat. I am pretty sure that there are some traders here who will benefit with this signal. Thanks for sharing by the way.

[Pffrt]

Thank you. Are you talking specifically about the signals? If so, it's currently pulling data from over 2000 cryptocurrencies. What you see provided in the table are the results after the program runs. The results are subject to change every 10 seconds dependent upon technical indicators.

Is there any way to check a specific coin and compare that coin with other coins for getting an idea about some 4-5 cryptocurrencies? By the way, I am still confused about the sites exhibition. How does the output comes?

[D3m1r4wanti]

This is very good for beginners to get a lesson from your analysis of trading, and some people can get good benefits if the beginners follow your signal.

[South Park]

Thank you. It's going to be on-going research. I'm currently monitoring what the program finds by having it save all previous signals for the day to a text file. Each file is saved with the date from which the signals were detected. It will definitely be interesting to analyze the results at the end of the week,month,etc. I'll keep this thread updated.

It will be a good idea to test your signals against the historical data and see how it performs, if your system predicts all of the big movements in the market then you could have something valuable in your hands, just remember that the entry signal is just a part of a successful strategy, you need to also have exit points, stop losses and money management to be capable of telling if your system is any good or not.

[izanagi narukami]

Well, it's great feature for every trader so you should add this feature because when people feel enjoy using your signal, they will keep using your signal until some time.
Personally, I have my own local exchang and they provide complete signal with local language so I'm enjoy using their signal over 4 years !

[pat25]

Do not trade by market signals. It was said here many times, market and pump signals are not recommended because in most cases it is a pure scam.

[cryptohappening]

Thank you. Are you talking specifically about the signals? If so, it's currently pulling data from over 2000 cryptocurrencies. What you see provided in the table are the results after the program runs. The results are subject to change every 10 seconds dependent upon technical indicators.

Is there any way to check a specific coin and compare that coin with other coins for getting an idea about some 4-5 cryptocurrencies? By the way, I am still confused about the sites exhibition. How does the output comes?

Not at the moment. That is a good idea for a feature though.

[cryptohappening]

Do not trade by market signals. It was said here many times, market and pump signals are not recommended because in most cases it is a pure scam.

I agree. Do not trade by market signals. Only look at market signals as educational, and as a supplement to perhaps better understand the market.

[slaman29]

RSI for Bitcoin and for most of the major alts have actually been at very low levels since even before mid 2018 as I recall, and kept signallig that we had entered oversold territory. But we all know what happened, eventually prices just kept getting lower and lower, and all the trends that were called out were proven wrong.

How do you avoid highly volatile crypto when the most stable like Bitcoin still can move 10% in a day?

That's an interesting point you brought up. I mentioned, "I will be researching different methods to account for risk to hopefully avoid highly volatile cryptocurrencies." As of right now, I'm sure the signals are vulnerable to high volatility. As you stated, technical indicators for even the most stable coin like Bitcoin were misleading. Accounting for this volatility will be no small feat, and even then, these technical indicators could be wrong as technical analysis is never 100 percent. If you have any ideas, feel free to share.

Thanks for the response! That's really the problem with crypto, isn't it? Remember the 6 to 8 weeks of stability we thought was happening when Bitcoin was "forever" in the 6k USD range? I think the majority of people saw this as consolidation, and were proud that 6k held as a floor. Yet here we are, BTC lost over 50% and even 4k is a solid barrier.

I don't have any ideas to be perfectly honest, I do look at TA a lot but for the sake of curiosity. Don't you get frustrated by all the "wrong" signals? Maybe it's time to ditch TA old ideas and look for new ones?

[semobo]

There are lot of free market signals available for cryptocurrencies but don't think any of it will work for now when the market is more stable than ever for too long time we need some work at least to bring the prices more higher too see this signals working.

[tokeweed]

Interesting. I'm not a professional trader either. I created this as a learning experience about technical indicators and am open to ideas.

So...  What?  The signals are actually bs to get us go to your site for it to get some traffic?  If you want streaming traffic then make good content.  There's no other way around it.

[Leah38]

Thanks so much. Its good to see someone sharing useful ideas that will help crypto traders like me. It may be not 100% exact but it will still give useful information on trading. Will check it. Thanks!

[crzy]

I appreciate the effort but I think market signal is not good anymore, because it creates the hype and panic at the same time. It you’re an investor/trader don’t depend on any market signal because for me it is being done for their own benefits, I’m a victim of this before so I will never listen to any signal again.

[roycilik]

So...  What?  The signals are actually bs to get us go to your site for it to get some traffic?  If you want streaming traffic then make good content.  There's no other way around it.

maybe that's one of the reason

I can't find any TA ideas on his site and there is no analysis detail of the indicators used (i.e: RSI has shown overbought so it is a good time to entry)



For the OP
Of course, your site is currently in beta stage and need a lot of transformation
maybe you need more additional analysis detail like as tradingview
i.e: