Excellent traders know how to use trading icons to earn excess returns. Today, we will expose these 15 little-known Crypto secondary judgment tools.
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1. BTC ETF flows
Since this bull run is led by institutions, keeping a close eye on short-term flows into BTC ETFs could help to understand whether this demand persists.
http://coinglass.com has an ETF tracker that breaks everything down in detail, you can look up daily holdings changes, net flows, etc.
2. Bitcoin Rainbow Chart
The Rainbow Chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to predict the potential future price direction of Bitcoin.
It overlays a rainbow colored band on top of a logarithmic growth curve channel, attempting to highlight the market sentiment of each rainbow colored phase as price passes through it. Therefore highlighting potential buy and sell opportunities.
3. DCA Cost Averaging
Assuming, any point below the 2-year moving average is a solid accumulation zone for DCA BTC, then the 2-year moving average times 5 is a potential sell zone.
I wouldn’t use these charts as absolute truth, but it does help cut through the noise when looking for accumulation areas.
4. Bullish indicator
While many charts look at price action, Look into BTC has a strong indicator that looks at profits from a miner’s perspective.
The Puell indicator looks at how many miners are making a profit and infers long-term buy and sell areas.
5. Planb Index
Originally created by the well-known analyst PlanB, it has intuitive feedback on BTC secondary market prices and is very accurate in predictions
6. Wallet loss percentage
I use this chart to see when to enter a trade. Personally, I find the best time to enter is when about 50-60% of the wallet is in the red.
Historically, this has given me more insight into historical market bottoms.
7. Crypto Fear/Greed Index
The index ranges from 0 (extreme fear) to 100 (extreme greed) and reflects the cryptocurrency market sentiment. Low values indicate oversold conditions, while high values warn of a potential market correction. Binance Square integrates trading data and unique user behavior insights to provide an accurate overview.
8. Basic indicators
Artemis__xyz has a very nice dashboard that shows you a range of metrics that you can use as a gauge of on-chain demand.
It helps to understand the operation of the ecosystem based on daily activities, transfer volume, etc.
9. Chain details
Artemis also has a chain dashboard that can be used to discover trending chains using active addresses, transaction volume, fees, etc.
I sometimes use it to find overlooked on-chain opportunities that get attention before they get noticed
10. Stablecoin Status
Usually the dominance of stablecoins is inversely proportional to the price action of Bitcoin. When I think about where the major assets are going, I like to use this for aggregate analysis.
11. Token unlocking schedule
Before investing money into a project, it is helpful to understand the token unlocking schedule
Token_Unlocks is a comprehensive tool that shows you release rates, unlock schedules, general distribution, and more
12. Fund Direction
Knowing where the fund is investing is a good benchmark for understanding future developments.
Crypto Rank tracks all new funding rounds and groups them into groups, which is useful for spotting new narrative trends.
13. Market Tops and Bottom
If you’re a long-term trader looking for buy and sell opportunities, PositiveCrypto has a great chart on GlassNode that looks at BTC’s historical price action relative to its 2-year moving average.
Direct link to the chart: http:/decentrader.com
14. MVRV score
You can use another potential accumulation and selling chart to understand the long-term trend.
Green areas indicate potential accumulation zones, while red areas indicate areas to consider risk aversion.
15. About altcoins
If you want to understand how altcoins are performing relative to BTC and ETH, these charts can provide clues as to when altcoins outperform.
By noting down historical support and resistance zones, I understand when altcoins will bounce back
