My friends asked me how I usually find opportunities for secondary altcoins. In fact, there is also "sitting and sweeping the chain" in the secondary market. I guess the simplest way, which is also the most used by everyone, is to get up every day and check the exchange's gain and loss list, and then click in one by one to look at the data and charts to find opportunities. However, I use Coinglass more when I sit idle. One screen refreshes Coinglass data in real time, and the other plays games and chats. I will briefly share my setup on Coinglass:
The above is my daily settings on Coinglass.
Basically, I look at OI (position changes), fees, price changes, and oi/market value ratios. Then, when I start working every day, I first scan the 24-hour OI changes vs price changes of at least the previous 20 from high to low. If there are abnormal values here, it must mean that there are dealers or hot money making trouble, and these are all your trading opportunities.
Then when I sit idle and watch the market, I put it on the 5-minute or 15-minute OI changes, and I will be notified immediately if there are changes. Here, we scan some dealers to take advantage of the rising prices when they come in to make trouble (usually, the market of a single coin starts quickly within a few hours, and the dealers pull up and open long positions at the same time).
Usually, the larger the ratio of OI/market value, the more focused the attention on the market, and this package is operated by dealers.
In addition to coinglass, tg turns on the reminders of Formula News and coinlisting, and important news and new coin launches that affect the market can be received in the first time.
The above scanning can ensure that you will see the opportunities in the first time, but how to operate them after scanning is a matter of opinion.
Resources:
coinglass: https://t.co/yi2QcG1OQN
Formula News: https://t.co/7aYRw68hIv
Coinlisting:
