10 Tools To Get An Edge In Crypto Trading
Today I’m going to keep my newsletter a little shorter than usual and go straight to the point. Let me present 10 tools to help you get an edge in crypto trading.
What tools are handy to execute trades faster?
I use Twitter lists. Here is the main one that I use for news and narrative trading: https://twitter.com/i/lists/1590828215161036815
I use CaddiBot to get a real-time news feed for my Twitter list of news traders. For example here is what it looks like on Telegram:
Here astro_magic retweeted a big announcement from Bluezelle ($BLZ) which increased 15% within 8 minutes. Obviously, it retraced directly afterward, but with fast execution, you should’ve been able to the least catch a few % from it.
If you wanted the news on $BLZ immediately (and who doesn’t want that?!) you should use MadWardCapital bot. MadWardCapital bot is a bot created by Tree of Alpha where he tracks the blog of every coin on Binance, 550 Twitter accounts, and every major news outlet, and news terminal. You can add the bot to any server on Discord.
I use Tweetdeck for viewing several lists at the same time. You can even put on notifications with sound alerts. Here is what Tweetdeck looks like on my PC:
To view the market leaders in the crypto future market I use a script in Tradingview. It tracks all the perps listed on Binance in real time. This is maybe the chart I look at the most during the day. In general, strong tokens will continue to be strong and therefore could be worth buying, while laggards are for shorting or avoiding completely. Link to chart: https://www.tradingview.com/chart/yAR5wCLQ/
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I use Scalp Scanner to get an overview of the market (open interest, volatility) and especially to look for funding plays:
A Telegram channel that monitors Binance futures movements for scalping purpose, and track a + / - 5% amplitude on 5min candles: https://t.me/BinanceGhoztScalps
A Telegram channel that sends an alert if there’s any Binance Futures pair price that changes more than 2% in a 1-minute candle:
A Telegram channel that sends live liquidation signals from Binance Futures with a minimum size of $50k:
A Telegram channel that sends live liquidation signals from Bybit with a minimum size of $50k: https://t.me/BybitLiquidations
Other than these 10 tools I use Tradingview, Discord (several channels), both Binance & Bybit for trading, and CoinMarketMan for tracking trades.
I also have a personal Telegram group that is free to join.
In the TG group, I share tweets, threads, articles, blog posts, etc. that I find interesting within crypto.
Zero spam, only alpha: https://t.me/cryptogoodreads
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