Interview with the developer of index that predicts crypto trend

7개월 전

Programmer Jan Magrot decided to create his own index a few years ago, according to which the development of the cryptocurrency market can be predicted. It is now launching a web application that should, among other things, notify you of a trend change. It reminds me a bit of the Crypto Fear & Greed Index or the CryptoMood application. However, these deal more with market sentiment, social media analysis and news.

Hi Jan, why is your index called Control Alt Shifts? Wasn't the Altcoin Market Index more accurate name?

Hello. The Altcoin Market Index was more apt, but as soon as I became aware that the indexes would evolve more, I had to change the name and use the name without the word index. Well, of course the promo man told me to use a short name. But I didn't want to be another of dozens of cryptoboom, cryptomoon, mycrypto, cryptooo, etc. So, we argued until I got through and I said we were going to call our name. Whether it was a good or bad decision, I don't know. It was actually a little organic. I originally developed the index for myself, but then it became clear to me that it might work for others. And gradually the whole application came into being.

What is the index calculated from? Is it clear that you will keep your know how for yourself, but can you at least indicate? What exchanges do you download information from and whether the market sentiment is also included in CAS, similar to the Crypto Fear & Greed Index or CryptoMood?

I use data from all major exchanges to calculate indexes. I tried to involve almost all the exchanges that can, but this leads to a strong bias in the results. I only process stock market data, not sentiment information. These seem to me not very reliable and the offset is wrong. With us, when ATI exceeds 3.0, you can be sure that the alts will go up. What we cannot say is how long they will go up, and we will never succeed. In general, however, it shows the rate of exceedance itself. This is the crowd alt madness that we remember from autumn two years ago, so it follows when ATI exceeds 3.2 to 3.5.

How much ahead does your index predict trend trends? Is it in hours or days? Previously, ATI reported a trend change two days ahead unless I'm wrong.

It depends on the state of the market. I experienced up to a week, which is a bit hard during the seven days to remain patient. It was just at the end of the bull alt trend in December 2017. A week before the end of the trend for a few hours ATI values appeared on the border of approx. -1.7 (on today's scale) and bitcoin fell slightly. Then ATI returned to higher levels. At that time, I expected the end of the trend within three days. But it was a pretty long run, almost two months, if I'm not mistaken, and very strong.

The market of inertia continued an uptrend for a week, but at a slower pace and by no means so vigorous. I remember it exactly. Bitcoin added another $ 1,000 to the final amount of nearly $ 20,000 each, and the alts jumped up a little, but that was insignificant. Then it came, ATI dropped below -2.0 and bitcoin made the first proper red candle after two months. Super ride it was. So, it depends on the strength of the changing trend.

Any similar index can be interesting, but its success is decisive to its application in practice. As ATI, respectively now CAS predicted a trend reversal ahead of ATH in December 2017 and March 2019, when the bitcoin was in the range of $ 3,000 - $ 4,000 and suddenly began to rise to over $ 10,000? That is why someone would like to buy it. To sell properly at the next all-time-high and later to buy more coins. There is no worse feeling for a trader than when he gets rid of his position and sees the trend going on and on.

We predicted the beginning of the ALT uptrend in autumn 2017 precisely. ATI flew above 3.5 and I knew it would be strong. I have already described the end. As for the BTC in 2019, although there could be partly derived from the relationships of its movements from ATI, but ATI is primarily designed to detect trends in the alto market. Now we have developed the FTI (fiat trend index), which, in conjunction with the BTC index, already gives a very interesting and stable results in the BTC predictions. I want to continue to develop things, but we can already generate realtime recommendations for what to do. Whether to buy BTC, when to go to alts etc. Often these recommendations are considerably more reliable than my estimate. And that's the point. The connection of computing power and the human eye and brain. This is a strong combination.

Bitcoin is revolutionary in that, as the first cryptocurrency, it began to give people the opportunity to send value to each other without the intermediary, which was most often the bank. This is his real strength that should not be forgotten. On the other hand, if we're still in the Early adopters phase, why not use that information and invest in it, right?! How much do you think will be the next ATH and what can be the next correction after that?

As I wrote, if it does not deviate globally politically, which I do not think until then and if we start from the past, if we take the past starting price of $ 1,000, ATH $ 20,000 and the bottom correction to about $ 3,500 , so the next ATH should be about $ 70,000 and somewhere around $ 10,000 correction. Unless the other factors deviate more extreme, which I think will happen and there will be some business or financial crisis + crowd supports the crowd, so in the event of this scenario, about $ 160,000. But again, at some point we get to a horizon beyond which we can no longer predict. If the crowd really got into it, we could end up somewhere else.

What about your estimate of the bitcoin price after the next two halvings, after 2024? Do you think that even thanks to the fiat currency crisis, we can look at seven-digit numbers (in dollars)? Do you even want to make such predictions?

I do not want. I do not like speculation very much, and the more we go in the predictions from the present to the future, the more we make mistakes. Because the factors are simply more and more and the tree of possibilities is infinitely branching. If there is to be a fiat currency crisis, which I think will always defend the common interest of all parties, it may not bring anything good, even the crypt scene. Maybe the development is good duel. It brings dynamism. But not a duel that destroys everything. The financial and fiat currency crises to some extent, or only in certain states, will be good for the crypto. But if theoretically, the entire financial system should collapse, the crypto will be the last thing that interests us.

Thanks for the interview and continue to predict the development of the cryptocurrency trend!


This interview and some other can be found on https://www.blockchainfo.cz


To register for Control Alt Shifts, an annual subscription costs $ 84. However, you have the option to test the CAS index in a two-week free-trial period, after which you decide whether to continue with the CAS index. You can register directly via this link https://controlaltshifts.com

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Interesting read. I'm a bit of a TA skeptic; but I get TA's short term usefulness especially in markets where much activity is TA driven. But, I get the impression the interviewee is keenly aware of the strengths and weaknesses of TA so it was interesting to read their insights.
I'm somewhat familiar with Algorithmic Information Theory; and so believe that algorithms (e.g. an index) are a mathematical expression of some insight about the way the thing being modelled (price trend) works. I wonder is the interviewee would be willing to share, in broad terms, what those mechanisms are.

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Hi @eturnerx, thank you for your reaction. Those indexes are simply connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders. Simply as that and its crazy how its precise. Just go and give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

Hi @blockchainfo

Definitely a great interview, the best is the very sincere way when describing why that name seems great to me. in addition to that also his comment due to the changes that happen in the exchange as well as where he takes the information, now the last question is a very conservative way to say that he does not like speculation, he is very right to say so.

Just in 2019 we cannot say what will happen by 2024.

Greetings friend

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Hi @lanzjoseg, thank you for a comment - yes, its not easy to say in crypto, what will be next morning. So predictions for 2024 are not easy - anything can happen. But we will be after 2 more halvenings, so it seems that "we" will be enjoying that time.

Dear @blockchainfo

Thank you guys for sharink link to this publication with me.

I'm not much into trading and my experience is very limited. So I would gladly agree with Jan Magrot and his predictions, however it seem that he is making assumption that this industry is fully matured already (and regulated).

Right now crypto space is still a mess. Trust hardly do exist at the moment, regulators do not know how to approach projects build on blockchain, hardly anyone knows how to pay taxes etc.

Basically it's hard to make a reliable prediction when entire martket is still "under construction". At the same time I found your post very valuable (upvote on the way) and perhaps Control Alt Shifts could be efficiently use in the future. Just I'm not sure if relying on it right now would be wise.

But I didn't want to be another of dozens of cryptoboom, cryptomoon, mycrypto, cryptooo

I'm clearly one of cryptobooms :) hahaha My username clearly fits in into your description :)

Again, great read. Upvote on the way.
Yours
Piotr

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Interesting topic ... only i have one problem with these kind of apps and programs. (The same i have with blind followers of crypto predictors) And that is the following, when a lot of people are following the advise of these predictions, it certainly will become a self fulfilling prophecy. And i always think, be different, choose for whatever reason a project you like and try to go against the consensus. But who knows, maybe i should try this for a change, where can i get the beta?

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Going against the consensus sometimes is profitable. For example, Hillary Clinton had the most chance to win elections, but Trump was elected at the end. This caused some big movements in the FX market. I'm not sure if this kind of sudden moves can be forecasted.

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Well not only in the FX, the Stocks, etc.

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You are right, but on the opposit way of saying, trading "against the trend" might be harmful. But as you said..its not a rule.

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Registration is for free and you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

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Thanks, i will have a look asap

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Greetings,
Thank you again for sharing a good link,
Happy to see this type of data being gathered in order to make future decisions especially as an investor.
I believe that AI is really capable of gathering such advance data, but "Prediction" is what we humans usually do. (In my opinion).
Using the information as a group and taking on one course of action will make a difference in the market.
But again, I agree with @crypto.piotr where the industry is yet to mature especially reaching the point of regulation or decentralization.
The problem may be the whales who transfer or withdraw their assets at their own whim.
These affects almost 10-20% of the price almost immediately.

Regards

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Hi @jackramsey, thank you for your reaction.

Those indexes calculate the whales transfers - both deposits and withdrawals to the specific crypto exchanges. And also it counts with the order books and the executed orders.

Its simply as that and its crazy how its precise. You can give it a try with a free registration where you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

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Greetings,
Actually I am already trying it.
Thanks

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Hi @crypto.piotr,
thanx for stopping by.
The tool - both altcoin market index and fiat market index, are simply connected to the data extracted from most major crypto exchanges. Those events like deposits and withdrawals of specific cryptocurrencies and also movements in order books and executed orders play very big role in there. Simply as that and it´s crazy how precise it is. You can give it a try for free, where you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not.

I totally agree that its not easy to be well oriented in this evolving market, but on the opposit side, these tools, which can help you time the moment of entering or exiting the market might be very helpful. With those tools you can do just a few trades in a year and it might find you the peaks and the bottoms.

Sounds like a complicated crystal ball. Probably just as good as my "random walk" generator. Nevertheless, I guess time will tell, no?

Good luck.

Namaste, JaiChai

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Reminds me of that old joke:
Two efficient market theorists are walking along and see a $50 note on the ground. One goes to pick it up but other stops him saying "If that really is a $50 note then somebody would've already picked it up".

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Really good one :)

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Well, its not simply a crystal ball, but it might look like one. Those indexes are simply connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders. Its simple and precise at the same moment. You can give it a try with a free registration where you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

Trends, indexes and reliable indicators serve traders well enough... I'm merely an accumulator and a HODLer, ...in my experience, betting against the house, eventually I lose so... the only way to beat the house is to buy and hold.

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Well, you are right. But if you want to get more coins - you simply sell when you know, that the trend is down. Then you rebuy back when the trend is up. Simple as that.

Registration here is for free and you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

Hello dear @blockchainfo, interesting interview, very good tool for predictions.

Today I would like to know if BTC will soon fall under $ 6,000 another time or will that not happen?

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Well, it´s hard to say and "not a financial advice" to you might be my opinion, that maybe we can fall back to test $ 8500, but not below. And after holliday it will be "big" for crypto I would say. But anything can happen. Try this tool and you might find the bottom then yourself :)

I recently started a basic trading course, I'm a novice in these subjects.

What I can see is that prediction tools will always be subordinate to human command. Predictions are ultimately probabilities.

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Hi @yonnathang, thank you for your reaction.
Those indexes are connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders.

Well, surely sometimes it might generate some fake signals, but they are eliminated by the developer due his experiences with the indexes so right now it seems to me that it works very well.

Just go and give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

Might be a useful tool, to predict when Altcoin would go up... but already there are bots who do trading for humans, they see if the trend is up and then do the trade.

So at this age of such good AI uses, these apps too come up, its expected.

As for crypto, right now speculation is the fiat and traditional economy would be in crisis or slowdown for people to turn to gold and BTC...

in a way its really good because BTC was designed as alternative to fiat economy. It's testing ground for BTC and exciting.

I am all for crypto because I don't trust Govt. and so fiat currency and believe BTC and cryptos are superior currency and they would survive, even if there is some financial system collapse.

Although, I don't want any complete collapse of the system, that will be instability and chaos, let us see.

But it is good nevertheless that BTC is given a chance to prove its worth as a hedge currency because of the macro economic conditions prevailing in US and other places of negative interest yielding bonds, devaluation of Chinese currency, the US-China trade war, the possibility of US fiat currency getting devalued because of its fiscal debt which is a lot.

A slight economic slowdown is very provable and BTC is therefore on bull territory. Anyway, all speculations, but they are good reasons for BTC to rise up again!!!!

As for exact time when this would happen for one to invest, for those these Apps would be handy giving the index number based on analysis from data procured from crypto exchanges.

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The easiest way to check how it works is a registration, which is for free - there you will see 1 week delayed data - so you can do the backtest for yourself if it is an useful tool for you or not. Check it out here https://controlaltshifts.com

Thank you for sharing this article on crypto indexes. A good crypto market requires informative indexes to show us the trends in the market accurately. All the best!

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Thank you @tysler for your reaction. You are absolutely right. Those indexes are connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders. You can give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

Thanks for doing this interview. Great information on the alt coin market.

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Thank you @cyemela for your reaction, if you are interested in this tool, just go and give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

Greetings appreciated @blockchainfo.

Jan Magrot must be a very intelligent person in addition to having concise knowledge about cryptography.

I honestly didn't know who this person is and my investments in cryptography are zero. But for small amateur investors as well as for big financiers, this CAS should be a very valuable tool.

It is surprising that this crypto expert has not agreed to give an estimate of the price of BTC. He simply said that he "doesn't like speculation." I think this only shows that the crypto market is a very unstable field where nothing is written and the decisions taken will always be of personal character and responsibility.

Your friend, Juan.

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Indeed, @juanmolina, the crypto market is not easy to predict. Well it might be possible with this tool for a short term, but in 2-6 years, it might be hazardous to try to do some predictions. While you can see numbers like $1000, $100,000 or even 1 milion everywhere, they are simply lottery tips.
Thanx for stopping by.

Thank you @blockchainfo for sharing the interview with us

The type of info is interesting to read about
Re-steemed

Thanks to @crypto.piotr for showing me this article

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Thank you @xpilar for resteeming and for comment also. If you wish, you can give this tool a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

Really neat insight not only from someone technical and progressive, but applied to the crypto space which I like.

I use traditional indicators to measure sentiment but it would be sure nice to have an algorithm that takes into consideration a wider data set from lots of other exchanges and a collection of indicators.

Thanks for sharing this on the blockchain. More great steemleo content!

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Hi @zekepickleman, thank you for your reaction. Those indexes are calculated from the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders. Simply as that and its crazy how its precise. Just go and give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

I would like to try this tool soon, when I have enough time (and money) to practice some trading. I suppose that, at that moment, the tool will have improved more on its predictions. By now, I will remain a student.

I think that connection of computing power and the human eye is very important. As the developer said, this tool only analyzes technical trends, maybe with great precision. But in my view, for all I've studied about this, sentiment is the most important guide for the investor's decisions. And, for that, the fundamental analysis is needed.

Let me quote some phrases of Abe Cofnas from his book Planet Forex, Currency Trading in the Digital Age:

Fundamental analysis, or a fundamental view of currency markets, is widely misunderstood. It is not simply about the economic conditions facing a country. Fundamental analysis, when properly understood, contains sentiment analysis (...) In currency trading we can say that prices get their direction and strength of direction as they go through a field filled with fundamental expectation forces. Sentiment is the bridge and transmission channel, between long-term and short-term economic expectations that directly act upon the price (...) Sentiment is about both long-term and short-term expectations. Sentiment is how the market expresses emotions. Emotions are always about something and in currency markets emotions are generally about risk and uncertainty. Traders, therefore, need to diagnose what the market movements are about. This contrasts greatly with the current, dominant technical view of markets and currency pairs.

Yes... he is very opposed to the dominance of technical analysis, but I think it's worth reading... a mine of gold in financial knowledge.

PS. Thank you, as always, for recommending to me this article @crypto.piotr.

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Hi @spirajn, thank you for your comment. Those indexes are connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders. You can give it a try for free, where you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

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Thank you, @blockchainfo. I'll try it soon.

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Very well explained @blockchaininfo. I am kind of dumb when it comes to technical analysis.

But the way you explained Jan Margot Index is great. I am sure any beginner will understand what you are trying to present here.

Will surely follow you closely for upcoming articles.

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The tool is so simple, that with this yo can just wait for the trend turnaround and then enter the market. And then you wait for another turnaround to exit it. You can find peaks and bottoms of the crypto market very easily with this tool. Just go and give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

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@Blockchaininfo Thank you for the more info. I will surely check the tool and I will try with old data first to see the result.

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It will be quite hard to archive some control with the Index on the "Alt" world... at least based on only those factors. Many things are still University PoCs... others scams very dormant... waiting for a green door to create a business and wash the historical bad stuff.

Anyhow, it could still be interesting if using historical information on selected alts... maybe a great application of AI... =) Not just doing live calculation on an Index, but also disrupting it with predictive information. 😉

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Hi @forykw, thank you for your reaction. Those indexes are simply connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders. Give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

This is the first time that I have heard of the btc price prediction- which is based on facts. I have heard a lot of applications, opinions from experts on btc/fiat price prediction but somehow, I do not have complete confidence in their claims.

I do not like speculation very much, and the more we go in the predictions from the present to the future, the more we make mistakes.

yes. speculation is a dangerous game. I compare it to gambling. you win some, you lose some but the chances are always 50/50.

Who knows what the future brings? For me, I am simply "earning" my share in the hopes that someday, it would make my life better.

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Hi @nurseanne84, thank you for your reaction.

Those indexes are connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders.

Just go and give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

very useful and interesting discussion @blockchainfo I have a question: can the tool and ATI be used to target any one particular alt coin token?
If so what is the minimum requirement in terms of volume / market cap etc for the ATI to work.
Secondly

I only process stock market data, not sentiment information. These seem to me not very reliable and the offset is wrong. With us, when ATI exceeds 3.0, you can be sure that the alts will go up.

Now this is interesting and quite a different approach as I myself was at point trying to develop a strategy for a trading bot which used AI which intern took inputs from social media trends as a measure of sentiment to gauge a trend and a breakout

@crypto.piotr that is an interesting observation you make about the markets being nascent and still developing but we humans have a tendency to look for trends and look for predictions .
Any way this looks far more advances and worth a study

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Hi @thetimetravelerz, thank you for your comment.

Those indexes are simply connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders.

Registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com.

To your question - yes you can see there particular altcoins in your watchlist - there are over 500 coins at this moment (right now ZIL and BAT seems to be in uptrend). For online info and notifications, you need to pay some fee. But if you use those tools for trading, it´s worthy for you. It´s for your safer trading. Right now the ATI is 0.91 so it means sideways action - so I would stay off the altcoin market (for most altcoins) right now.

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Thanks for the info.
Appreciate the detailed explanation.
Would try and see how it works for me

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Thanks for the info.
Appreciate the detailed explanation.
Would try and see how it works for me

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I’m not even sure how the regular market predictions are made much less the seemingly unstable crypto world. I don’t know if it is possible to accurately predict trends for a coin like steem at the mo but nothing can be achieved without effort. I wish you success as all of us will benefit.

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Hi @missaj, thank you for your reaction.

Those indexes (altcoin index and fiat index) are simply connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders.

You can register for free and check 1 week delayed data - so you can do your own backtest for yourself of crypto you watch - like STEEM. Check it out here https://controlaltshifts.com

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Thank you 🙏 will do.

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This is a great read with some good information for one to intake. I've learned over the last 2 years that this is a game of patience. Along with patience, one must be able to capitalize on the small gains if they really want to see growth. All advice is not good advice and one must be able to tell the difference. I will give the link a look as well as doing some research of my own to get a clear understanding. Thanks for sharing this awesome message.

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Hi @slickhustler007, thank you for your comment. Registration is for free and you will see then 1-week delayed data, so you can think about it if its good tool for you or not. With those indexes, you need to enter the market just few times per year and perfectly time your trades.

Dear @blockchainfo,

Let me thank you for sharing these indicators with us. Until and unless if we use these indicators I cannot say exactly. With this available information in this blog, we understood that data will be collected from almost all the exchanges in the system. I was bit confused by this. I wonder we will not get exact prices from local exchanges as they might vary by 7-10%. How do we solve this problem?
For a short term trader this might not be useful if we don't have acccurate prices. For long term trades this could be really helpful.

Thanks for sharing this with me @crypto.piotr

Thank you

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Hi @kcherukuri, thank you for your reaction. Yes, exactly, in the long term it is very valuable. But probably not for a day trading. Those indexes are connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders.

You can give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com

Often these recommendations are considerably more reliable than my estimate. And that's the point. The connection of computing power and the human eye and brain. This is a strong combination.

Well, I have to admit I'm not much familiar with most of these usual acronyms employed in the field of financial market predictions. And maybe for the same reason, it was why I've highlighted in bolds the phrase in the quote above.

And regarding that highlighted phrase, besides 'human eye and brain' I also would add "logical intuition, hunches and guts" as my most trusty indexes and statistics to let me guide through this highly unpredictable terrain replete of prophets. };)

Interestingly, I was suddenly invited to comment and drop my not as expert opinion on this post by @crypto.piotr.

And curiously, this happened just when I had just commented and left my opinion in another article closely related to this one and for which my answer there, I suspect it could be pretty relevant, illustrative and revealing as to add some value to this post also and hopefully clarify further my own position on crypto trends and prediction markets.

Exclusively from the perspective of an old chap who is very far from being a prophet but who actually is an acute watcher.

So, to avoid martyring you with more of my unnecessary verbatim peroration so far. I think I'm going to finish my comment here. But not without before inviting you to click on that green text above. :)

Cheers!!

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Thank you, interesting article. Crypto will be big thing in next few years, we are still at the early stage.
If you check out the tools mentioned in this article, you might get good info in what situation (bullish / bearish / sideways) the crypto market (and STEEM and other cryptocurrencies) are https://controlaltshifts.com

I'm not a rich trader, but it seems an interesting tool to try. Maybe could be useful for entry/exit signals, or at least to watch the sentiment.

I see that it has another features in comparison with Cindicator or LyCI.

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Yes, its another shape of view on crypto, while the sentiment tools like Fear & Greed index look on emotions, this is just "hard data" analysis. It can definetely work beside.

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Interesting. Just signed up and curious what the index will show. Good luck to the project.

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Thanx @varioso, hopefully this tool will be good for your decisions.

Thanks for sharing! It is good to be informed in everything related to this topic. Always good, especially knowing the terrain you step on! Blessings

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Thank you, yes I find it very useful.

keep an eye on Ade's Crypto Press updating picks, it's all you need to know;)

It will truly be an interesting project when you stabilize the market of the crypto and so far there is only uncertainty. Thanks for the information, evaluate it. Greetings.

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Thank you @belkisa758, yes in those days we need some instrument like this. Well in 10-20 years, when maybe the prices of the crypto will be more stabilized and not so volatile, it will not be needed. But right now, its a great tool to know when to enter and exit the market.

Cool tool📈 thanks for sharing!

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What trend do you predict for steem ?

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Right now it says 2.42 points for uptrend and 2.19 points for downtrend. So in my eyes it seems to be the sideways action. Zilliqa seems to be on it´s way up due to the index.

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Check it out here, after free registration you will see at least some data and do your own research on this tool - you might find it valuable to you https://controlaltshifts.com

This could give us indicator for price trend of crypto money, good work, well done!

Posted using Partiko Android

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Yes, exactly. Check the tool for free to see backtests how it works. https://controlaltshifts.com

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I have seen a few of these crypto predictions. It does not seem like much, but when considering the foundation of crypto in money and how predictive tools are used in conventional finance, I believe this a great addition.

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It might work for someone the same way like it might be too difficult for the other person. I try to combine more stuff - including this AMI and the mood of the crypto crowd also. Both are important.

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Yep, why I like coingecko