Kelas Premium Akademi Crypto | Cara Melakukan Screening Altcoin Untuk Scalping

Summary

In this tutorial, Alasting from the Crypto Academy explains how to screen altcoins for scalping. The process includes checking factors like volume, Bitcoin correlation, market trends, and other indicators such as Bitcoin Domination, funding rates, open interest, and long-short ratios. The key is to identify the most liquid and promising assets by analyzing real-time data and understanding market psychology. The video emphasizes the importance of discipline, similar to training, before entering trades. By combining these tools, traders can make informed decisions and improve their chances of success in the volatile altcoin market.

Takeaways

• 😀 Screening altcoins is the first step to disciplined trading. It helps you choose the best assets to trade before opening positions.
• 😀 Discipline in trading is crucial, and screening altcoins is like warming up before an intense workout to maintain focus and avoid impulsive decisions.
• 😀 One important factor in screening altcoins is trading volume. Higher volume suggests greater liquidity, making it easier to trade and follow price movements.
• 😀 Correlation with Bitcoin is key when selecting altcoins. Bitcoin’s price often dictates the price movement of altcoins, with about 80% of altcoins following Bitcoin's lead.
• 😀 A positive correlation between Bitcoin and an altcoin indicates that when Bitcoin goes up, the altcoin might also rise, and vice versa.
• 😀 The US stock market plays a role in crypto trends, as many traders use both markets in tandem. It’s important to check the pre-market conditions before making trading decisions.
• 😀 Bitcoin Domination (BTC.D) is a measure of Bitcoin’s market dominance. A rise in BTC.D indicates money flowing into Bitcoin rather than altcoins, while a drop suggests funds moving into altcoins.
• 😀 Understanding funding rates is essential for assessing market sentiment. Positive funding rates suggest bullish sentiment, while negative rates imply a bearish outlook.
• 😀 Open Interest reflects the amount of money in the market, helping gauge the strength of a trend. High open interest generally indicates stronger momentum, while decreasing open interest suggests weakening momentum.
• 😀 The ratio of long vs. short positions in the market helps determine sentiment. A higher ratio of long positions can indicate bullish sentiment, while more shorts could signal bearish sentiment.

Q & A

What is the purpose of screening altcoins before trading?

Screening altcoins helps traders select the best assets for trading by evaluating factors such as volume, correlation with Bitcoin, and overall market conditions. This process helps ensure better decision-making and discipline in trading.

How does volume affect altcoin selection for trading?

Volume represents the number of transactions within a specific period. Altcoins with high volume are generally more liquid, making them easier to trade and more reliable for making profitable trades.

What is the significance of Bitcoin’s correlation with altcoins?

Bitcoin's price movement often impacts altcoins. A bullish Bitcoin usually leads to bullish altcoins, while a bearish Bitcoin can drag altcoins down. Traders need to assess Bitcoin's movement to predict altcoin trends.

Why is Bitcoin dominance important in altcoin trading?

Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization held by Bitcoin. When Bitcoin dominance rises, money tends to flow into Bitcoin, causing altcoins to decline. A drop in Bitcoin dominance usually means more money flows into altcoins, raising their prices.

How can the US stock market influence altcoin prices?

The US stock market has an indirect correlation with Bitcoin and altcoins. When the stock market is bullish, it often leads to bullish trends in Bitcoin and altcoins, especially during evening trading hours.

What do funding rates tell us about market sentiment?

Funding rates indicate the market's overall sentiment. Positive funding rates suggest a bullish market (more long positions), while negative funding rates indicate a bearish market (more short positions). Monitoring funding rates helps traders understand whether the market is favoring long or short trades.

How does open interest help in determining market momentum?

Open interest represents the number of outstanding contracts in the market. Rising open interest with price increases suggests strong bullish momentum, while rising open interest with falling prices indicates a weak or bearish trend.

Why should traders pay attention to the long/short ratio in altcoin trading?

The long/short ratio shows the balance of long and short positions in the market. If most traders are long, it may signal an overbought market, and traders might consider shorting. Conversely, if most are short, the market might be oversold, presenting a potential opportunity for long trades.

What should traders do if Bitcoin and altcoin trends are not aligned?

If Bitcoin's trend is contrary to the altcoin's trend, traders should be cautious. For example, if Bitcoin is bearish but an altcoin is bullish, there is a higher risk of a false breakout, and traders should reconsider entering the market.

What is the role of the pre-market in altcoin screening?

The pre-market conditions, particularly in the US stock market, can provide insight into the potential movements of Bitcoin and altcoins. A positive pre-market suggests a higher chance of a bullish Bitcoin and altcoin market, while a negative pre-market indicates a more cautious or bearish outlook.