@cz_binance: Market is DeFinitely beyond insanity now. Curve’s price is $30 now on Uniswap, meaning fully diluted market cap is $90 billion. Release rate is 2m ($60m) curve token per day. Use your own judgement. Be responsible for your own actions. https://t.co/1NYRqqKzoA
@cz_binance: Markets are inefficient. People have to wait for analyst calls 40 days later to realize when China shuts down, it's gonna impact... Many still don't see the stimulus/printing that is bound to happen. Paper will get cheaper. https://t.co/SpfHgzmyrs
Bring the Binance market research articles to the smartphone app
I just stumbled upon some good articles on the Binance website under the research section. I rarely ever use the website because I trade on my phone. It would be really awesome if the Binance market research articles were made available on the smart phone app.
Total orders, # buy # sell orders - note that a. est volume is updated on buy, b. returns %s are calculated on sell
Balances of all coins, in free + on order amounts
Date of oldest trade in recent memory
btc volume in recent memory
Hours since oldest trade
est. daily btc volume, current balance and recent btcvol wrt hours in a day
estimates on 1, 5, 10, 20 btc invested
a. daily volume estimate b. monthly volume estimate c. # days til 0% fees d. drawdown, as % returns by hours wrt hours in a day e. how much btc drawdown as an exponential value of drawdown * # days til 0% fees f. daily fees @ 0.1% g. income at 0.1% fees h. income @ 0.0% fees i. income at 0.1% rebate —- https://hackernoon.com/binance-hitbtc-etc-market-maker-pitch-how-to-get-rich-online-2988c1d328ac —- https://github.com/DunnCreativeSS/privateMarketMakerRepo ask for access - charging 0.01 BTC or equiv donation, below addresses, to fund the dev acc If you prefer not to use the referral link, (either is good to access code, there is no hitbtc aff link at present, binance link in chat inside hackernoon article): consider a crypto donation! —— let targetSpread = 0.55; - higher spread should mean more profit, overall, because the difference in bid ask is higher so we should get less trades for more gain. The downside is that with higher spread there will be less pairs to trade. let targetVolDiv = 5; - this is how many times lower than the average, per base (BTC, BNB, ETH) the volume is allowed to be to consider a pair to trade. let targetVolMult = 20; - and this is how much larger than the average. If these are higher, then you'll notice more pairs that want to trade, but the downside of a higher Div is that they will have lesser volume and might not be really liquid... a higher Mult means that the more liquid markets might not have a good enough spread. let maxOrder = 1500; - this means that the maximum order size for a pair can be 1500 units. This is to protect against trading shitcoins that will get 12000 coins for 0.001 btc, because these pairs generally trade at a bid/ask that's exactly 1 point away from each other.. so think about it like we don't want to trade Doge because we want to have our own unique orders above/below the bid/ask let minOrder = 0; - the minimum order amount (a fix that's since been fixed better, might as well leave at 0) let maxBetterVol = 1.5; - this exists as a matter to ensure people can run competing bots. If there's a # volume of tokens/coins better than your bid/ask order # of this multiplier or less, it won't re-enter the market. If the amount better than your order * this multiplier is larger, it'll re-enter the market
Binance Market Scanner Project and Arbitrage Project
Hey all. I'm working on building a trading tool for Binance and I want some feedback from other traders on the most valuable feature set. I am a pretty new trader so I want to leverage the knowledge of more experienced traders to get people what they want and need. I want to build a market scanner that will have customizable alerts that I haven't been able to find elsewhere. I want it to have alerts for: 1). Volume Changes - User selectable %change and time. (Ex. 300% increase in volume in the last 5min) 2). Price Changes (Ex. +/- 5% price change in last X minutes) 3). Indicator Alerts ( ex. RSI <30) 4). Composite alerts (ex. Price Below X, RSI <30, Volume +100% in Last 5 min) 5). Fixed price alerts (common but if you want all your alerts in one place I plan to include it) Which indicators do people use the most? I've been using RSI and MACD. I have also used some OBV. I will try to set up as many as I can but these will take some more programming so I may not be able to wrap them all in. I plan to have email notifications as well as local notification like Coinigy and Tradeview do and could do push notifications to a phone. I'm going to look into SMS but seems like that costs money as most people charge you for X amount per month. It will have some filtering ability so you can pick specific pairs you want these alerts on or exclude pairs you know you don't want to trade. You can filter by 24hr volume to exclude low liquidity coins and can filter by base currency if you only want BTC pairs or whatever else. I also have done some Arbitrage trading between Binance and Bittrex mainly. I'd like to build something that shows all of the coins that are common between two exchanges (Ex. Binance to Bittrex) and then will show you the percent difference between the respective Bid and Asks as well as the order book depth so you know if its just low liquidity causing the difference or if its likely to stay for a few minutes. I'll also have a chart so you can open that and see the difference over the last ~4hrs or so. I'd like it to also let you know if the wallet is currently disabled on either site as that is frequently what drives the difference but is not helpful if you are trying to transfer funds. I've found myself flipping through a ton of coins on Coinigy's Arb matrix trying to find a coin to return the funds to Bittrex after an arbitrage to Binance. Doing that both ways eliminates transfer fees and makes a profit on both trips. This is just kind of a brain dump but I'd love peoples feedback on if the community would use this if I build it. I know I would use the volume and price alerts just based on my trading strategy but I want to see if there are other features that fit other strategies that I could look at including as well. Thanks and Happy Trading!
Hey all. I just wanted you all to be aware that there is some possible market manipulation going on with Binance. I saw an potential arbitration, and went after it, only to find it wasn't a real price they posted. XRP/BTC was 17.1k. TRX/BTC was 20.7k. Thats a 20.9% difference. I sold my XRP for BTC, then bought TRX. the transaction history shows that the amount I had in TRX was equal to the amount I had in ripple (in USD). I have screenshots. Does this mean they were willing to get you out of your TRX position at a 20.9% surcharge, but not willing to honor the inverse of their advertised price? please help me make sense of this
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