Cryptocurrency trading with technical indicators and the awesome Current 24 Hour Hourly Report 15 Feb 2025

Days Hourly Market Reports - New report to assist informing trading decisions

The work on the reporting within Crypto Statto is evolving from generic reports to more sophisticated useful dashboards. This report currently sits within the Report Type Dashboard which is found within the "Power Reports" page.

The report features multiple bubble charts and tables. The charts shows coins on the Y axis with sub categories and time in hours on the X axis. Green borders represents a positive move and red borders indicates a negative move. You can hover over each data point to see more about the item in question. Bigger bubbles represents bigger values.

Percentage Gain Price and Volume Move Charts

This is a great chart. You can really get a feel for moves. One thing we can notice is that there may be a link between bigger drops in Volume and Price Drops. One for us to analyse in future to see if this holds up.

Price Gains Volume and Price

Challenges with cryptocurrency charts when trading and how we have built reports to overcome this

The issue with looking at charts currency pair wise, is one cannot get an impression of what is happening across a range of cryptocurrencies. Furthermore, these charts don't tell you what happens throughout the course of the day. For example, if you look at daily candles you will see the opening, closing, daily opening and daily closing. This is very useful because when comparing it to previous days you may be able to see your potential for reversion or a possible breakouts. However, if you have positions in multiple currencies you have to go into each chart to see what is going on.

Another issue with chart by chart review of candles is that there may have been a huge move earlier in the day which is hidden by the overall daily candle.

Many crypto data platforms provide a table of currencies that shows the hourly/daily/weekly changes. This is useful but again, we don't see what has happened within these time frames. One way around this would be to look for coins that have bigger movements and drill into charts to see what is occurring at a more granular level. This again takes time.

The biggest issue, bigger than the previous two, is that at every minute of the day, data exchanges are providing 24 how hourly metrics. For example, at 18:01 we could see a 1% change, and that 18:02 there could be a 5% change, at 18:03 a 10% change. Once the daily charts are produced, whilst you will see the bigger daily range - you will not see the bigger moves.

For this reason we create time ladders that rolls backwards to capture moves in both volume on price - in terms of their percentage change and volatility.

When you visibly inspect a chart you will often find the bigger moves in volume may indicate bigger moves in price.

Lagging and leading indicators

Relatively comprehensive analysis of metrics such as price, volume, and standard deviation tends to show that divergences from a basket of other assets will show one of the following;

The other coins may also move more substantially
That the coin doing the bigger move will eventually settle into the pattern of other coins

Whilst not necessarily axiomatic, we tend to know that if Bitcoin does a 5% move to the upside we will see other coins do moves greater than 5%. Conversely, altcoins that are individually doing bigger moves maybe going on some form of a run contrary to the market in general.

We are expanding our intelligence within the cryptocurrency reporting on Crypto Statto to evidence this phenomena.

We collect data on sentiment and trending, to intersect with moves. We have attached two charts to demonstrate this. Sentiment is - how does someone feel about something. Sentiment analysis is invaluable in trying to understand people's resistance and interest in trading a coin. Trending data is a metric which attempts to assess external content to see which coins have some form of interest.

For each set of data on an hourly basis we check to see whether there is any sentiment data or trending data, only moves without sentiment and trading are shown on this chart.

Sentiment and Trending with big moves

For each set of data on an hourly basis we check to see whether there is any sentiment data or trending data, only moves with sentiment and trading are shown on this chart.

Sentiment and Trending without big moves

Immediate trade signals identified

On our chart for 5% and over with sentiment and trading we see only two coins. For the under 5% without sentiment and trending, we see loads of coins. Further analysis is needed, but if I was personally holding AAVE and SUI, I would be spinning up a couple of trading view charts and probably selling some of these coins if I held them. Once I sold I would then set a second limit order to buy back at a lower price. As a caveat, I checked another chart on this layout "% Gain and Volume", and we notice that whilst volume was high, volume was dropping. Our Big Whale Analysis Reports may help to understand this data more. (We are planning many more breakdowns and comparisons on this type of data to try and tease out better insights).

Markers on the reports

Each data point on a chart is either surrounded by red or green border to indicate whether the value is positive or negative. This can get a little funky but is very useful. Some reports can never show red because the value can only be positive such as percentage going from low to high.

Data tables on this report

We also provide data that is partially used to produce the charts. For example it shows you the data we had at the time that this report was produced.

Data quality, time frames of this report

The disclaimer on this website explains that data is not real time and there is no guarantee as to the frequency to which reports are created. For this reason always check latest prices. More work is to be done in this area, but our preference is to improve the quality of the existing reports and information because we tend to all as traders, tend to look at data over the last day and larger time periods to then drill into making our own trading decisions.

The coins available on charts such as these may not be the coins that you are holding, a proposal we will be putting out 4 improving the range of coins and consistency of data available within the reports on the platform. An absence of coins on the charts we provide does not mean that activity is not occurring on them.

Understanding technical analysis?

What is the point of technical analysis?
Is technical analysis useless?
Do your reports try to remove the need for technical analysis?

Technical analysis is looking at a chart and its trends of price movements along with other indicators to try and get a feel for what a coin may be doing.

We most definitely do not think that technical analysis is useless. If you break down algorithmic trading it will tend to look for patterns in time series data relative to measures such as price on volume. We just tend to find that are particular approach to cryptocurrency trading is that we discover moves in the market that tells us to possibly take action. Many state that technical analysis is more for risk management than for actual profit gain and we tend to agree. The way that we tend to trade, and this is not financial advice, is that we look at a broad range of currencies where there is some form of divergence and we then tend to drill into the coin to understand more about what it may be doing. At that point we might decide to take something off the table or to try and accumulate some of that coin. In a particular instance we just don't have time to spend trading all day, because we are building the crypto platform.

So really, the reports that we provide on this crypto analysis platform is designed to work with technical analysts and not intended to be a replacement for it.

This is why we recommend using multiple platforms to get a better view on the market and your portfolio constituents.

Data is available within the API

These reports are available within the API, so if you have signed up for access to the platform, you can integrate this into your own trading software.

Keep coming back to Crypto Statto

There are two exciting innovations we are working on at the moment.

The first is to generate machine learning models that can help too infer probable moves to the upside based upon recent market data and key indicators. To do this we need to introduce back testing and validate this model.

Equally as exciting, is the intention to complete automated trading software with the hope aim of generating cash flow from cryptocurrency.

The AI generated insights will feed into both the report type dashboard and the automated trading software we have planned. We are also intending to publish trade outcomes from the automated trading software on reports within the platform.

So if you keep coming back to the platform you will find more and more useful tools to assist you on your cryptocurrency journey.

Useful sources

Power Reports

Evidence of our Crypto Trading Strategy working 10 FEB 2025

Telegram: Contact @cryptostatto

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