Im curious how you guys would detect a pump before it happens? Currently the bot I just finished looks for volume spikes that are abnormal compared to the past 10 candles. It then compares with a few Technical Analysis indicators I use on tradingview to verify that this could be a pump.
Here is an example of last night when it detected a pump happening for ZCL and purchased automatically. https://imgur.com/a/N6aGv As you can see there are abnormally large green volume spikes happening compared to the prior candles.
Now my question is do you guys have any other unique ideas or ways you would detect these spikes? Yeah I made a good amount on that spike but I want to be able to do that with very good accuracy. The bot enables a trailing stoploss after the purchase is made, cashing me out when things start to turn sour.
Im a day trader but I develop software and have made a lot of programs to give me big time edges. I do not use an auto trading bot per say but I have an arbitrage automated bot going all day while I trade, I have my pump bot going all day, I have two seperate scanners going that scan for extreme drops in prices so I can ride the recovery. I do a lot of things to give me a large advantage of just technical analysis of the coins.
Very interested in your guys opinions, if you dont want it public, please pm me. Or you can hmu on instagram @cryptoinformer
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