27 Amazing resources for Bitcoin and Cryptocurrency traders.

Never stop learning: Photo by Patrick Tomasso on Unsplash

So you want to be a trader? You want to test your skills in this grand game of chess that plays out on the daily charts? Welcome to the hardest game on earth.

The potential rewards are immense. New crypto-millionaires will be made this year.

But it won’t be easy. Only those who choose to master their craft will survive.

Famous arctic explorer Ernest Shackleton, recruiting for a dangerous journey to the north pole, said this:

“ Men wanted for hazardous journey. Low wages, bitter cold, long hours of complete darkness. Safe return doubtful. Honor and recognition in event of success.”
— Ernest Shackleton.

Are you are ready to start your journey towards mastery?

Good, then I have put together a list of resources that have been invaluable in my own education as a trader. Bookmark them, and dive in. Honor and recognition await!

The links below fall into 7 categories:

1: The basics of technical analysis.

2: Advanced technical analysis concepts.

3: Trading tools I use every day.

4: Best websites for researching altcoins.

5: Building bots and quant tools (Mostly Python).

6: Keep your coins safe with these security primers.

7: Mind set training for traders.

Bonus — 7 must follow twitter accounts for new traders.

The Basics of Technical Analysis.

Crypto is very similar to forex — you trade in currency pairs. BabyPips has a great (free) intro to forex trading that covers all the basics.

For those of you who love patterns, the pattern sight has them all listed, along with statistics (Did you know rising wedges actually break up 37% of the time? I sure didn’t)

Advanced Technical Analysis Concepts

Wyckoff methods, order flow, volume spread analysis. These are all advanced ways of understanding the flow of money through markets. Go down this rabbit hole of advanced concepts and learn to align your trading with the flow of capital.

Tools I use every day

The first thing I do in the morning is pull up Tradingview to look at the charts. They have some of the best charting software available.

Bitcoin wisdom has fewer currency pairs than tradingview, but lets you see the order book in real time.

If you want to keep an eye on trading related statistics like the fraction of long vs short margin trading, BFX data is full of useful real time statistics.

Researching Altcoins

Here is a great article on one trader’s process for finding valuable altcoins.

Want to evaluate an altcoin on based on developer activity, social presence or many other metrics? Coingeko has you covered.

Want to research coins but don’t have the time to sort through 1000's? Narrow down your list to the ICONOMY approved coins.

Building Bots and Quant Tools (Mostly Python)

Want to start coding but not sure where to start? Python is one of the top languages for data science and scientific computing.

Tradingview has it’s own proprietary coding language that allows you to build your own custom indicators. (I’m working on a proprietary “Bitcoin Raging Bull” indicator.)

James Hogan has written a nice python script that allows you to download historical data from coinmarket cap. Especially useful for tracking your alt/btc price for tax purposes.

This API wrapper allows you access the bittrex API using python.

When you are ready to build your own trading bot, here are a couple of books to get you started.

Here are a couple of tutorial for linking google sheets to coinmarketcap, build your own altcoin tracking spreadsheet.

A good blog about algo trading, mostly trend following.

Security Primers : Keep your hard earned gains.

As hackers realize the potential gains to be made, security becomes critical. Don’t lose your hard earned gains because you failed to implement basic security protocols.

Mindset Training for Traders.

As Yoggi Bera says, 90% of this game is half mental. I have found stoic philosophy to be one of the best method for controlling my emotions, through good and bad times. Ryan Holiday has written a wonderful introduction to stoicism:

Bonus: 7 Must follow crypto- twitter accounts.

The first thing I do when wake up is check the charts. The second thing I do is to hop on twitter —It’s the best way I know to instantly find out what’s happening in the markets.

The downside? There can be a lot of noise. Curate a list of accounts to follow, it will be an invaluable asset. Here are someof the best. I consider these my virtual mentors.

@kazonomics — Market genius and surgical TA expert. In crypto from the beginning. One day I will be accepted into his trading group.

@notsofast — Mining and low cap altcoin specialist and all around good guy. He understands the economics of crypto mining in a way I can only aspire to.

@SecretsOfCrypto — Small cap coin specialist. Just look back at some of his previous picks.

@Anbessa100 — Chart specialist.

@CryptOrca — Deep understanding of market dynamics.