27 Amazing resources for Bitcoin and Cryptocurrency traders.
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.
Learn How to Trade Forex. BabyPips.com Is The Beginner's Guide to Forex Trading.www.babypips.com
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)
ThePatternSite.com is internationally known author and trader Thomas Bulkowski's FREE website for research on chart…thepatternsite.com
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.
Wyckoff method in cryptocurrency trading has been made popular among serious traders mainly thanks to John Bollinger…www.altcointrading.net
Let Volume Spread Analysis help uncover footprints of professional activity. VSA puts you in the trade *with* smart…www.volumespreadanalysis.com
In today's article, I would like to spend a small bit of time talking about something called order flow trading. Order…www.forexmentoronline.com
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.
Live quotes, free charts and expert trading ideas. TradingView is a social network for traders and investors on Stock…www.tradingview.com
Bitcoin wisdom has fewer currency pairs than tradingview, but lets you see the order book in real time.
Live Bitcoin/Litecoin charts with EMA, MACD and other indicatorsbitcoinwisdom.com
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.
Charts and Stats for Bitfinex market data and margin funding BTC LTC USD. Bitfinex referrer code UttOzlC1zZ. 10% fee…www.bfxdata.com
Here is a great article on one trader’s process for finding valuable altcoins.
Microcaps have proved to be the most profitable coins for me, and the process by which I pick them out is pretty simple…medium.com
Want to evaluate an altcoin on based on developer activity, social presence or many other metrics? Coingeko has you covered.
CoinGecko is a cryptocurrency ranking chart app that ranks digital currencies by developer activity, community, and…www.coingecko.com
Want to research coins but don’t have the time to sort through 1000's? Narrow down your list to the ICONOMY approved coins.
The digital assets are the foundation of the new economy. They represent stakes in services like prediction markets…www.iconomi.net
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.
First of all, what is Python? According to its creator, Guido van Rossum, Python is a:medium.freecodecamp.org
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.)
TradingView is proud to present the Pine scripting language! TradingView is the first platform of to have this kind of…blog.tradingview.com
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.
coinmarketcap-history - Get the CoinMarketCap price history for a particular cryptocurrency and print it in CSV format.github.com
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.
Ernie’s third and latest book Machine Trading: Deploying Computer Algorithms To Conquer the Markets covers a variety of…www.epchan.com
Here are a couple of tutorial for linking google sheets to coinmarketcap, build your own altcoin tracking spreadsheet.
So if you're building out a quick CRUD app for e.g. internal use, Google Docs as a backend (consumed via JSON) is…www.twilio.com
With all of the activity lately on Coinmarketcap.com, I’ve started a Google Sheets doc to keep track of some metrics…steemit.com
A good blog about algo trading, mostly trend following.
Compared with machine learning or signal processing algorithms of conventional trading strategies, High Frequency…www.financial-hacker.com
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.
It's been a long time coming, but what with the massive rises in fiat-based prices and corollary public attention, it…steemit.com
Crypto trading is risky enough as it is, don’t let your hard won gains be taken by hackers. Do these 7 things to…medium.com
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:
"Follow these precepts and you will revolutionize your life. Read this book!" - Steven Pressfield, author of The War of…theobstacleistheway.com
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.