Algory Project: Cryptonews — never be late again!
It is our pleasure to welcome all of you who are either considering or planning to participate in our Algory Project ICO. The following series of articles will show you what we do, what our product looks like, and how you can use it for your benefit in the cryptocurrency market.
As a starting point, I would like to encourage you to read the article: First and most powerful cryptocurrency scanner, wherein we describe our incredibly versatile new cryptocurrency scanner. You really must read it!
Today, though, we will talk about Cryptonews, another of our tools associated with auto-trading.
Never be late again
Take a look at the chart below. Have you ever wondered why it often happens that you learn about certain situations long after the fact and thus are not able to reap the profits generated due to their growth?
Charts like the one above are usually looked at by people who browse cryptocurrencies for:
- the biggest increases
- the biggest declines
Unfortunately, they often open a long position on a given cryptocurrency only when the price has already risen by 50% or 100%. Thus, their risk/ratio reward is much lower. At the same time, the risk they are exposed to increases.
The move shown in the chart above was caused by news of the collaboration between Stellar and IBM. Remember that even good PR can sometimes make a significant increase in value and you have to take advantage of this fact in your trading.
The people who read the news first responded accordingly, bearing in mind the “first come, first served” principle.
News on the official IBM website:
And a little later on, the news sites from the world of cryptocurrencies:
How did these differences in publication time spread over time? In the beginning, the news was published on the IBM website. Let’s be honest, that news was only caught by a few people or people who had access to this information beforehand. Another wave of growth occurred as the news spread through the media.
Access to information is key to being among the first to respond and open a position before other traders even start thinking about it. This is your main advantage in the market.
Let’s go back to the memorable tweets sent by Charlie Lee, founder of Litecoin, a few weeks ago. He didn’t beat around the bush saying that China is planning to impose a ban on the Chinese exchanges. Many observers responded to this information immediately. A few days after this tweet, the Bitcoin rate fell by 30%. I guess you now know why it is vital to be up to date with the news!
Get access to the latest news in blind of seconds
Maintaining an ongoing overview of several dozen sites on the subject of cryptocurrencies and the social media takes a lot of time. You simply can’t analyze them all and respond appropriately to the market in time.
What is CryptoNews?
Cryptonews is a news aggregation system drawing content from all the sources that are crucial for cryptocurrency market traders, infulencers etc. around the world. It’s a tool designed to keep up with the global trends and meet traders’ needs.
“Over the years, thanks to active trading, I have realized how important it is to have quick access to key market information. On the US Stock Markets, where I come from, the access to information is the simplest source of profits in a way. Often, even a few seconds have been instrumental in generating above-average profits or protecting against sudden loss of value. For years now, I have been using tools that collect stock exchange data, news, and FDA information. With these tools, I am more confident in trading because I know what drives the move and what it is caused by” — this is how Tomasz Przybycień, founder of Algory, describes the reasons for the creation of Cryptonews.
Because we know from experience how time-consuming it is to browse through the entire market, we are creating a tool that aggregates all the available information about both individual cryptocurrencies and the entire cryptocurrency industry.
With Cryptonews, you get access to current events and information which can affect any cryptocurrency rate.
- News sites from around the world.
- Social media.
- Technological companies.
- Blogs.
- Influencers (from twitter, youtube etc.)
Never miss any of the tweets or key influencers in the world of cryptocurrencies, being watched by thousands of followers.
What makes Cryptonews stand out?
It is a powerful scanner that allows you to filter data based on the parameters you specify, which include:
- news sources
- specific cryptocurrencies
- specific phrases in the news
We do not force you to use any sources, but we do allow you to add them on your own. If you want to analyze additional feeds on Twitter, Reddit, or thematic sites, go ahead. Once you are logged in, you will be able to add all of the above.
Example of news-based autotrading!
Thanks to this extra functionality we will develop at a later phase, you will be able to automatically respond to the latest news. The autotrading feature will allow you to close/open a position when a specified condition is met.
For example, if you decide to close your long position on BTC, you will be asked to enter specific settings when you get the news.
For example, you will set:
- Searched phrase on “BTC”.
- Additional phrase on “BAN”.
- Potential sources you want to search.
When a specific event occurs in the filtered newsfeed, the system will perform an automatic transaction on the stock market that is selected and connected to the system.
About Algory Project
Algory Project was founded by two traders who come from the American stock exchanges: Tomasz Przybycień and Dominik Gordel. In cooperation with developers and technology specialists focused on trading tools, they started to develop a multifunctional tool to support cryptocurrency trading — Algory.
Sign-ups for the Whitelist ICO — Algory.io started on November 15. Join the Whitelist to be sure to take part in the PreSale, during which you will be able to purchase the Utility Token ALG with a 20% bonus.
Algory Project in practice
In the weeks to come, we are going to describe the functions provided by Algory Project. We want you to fully realize what a comprehensive and professional crypto-trading tool we are preparing for the crypto-trading community.
In the following days, you will learn about:
- Cryptoscanner
- Cryptonews
- Blockchain analyzer
- Cryptocurrency backtester
- Auto-trading
- Arbitrage scanner
- ICO viewer
- Exchange comparison
- Social learning
- Trading room
- Cryptoviewer
- Cryptocoin
- Chart signals and analytics
It is our pleasure to welcome all of you who are either considering or planning to participate in our ICO.
The following series of articles will show you what we do, what our product looks like, and how you can use it in the cryptocurrency market.
