Learning to organize a proper watchlist will give you a powerful Sharingan to scan the market
But many people are still relying on hope instead of monitoring cold data.
𝐇𝐞𝐫𝐞'𝐬 𝐦𝐲 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐜𝐫𝐲𝐩𝐭𝐨 𝐰𝐚𝐭𝐜𝐡𝐥𝐢𝐬𝐭 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐬𝐮𝐫𝐞 𝐈 𝐚𝐥𝐰𝐚𝐲𝐬 𝐡𝐚𝐯𝐞 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 𝐨𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭:
First of all, bookmark it to read it in a second moment 🔔
🔸BTC/USD (kinda obvious)
🔸BTC D. (to gauge risk aversion periods/altseasons)
🔸BTC/USD SHORTS/LONGS (records the number of bearish positions in the BTC market -> traders borrow funds from their broker to bet on a bearish outcome for BTC/USD / viceversa for LONGS)
🔸ETH/USD (kinda obvious)
🔸ETH/BTC (when the king of altcoins starts to outperform BTC we have a strong sign of an incoming altcoin party)
🔸DXY (dollar up -> risk on assets down/dollar down -> risk on assets up) generally
🔸USDT D. (USDT D. up -> BTC down/ USDT D. down-> BTC up)
🔸TOTAL 1 (to gauge overall crypto marketcap)
🔸TOTAL 2 (as it excludes BTC I can have a better outlook of altcoins)
🔸TOTAL 3 (as it excudes both BTC and ETH I can have a deeper view of altcoins)
🔸OTHERS (as it shows the total crypto marketcap of the 125 altcoins excluding BTC, ETH and the stablecoin market, it provides me with the purest view of the altcoin market health)
🔸OTHERS D. (shows the dominance that altcoins have on the market: OTHERS D. up -> good moment for alts, OTHERS D. down -> bad moment for alts)
🔸TOTAL DEFI (shows the total crypto marketcap of the top 125 DeFi coins: above important resistances -> DeFi interest high -> odds that DeFi picks start flying)
🔸S&P (to see how stocks are performing)
🔸QQQ (ETF that tracks the performance of the Nasdaq 100 Index -> gives investors exposure to tech sector -> has been tied to crypto due to the tech correlation: QQQ up -> BTC up/QQQ down -> BTC down) not always, but an additional indicator
🔸GOLD (to track the performance of the yellow shiny rock: GOLD up -> risk on assets might go down/ GOLD down -> risk on assets up)
🔸The altcoins I'm monitoring, both in USD and BTC pairs to gauge their true strength
These are the tickers I use to monitor the market from a technical standpoint.
I'm sure it will help you to better visualize the market.
