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What Is Binance Crypto Analysis Bot?

What Is Binance Crypto Analysis Bot?

2024-01-17 11:14
The Binance Crypto Analysis Bot leverages market data and AI to provide users with cryptocurrency analysis on an ad-hoc basis. Users can also subscribe to alerts for insights on specific cryptocurrencies.

Special features

  • Price alerts: Get notified automatically when there are significant price changes;
  • Analysis and insights: Obtain additional insights on price changes consolidated in one place;
  • Price information: Track the price and related information of a cryptocurrency.

How to interact with the bot?

You can search for the bot (@BinanceCryptoAnalysisBot) on Telegram or access it here. Start a chat by entering the commands below.
If you’re an admin of a public channel or a private group, you may invite the bot into the group. Your members will then be able to interact with it.

Key benefits

  • Efficient: Save time on market research by viewing consolidated data in one place;
  • Simple: AI can provide key insight summary that are easy to understand;
  • Convenient: Obtain insights automatically via Telegram.

List of bot commands

CommandBot Return
/analyse <crypto>
Example: /analyse btc
Get key insights of a particular cryptocurrency
/sub <crypto>
Example: /sub btc
Subscribe to price alerts and analysis of a particular cryptocurrency
Note: If used in a group, only non-anonymous group admins can use the ‘/sub’ function.
/unsub <crypto>
Example: /unsub btc
Unsubscribe to price alerts and analysis of a particular cryptocurrency
Note: If used in a group, only non-anonymous group admins can use the ‘/sub’ function.
/price <crypto>
Example: /price btc
Get the price and related information of a particular cryptocurrency
/helpView instructions and information on bot commands

List of bot data

DataDescription
PricePrice of the particular cryptocurrency during the time period.
Trading VolumeThe total number of cryptocurrencies traded on an exchange within a specific timeframe. It indicates the liquidity and activity level of the particular cryptocurrency.
Capital FlowThe movement of funds into and out of the crypto market or between different cryptocurrencies. It can significantly influence the liquidity and value of cryptocurrencies.
Order Book DepthThe quantity of buy and sell orders available at different price levels in an exchange's order book. It provides insight into the liquidity and market depth of a particular trading pair.
Moving Average Convergence Divergence (MACD)
A momentum indicator in technical analysis. It helps traders identify potential buy and sell signals and gauge the strength, direction, and duration of a trend.
Learn more about MACD
Relative Strength Index (RSI)
A momentum indicator that measures the magnitude and speed of price movements to determine if an asset is overbought or oversold.
Learn more about RSI
On-Balance Volume (OBV)A technical analysis indicator that uses volume flow to predict changes in a cryptocurrency’s price. It measures the buying and selling pressure in the market.
Bollinger Band
A technical analysis tool that measures volatility and identifies overbought or oversold, as well as potential price reversals.
Learn more about Bollinger Band

Frequently Asked Questions

1. Which cryptocurrencies are covered by the bot?
Only the top 300 cryptocurrencies by market cap that are listed on Binance will be covered. More cryptocurrencies will be added in the future, stay tuned.
2. How often are price alerts sent?
The bot will check price differences for each cryptocurrency every 30 minutes. If the change in value ≥ 5% (for the top 100 cryptocurrencies by market cap) or ≥ 10% (for the rest of the cryptocurrencies), subscribed users will receive an alert.
Please note that if a cryptocurrency’s price fluctuates multiple times within 24 hours, subscribed users will only receive one price alert.
3. How often is the data updated?
If there are no significant price changes detected, the data is retrieved every 4 hours for the past 7 days. If there is a significant price change within the past 24 hours, the bot will retrieve data once a price change is detected at a 30-minute interval for the past 24 hours for the analysis.
4. What data is included?
Currently, only publicly-available data is used, such as trading volume, order book, as well as technical data. More data fields will be added in the future, stay tuned.
Note: The bot only uses market and exchange data from Binance.
Disclaimers:
  • The Binance Crypto Analysis Bot is an AI bot based on the GPT-4 model. All responses provided are presented to you on an “as-is” basis for general information and educational purposes only, without representation or warranty of any kind. It is not intended to be and shall not be construed as a recommendation or endorsement by Binance. Always do your own research and seek independent professional advice to determine if a product is suitable for you.
  • Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. Not financial advice. For more information, please read our Terms of Use and Risk Warning.